US dollar gets boost from lowest jobless rate in 5.5 years

by gracecheng | November 3, 2006 at 07:39 am
191 views | 0 Recommendations | 0 comments

A drop in the unemployment rate to its lowest level in 5 and 1/2 years,
coupled with the large upward revision to September job gains, imparts
a positive spin to the employment situation.October payrolls are up by
92K, less than the 125K gain expected by the market. But that less than
favorable news is blunted by the drop in the unemployment rate to 4.4%,
versus..

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