Use, unemployment pushes down the stock markets – The Press

Use, unemployment pushes down the stock markets – The Press

After the collapse of yesterday, the stock market is able to hit the rebound, driven by data from the United States: the American economy has created 248,000 jobs in September, and the unemployment rate dropped to 5.9% . The result is better than expected by analysts, betting on 215,000 people and an unemployment rate still at 6.1%. The first effect was to give wings to the dollar: the euro fell below 1.26.

The reaction of European markets

Accelerate Piazza Affari (+ 1.1%) is now fixed above the 20,000 points. In the front row all the financial stocks, led by Intesa Sanpaolo, an increase of 3%. Contribute to the rebound, in addition to waiting for the non-farm payrolls, retail sales in the euro, increased by 1.2% in August compared to the previous month, more than expected, and 1.4% in ‘European Union, according to data released by Eurostat. On an annual basis the increase was 1.9% in the Eurozone and by 2.5% in the EU-28 A curb the increases, however, are the indices PMI services in France and Italy in September, which denote both a contraction in activity, while that of Germany indicates expansion at a rate higher than expected.

Unemployment to pre-crisis levels

The U.S. unemployment rate back below 6% for the first time since mid-2008 before the crisis. The construction industry has created 16,000 jobs, 81,000 while that of professional services in the health sector have been created 23,000 positions. The participation rate in the labor force has fallen to 62.7%, the lowest level since February 1978 Approximately 9.3 million Americans are in September to hunt for a job and 7.1 million are stuck in part-time jobs because they can not find a full-time job. The rate of under occupation, which includes part-time workers, not by choice, and the Americans too discouraged to look for work, fell to the lowest level since October 2008

Obama: “Now new stimulus to the manufacturing sector”

And President Obama today announced new stimulus to the economy. It is an initiative of the stimulus to the manufacturing sector: a tender for the allocation of $ 200 million in federal aid and private funds to establish an Integrated Photonics Manufacturing Institute. The institute, which will be coordinated by the Department of Defense, is the second of four innovation projects that are up for grabs this year in the United States. Tomorrow has been declared a National Manufacturing Day and administration officials will visit many manufacturing centers, with the president who will travel to Princeton in Indiana at the Millennium Steel. In all, more than 16,000 businesses will open their gates to the public on the occasion of the third national day of manufacturing.