US Labour Market Negative Again (cn)

US Labour Market Negative Again

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The last trading session closed amid very important for the US economic news � with a report of the Labour Department regarding unemployment and non-farm payrolls. The news about worsening of the current problem in the USA appeared to be the last one before the voting procedure, which starts tomorrow.

Despite optimism concerning the recovery and the initial estimate of the US economic growth, the unemployment rate in the country returned to the prior level of 7.9%.

Still the number of jobs in non-farm sector advanced 184 K in October, although the analysts expected the upmove by mere 123 K.

The unemployment rate increase in one of the most important energy consumers lowered the demand for oil.

The oil of WTI type declined on Friday after the release of the report concerning the US Labour Ministry, falling by 200 pips to 84 US dollars 60 cent per barrel.

The ambiguous statistics is delivered differently to the electorate.

Barack Obama marks positive in relation to payrolls amid accelerating economic advance. While Mitt Romney recalls a renewed growth of the unemployment rate.

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