Jobs: Look for Lower Losses in September

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The economy rolls along, helped by a mild hurricane season and hampered by recessionary consumer confidence. Joblessness could peak at 10% in December


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[rkbehera1]

We should not forget the old age saying "slow and steady wins the race".The recovery of recession hit global economy is slower but it is steady.The International stock market analysts are confident ,the way the markets all over the world are moving.US Non-firm Pay roll data would be definitely better than August.But we may see slight increase in un-employment data.But this would have no major effect on US stock markets.

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[jb100]

Although I am optimistic on the latest US Pay roll and job data which are scheduled to be released on October 2nd,but deviation of expectation can't be ruled out.The recovery process in any global recession hit economy is always uneven.But taking it negatively in case of poor data is not advisable.There are enough signs that the job markets and new home sales are picking up in US and elsewhere in the world.