Us unemployment jumps unexpected what prompted fears of 9 8pc recovery

Retail employment decreased from 28,000 in November, including waterfalls in the Department store employees by 9,000 jobs. Photo: REUTERS

Us unemployment is now 9 8pc, more than 9 6pc last month. Employment growth slowed to 39,000 November — far of the 130 000 provided by the experts - after an average increase of 86 000 per month since December 2009.

In London, the FTSE 100 index fell 1pc 5,720 news and the Dow Jones Industrial Average down 0 3pc on open 11,331.42 as investors fear for the future of the recovery in the United States. Flight safety or seen jumping over $ 1,400 an ounce on the back of the news.

Economists said the unemployment figures demonstrating the fragility of the recovery in the United States would be considered by the US Federal Reserve as validation of its decision the month last $600bn more in the economy of the pump.

"The labour market is not turning around, and it is the key to the overall recovery" David Semmens, an American economist at Standard Chartered Bank in New York, told Bloomberg. "Anyone who believes that the Fed was perhaps too prematurely is definitely would have to eat their words".

Retail employment decreased from 28,000 in November, including falls in the store used by 9 000 jobs and furnishings furniture and home stores by 5,000.

Health care industry was the big winner in November, with a gain of 19,000 for months, even if it was still lower than the average increase of 21,000 known so far this year.

This year has also seen an increase in apathy among many unemployed, with the number of workers do not look for work because they feel that without a job for them at 1.3 million coming are 861,000 a year earlier.

Drew Matus, a senior economist at UBS, stated: "The United States may have to face the fact that unemployment will be high for an extended period."

"There are people who need to be recycled for new jobs and will take time."

The Organization of cooperation and development (OECD) had warned in September that the long-term unemployment may be a reality for many Americans.

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.