The latest figures of U.S. employment for the month of January seem paradoxical. The unemployment rate fell to 9.7%, against 10% in December. Better than expected. But most companies have dismissed that hiring, the net destruction of reaching the 20,000 jobs over the month. Analysts had expected between 5,000 and 15,000 new jobs.
These two contradictory figures in fact derived from two studies of the U.S. Department of Labor, based on two different methods.The difference in trend indicates that employees are more numerous in January than in December, but they are less likely to occupy several positions simultaneously.
"If unemployment remains a serious problem, today's figures contain some encouraging signs for a resumption of gradual labor market," said the White House.
The U.S. administration has estimated that the employment situation has therefore remained "almost unchanged". In detail, the building was destroyed 75 payday loans for bad credit .000 Jobs, while industry and services have created respectively 11,000 and 48,000 positions.
Economists agree, though, that unemployment has peaked."The pace of job losses still slows significantly and the return of job creation in services and industry is good news," said John Thomas, for example, economist at Natixis.
The strong upward revisions in the number of job destruction in 2009, however, may worry. The December figure was revised sharply upward from 75% to 150,000 against 85,000 initially. At 12 months, are shedding 600,000 jobs that were added following the revisions of the statistics. This is does not affect the positive trend, according to Inna Mufteeva, economist at Natixis' share is only a point of reversal highest previously believed.
