Saturday 6 October 2012

US unemployment falls to lowest since January 2009

Economic data on Friday were mixed.

In the US, the unemployment rate fell to 7.8 percent in September. This was down by 0.3 percentage point from the previous month and its lowest level since January 2009.

The US economy added 114,000 workers in September while revisions added a combined 86,000 jobs to the prior two months.

In Japan, the index of coincident economic indicators fell 0.2 point in August. However, the index of leading economic indicators rose 0.6 point.

In Germany, factory orders fell 1.3 percent in August.

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