Experts Discuss the November Jobs Surprise

[guest]

BusinessWeek presents comments on the November jobs report from Wall Street economists on Dec. 4


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[mneilson]

I think the opinions expressed in "Business Week" by the international economists and financial experts are quite in line of expectations. The modest 11,000 declines in US non-farm payrolls in November, together with the dip in the unemployment rate to 10.0%, from 10.2% is encouraging. The signal is enough to understand that the economic recovery is gathering momentum.


Another significant development in US economy is, "the average working week rebounded to 33.2, from 33.0". The economic reforms of Obama administration have started showing results. This is just a beginning.