Alberto Teixeira
alberto.teixeira@economico.pt
The decline in unemployment as a result of the creation of jobs reinforces signs of vitality of the world’s largest economy.
While the unemployment rate fell to 5.9% last month, the lowest level in six years, when the projections of economists pointed to what had remained at 6.1%, the creation of jobs proved more positive than expected.
According to Department of American Labor, 248 000 jobs were created in September, compared to 180 000 jobs created in the previous month. Economists had estimated an increase of 215,000 in payrolls.
“It seems we finished the third quarter with a solid tone,” said Sam Bullard, an economist at Wells Fargo, told Bloomberg. “This will prolong the trend of overall improvement we’ve seen since the beginning of the year.’s Economy is gaining more and more traction,” he added.
This occurs at a time when it nears the end of the third quantitative easing of the American Federal Reserve program since 2008 Their purpose was to purchase debt boost the economic recovery after the subprime crisis.
But as the USA were showing signs of improvement The central bank started to tighten its monetary policy, the next step is a gradual rise in interest rates, which are close to zero.
Given the divergence of monetary cycle between the USA and the area euro, as stressed yesterday Mario Draghi, President of the European Central Bank, the single currency sank more than 1% to $ 1.2527.
Meanwhile, the market for American futures points to a gap in Wall Street Bull.
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