A loss of U.S. jobs worse than planned

In July, the U.S. lost 131 000 jobs, ie more than expected, official data showed on Friday, which account for a stable unemployment rate of 9.5%.
The nation lost jobs for the second consecutive month. The Labor Department report says there was a net loss of 131,000 jobs, when the median forecast was 87,000.
Those job losses were mainly in the public sector, in which the contract was not renewed temporarily to 143,000 people.
The private sector created 71 000 jobs, the report said. That figure is equivalent to 2.3 times the jobs created in the preceding month, but less than analysts anticipated (83,000).

The Labor Department revised the data for June. That month, which had become a record net loss of jobs after five months of job creation, was much worse than expected, as 221 000 jobs were lost, according to the revised estimate of ministry, ie 77% more than the initial figures.

Unemployment in the U.S. is stretched to 9.7%

In August the rate was three tenths higher than in July .- have been destroyed 216,000 jobs, far below the 276,000 last month.

Unemployment has gone up in the U.S. after a month of a slight relief. In August, unemployment has reached 9.7%, a rate not seen since 1983. Last July, the unemployment rate shrank slightly, tenth, and below expectations, stood at 9.4%.

Despite the spurt in the list of unemployed to 9.7% during the month of August have destroyed 216,000 jobs, a figure well below that recorded in July that ended with 276,000 fewer jobs (revised figure the initial 247,000). Throughout the crisis have destroyed 6.9 million jobs, the biggest loss of jobs since World War II.

In total, there are already in the U.S. 14.9 million unemployed, 7.4 only during the recession. The month of August has added 466,000 people to unemployment. The marginal rate of unemployment, which measures the incidence among those with temporary work or have stopped looking for jobs, stood at 16.8%, half a point more than in July.

Unemployment in the U.S.

If we take into account the experts' forecasts, unemployment is situated above expectations (9.5%), while job destruction has been below expectations (235,000) which is still hope on the future development of the situation. However, expert opinion is not very optimistic. "The high rates of unemployment will be with us for a while.'s Going to be a long, long time again until we have unemployment rates of 6 or 7%," says Michael Feroli, economiasta of JPMorgan Chase, in The New York Times.

The increase in the unemployment rate analysts are concerned by its potential impact on consumption, which accounts for 70% of the U.S. economy.

While waiting to know how the stock markets reflected the new unemployment figures in the U.S., the two benchmark indices, Nasdaq and Dow Jones, are held in a positive sign with slight increases approximately 0.2%.