Trades and observations from a British contrarian stock investor

This blog is not intended to give financial advice. Before investing, do your own research and consult your financial adviser if appropriate. The accuracy of any information included is not guaranteed and may be subject to conjecture or interpretation by Contrarian Investor. Therefore visitors should validate all facts using alternative sources where possible.

Friday, February 4, 2011

U.S. jobs data shows recovery

Non farm payroll data just released at 1.30pm shows that U.S. unemployment rate fell to 9.0% in January against an expected 9.5% rate, as nonfarm payrolls rose by
36,000, against expectations of a 140,000 gain.

It shows that the U.S. economy continues to improve, with over a million jobs created since thespring of 2010. Wall street futures are up on the news which is seen bymarket watchers as a key data point.