Economy watch-U.S

Posted by | April 7, 2007 | blog, World | No Comments

This march did spell some good news to the U.S Economy, when the economy itself was in its rebound path from the recession that it had faced some time back. The unemployment rate did come down to 4.4% from the all time high of 4.5%, matching the trend that was prevelent in the May 1991. The payroll started increasing to 180,000 after a low of 113,000. With unemployment rate also low, this does spell a good awakening for the economy as such. Now with the unemployment rate low, increase in payrolls and betterment of wages, the Fed’s might not increase the rate. This might trigger some positive reaction in the market. But of course the ‘safe period’ which the economy was going through has ended and is now not in a much stable position with inflation threatening to increase at any moment!

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