Saturday, April 2, 2011
US ECONOMY = UNEMPLOYMENT EASING FAST = GOOD FOR INDIAN (AND US) STOCK MARKET SENTIMENT
UNEMPLOYMENT EASING FAST
Latest Statistics show that US has posted a second straight month of gains in the Job-less Rate. It has fallen to a low of 8.8 percent- indicating a good recovery of the US.
Businesses created 1,92,000 Jobs in February and 2,16,000 Jobs in March, the 2 fastest months in recent years. The unemployment rate dip is said to be the sharpest in a number of years now.
All in all, these are all good indications that US unemployment situation is easing fast, in a Big way.
Quite naturally – whatever good happens to US economy – other countries closely connected by Business and trade with USA will also benefit in many ways.
This can also be a trigger for some good stock market gains as well, in US and India.
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