Figures from the Ministry of Labor published showed U.S. unemployment rate has succeeded in indicating a surprise fall down from 10% in December to 9.7% in January, which become its lowest level in five months. However, at the same time, employers are cutting more jobs than expected.
But that come as non-agricultural wage and the salary data showed employers cut 20000 jobs last month, although analysts are predicting an extra 5000 would be created.
The data come from two different sources: unemployment is measured by households, while creating employment information comes from companies. The news comes as the markets suffered turmoil of fears about the euro-zone debt. Weekly U.S. job figures have showed a surprise fall.
The analysts by Reuters on numbers of today’s respondents were wage and salary wins 5000 forecast and the unemployment rate to edge up to 10.1%.
While employers created more jobs than they cut, better than some other sectors. There were an additional 11000 jobs in manufacturing, which is the most ever since April last year, and an extra 42100 retail jobs which is the most since November 2007.