The data on US unemployment are comforting and the stock market takes note of it, rewarding the new growth in jobs. Unemployment is in fact stuck at 5,8%, remaining at the lows of the pre-crisis 2008, while the number of employed grows beyond the already optimistic expectations of 235 new jobs, reaching 321. These latest data paint a positive picture for the US economy, which until last November created an average of 239 jobs a month, the peak of the last 15 years.
The data are not in contradiction but reveal how if on the one hand the employed have increased, on the other the number of those who are actively looking for work has also increased – denouncing a positive feeling of recovery. In addition, average hourly wages are also on the rise, growing by 0,4%. A possible confirmation of this trend could mean a surge in the dollar, which has already exceeded 120 yen, returning to its highest level since the last seven years and four months. In the meantime, the euro continues its descent – probably thanks to Draghi's words yesterday – back below 1,3 dollars ($1,2299) and close to 150 yen.
