-- For those who think the economy is still miserable, there's good news. Things are getting better in the job sector of the economy. Here's a story from Reuters News on 1/5/12:
(Reuters) - Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012.
The ADP National Employment Report's December job tally surprised economists who had expected a 178,000 gain. It was also well above the 204,000 private jobs added in November.
"The number is stunning,"
said Wayne Kaufman, chief market analyst at John Thomas Financial in
New York. "This is another data point that shows our economy is healing.
It fits in well with improvements we've seen in consumer sentiment, and
obviously that's because there are more people getting paychecks, which
is making everyone happier."Joel Prakken of Macroeconomic Advisers, which helps produce the report, struck a note of caution, telling reporters that the December surge in hiring might have been caused in part by year-end seasonal factors and revisions were possible. In the U.S. stock market, stock futures pared losses after the data while U.S. government debt prices fell slightly.
FULL STORY: http://www.reuters.com/article/2012/01/05/us-usa-economy-idUSTRE7BM0AB20120105?feedType=nl&feedName=ustopnewsearly
No comments:
Post a Comment