Saturday, January 14

US jobs market ends on a high note in 2011

US jobs market ends on a high note in 2011
Mark Lennihan / AP


Job seekers meet with potential employers at a job fair in New York.


From msnbc.com and wire


U.S. employment down last month, continued to grow an increased trend in the nation labour market seen in the second half of 2011.


The economy of wage and payroll grown by 200,000 in December, the US Labor Department reported on Friday. The data economists expectations and mark a six month range in the economy each month with at least 100,000 jobs generated. That still has not happened since April 2006.


At the beginning of the report messages add sound, that the nation unemployed's was rate slipped up by 8.5 per cent in the Cromagnon-its lowest level since February 2009 and one read revised 8.7 percent for the previous month. The rate is for four straight months decreased.


However, the number was earning records for October the reward and and November revised, 8,000 of fewer jobs created as already reported, has an edge of the display data.


"There is no question that the today's employment report is a positive and there is also no question which the pace of growth to jobs of late, has accelerated", said Dan Greenhaus, analyst at BTIG LLC, a brokerage firm.


Expectations for a fixed wage and win payrolls rose Thursday, as the private pay and payroll agency ADP, said its own calculations for the setting were much stronger than forecast profits.


The closely watched employment report will cement views probably, that economic growth accelerated in the fourth quarter after a tepid performance in the first nine months of the year 2011. However, the pace of work is still too slow creation, to a stable economic recovery signal finally under way.


The economy must faster to increase jobs for a longer period a noticeable delle in the pool of 24.4 million Americans who either work or underemployed 2-1/2 years left after the end of the 2007-09-recession.


An improvement in the United States work is essential to the global economy, because one-fifth of the world economy American consumer spending represents. A recovery in the United States would expected this year also the a strong slowdown in Europe to alleviate.


Vote: Do you see signs of improvement in the labour market?


President Obama welcomed the December unemployment data and increase a payroll tax asks Congress to help cutting by 2012 maintains economic recovery of the country their dynamics.


"Of course, we have to do much more work," he said during a visit to watchdog consumer financial welcome new Director, Richard Cordray, the Obama appointed this week despite opposition from Republicans in the Senate.


A better labour market is a positive sign for Obama, the electorate with the highest unemployment rate of each session tied to President since the second world war is. Unemployment was 7.8 percent in Obama took office in January 2009.


Nevertheless the level can less than his reelection chances role, when the rate continues to fall. History teaches us, that Presidents re-election prospects of less on the unemployment rate itself as to the rate direction in the course of the year or two before election day hinge.


For all 2011 the economy added to 1.6 million jobs, better than the 940.000 2010 added. The unemployment rate averaged 8.9 percent in the last year down by 9.6 per cent in the previous year.


Economists are predicting that the body gains 2.1 million above this year.


The order report December drew a picture in the large and around improving job market. Average hourly wage rose to spend the consumers with more income. The average week extended, a sign that companies picking up and companies may soon require more workers.


And setting in most major industries. Added production of 23,000 jobs, such as the healthcare industry. Transport and storage added 50,000 jobs. Retailers added 28,000 jobs. Even the beleaguered construction industry added 17,000 employees.


Economists pointed out that some of the gains reflected temporary setting for the holiday season. The Government provides the numbers to these seasonal factors but not always fully account for them to consider.


The gains in transport and storage, reflected, for example, a rise in the setting for couriers and offered. That might arise is from a big jump in online shopping during the holidays, the Department said.


The associated press and Reuters contributed to this report.

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