Wednesday, October 23, 2013

Unemployment rate at 4 Years low

Since January 2009, U.S. unemployment rate falls to 7.2% which is the lowest rate  and it is a good start for the federal government after the shutdown. But as the main economic statement says, “The more the supply the low the payoff and vice versa”, reducing the payroll rate 1%, while Non-farm report shows a slide down by 12.4% , is the biggest since May this year.



After a sluggish period last week Gold rose 1.2% in minutes scoring nineteen days high $1335.2 per ounce, then retreated to $1329.85. Euro rose around 75 points reaching eight months high at the rate of 1.3742. And still going forward in narrow channel, in the same region Sterling got new high against U.S. Dollar at 1.6212, which may be the week’s early high.
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