The Web Tycoon’s blog

The president Barack obama, partially admitted that the continuous unemployment carnage in the United States seems to have arrived to an end. During the month of November, the job destruction wasn’t higher than 11000, very lower than the expected 130000 and the best record from December 2007, two years ago.

This has been excellent data because the November unemployment in the US not only prevented the record of the last 26 years from being higher than the 10,2 of October, but also reduced it to 10%. The president Barack Obama highlighted that the data is positive but we have still a long way to obtain a prolongated improvement in the job market.

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Today in Wall Street, the ’shelter’ currencies and the assets like the gold have won the pulse. The data on unemployment hasn’t been the only bad new today, the wholesale stocks in September decreased in September for the10th consecutive month while the sales increased more than the expected. According the data published by the Commerce Department, the wholesale inventories felt a 0,9% as the analysts expected.

In Wall Street, unemployment has been the key data, this tax rose from 9,8% to 10,2% a 26 years max, due to the destruction of 190,000 jobs, more than the 175000 expected by the analysts.

The investors of Wall Street are awaiting with some trust the release of the official unemployment report of the US corresponding to the month of October. In his forecasts they promised to wall Street and all the nation, the smallest employment destruction in more than a year, 175000 jobs.

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