Unemployment in USA reached 9.5%
In June the U.S. were curtailed 467 000 jobs outside the agricultural sector, according to a report published today, the Statistical Office of Employment (Bureau of Labor Statistics (BLS). Unemployment rose to 9.5 percent last month, which is the highest value of the index of over 26 years after the increase in May to 9.4 percent. Consensus expectations were for the market decline in employment 375 000 job positions to a revised account of the loss of 322 000 items for the previous month. The number of long-term unemployed Americans in June rose to a record 4.4 million, or 3 of every 10 unemployed people in the U.S. are more than 27 weeks. Redundancies jobs since the beginning of the recession in the U.S. in December 2007 to April this year are already close to 7.2 million, more than half of them redundant in the last 7 months. The total number of unemployed in the U.S. in June reached 14.7 million, or approximately as much as in May. According to today’s report, 136 000 positions were reduced in the industrial sector, which formed 12 percent of the GDP of the country after the 156 000 jobs redundant in May and expectations of 148 000 jobs less. In the construction sector are reduced 79 000 jobs in the services sector 118 000, and in June the federal authorities have shortened 49 000. The median hourly wage of Americans has remained unchanged – 18.53 dollars, a growth index of the annual fun to be 2.7% to 3.1% in May. The average working week in the U.S. in June fell to a record 33.0 hours of bed, as in the previous month was 33.1 hours. In general the data are lower than market expectations, although it noted some improvement of the first 4 months of the year with a view to reducing the number of redundancies jobs below 600 000.
This reinforced escape from market risk and time before the start of the Friday session of the stock exchange on Wall Street, Dow futures to fall to 1.31 percent, the S & P 500 by 1.29%, and NASDAQ 100 by 0.66 percent. This support the dollar as a reserve currency and the euro fell to 1.4016 dollars.
Tags: finances, NASDAQ, unemployment, USA