Saturday, August 4, 2012

U.S. Jobs Report Came More Than Expected

In the latest jobs report, the U.S. economy has been able to add 163,000 jobs last month, July 2012. A significant improvement from last June's 64,000 figure.

Moreover, the number also exceeded much of the expectations of analysts who made a forecast figure of just 95,000.

Soon after the news release, stocks and the U.S. dollar rallied - showing much confidence to the U.S. economy as a currency safe haven.

Analysts are now saying that the improvement in hiring demonstrated a positive sign that the economy is slowly rising for the country.

The news also made up for the Federal Reserve disappointment on the lack of economic policy plans that was said last Wednesday.

Despite all the optimism, many investors are still waiting for Fed chairman Ben Bernanke to make a more concrete statement regarding the possibility of a quantitative easing by September.