Trades and observations from a British contrarian stock investor

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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.

Posted by Contrarian Investor UK at 2:00 PM
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