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• U.S. upbeat data drive up oil prices
Saturday, January 7, 2012
Washington, New York, Ottawa - Reuters, UPI - boosted futures mix «Brent» and U.S. crude gains in volatile trading yesterday after a government report showed rising number of jobs in the United States more than expected and reduced unemployment to its lowest level since February (February 2009) . And increased blend «Brent» the contracts February 50 cents to 113.24 dollars a barrel, moving in a range between 112.12 and $ 113.68 dollars. The U.S. light crude gained in decades in February 60 cents to 102.41 dollars a barrel, moving in a range between 101.30 and $ 102.80 dollars.
And increased employment in the United States a strong pace last month, and unemployment fell to its lowest level in nearly three years at 8.5 percent, the strongest evidence to date on the acceleration of economic activity. According to the U.S. Department of Labor that the non-farm payrolls increased by 200 thousand jobs last month, the biggest gain in three months and exceed expectations of economists who were expecting 150 thousand only.
The U.S. economy needs to continue the current pace of job creation to prove that there is a strong recovery. The unemployment rate fell from 8.7% in November (November), the ratio was adjusted upward from 8.6 percent. And became the unemployment rate was the lowest since February 2009. But the Labor Department revised the number of jobs in October (October) and November that lowered them eight thousand jobs.
In a related development, the unemployment rate in Canada in December (December) increased by 0.1 percent on a monthly basis for up to 7.5 percent. He cited the report of the Agency for Statistics Canada «Stadtastics Canada» that the unemployment rate last month was 7.5 percent versus 7.4 percent in November. The agency noted that «the increase of 43 thousand part-time job in December, offset by decline of 26 thousand jobs full-time».
The report showed that on an annual basis, the rate of growth in employment of 1.2 percent or 199 thousand jobs, mostly in the first half of 2011. After a decline in recent months, increased employment in the industrial sector and 30 thousand jobs in December.
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Saturday, January 7, 2012
Washington, New York, Ottawa - Reuters, UPI - boosted futures mix «Brent» and U.S. crude gains in volatile trading yesterday after a government report showed rising number of jobs in the United States more than expected and reduced unemployment to its lowest level since February (February 2009) . And increased blend «Brent» the contracts February 50 cents to 113.24 dollars a barrel, moving in a range between 112.12 and $ 113.68 dollars. The U.S. light crude gained in decades in February 60 cents to 102.41 dollars a barrel, moving in a range between 101.30 and $ 102.80 dollars.
And increased employment in the United States a strong pace last month, and unemployment fell to its lowest level in nearly three years at 8.5 percent, the strongest evidence to date on the acceleration of economic activity. According to the U.S. Department of Labor that the non-farm payrolls increased by 200 thousand jobs last month, the biggest gain in three months and exceed expectations of economists who were expecting 150 thousand only.
The U.S. economy needs to continue the current pace of job creation to prove that there is a strong recovery. The unemployment rate fell from 8.7% in November (November), the ratio was adjusted upward from 8.6 percent. And became the unemployment rate was the lowest since February 2009. But the Labor Department revised the number of jobs in October (October) and November that lowered them eight thousand jobs.
In a related development, the unemployment rate in Canada in December (December) increased by 0.1 percent on a monthly basis for up to 7.5 percent. He cited the report of the Agency for Statistics Canada «Stadtastics Canada» that the unemployment rate last month was 7.5 percent versus 7.4 percent in November. The agency noted that «the increase of 43 thousand part-time job in December, offset by decline of 26 thousand jobs full-time».
The report showed that on an annual basis, the rate of growth in employment of 1.2 percent or 199 thousand jobs, mostly in the first half of 2011. After a decline in recent months, increased employment in the industrial sector and 30 thousand jobs in December.
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