Friday, 7 December 2012

Economic Indicator Update



Unemployment Rate  at 7.7%              Non Farm Employment Change 147 K

The U.S. added 146,000 jobs in November and the unemployment rate fell to 7.7%, the lowest level since December 2008, the Labor Department said Friday. As Per government report,Hurricane Sandy appeared to have little effect on hiring and employment last month.The biggest increase in hiring in November occurred in retail, professional services and leisure and hospitality. The construction and manufacturing sectors reduced employment.

Bullion's fell after positive news on Employment. Base metals & Oil gained due to strong economic recovery news.


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