Positive Job Loss Report, Stocks Rise - Forex Forum

FXexpert · #1 (**permalink**) 5th June 2009, 17:03

After a report showing the job market is beginning to improve, the stocks climbed higher Friday morning. The S&P gained 2 points, the Nasdaq gained 2 points and the Dow Jones 52 points. The positive job report had a significant effect on investor confidence, as gains are expected to continue.

The job report for May, which was predicted to show around 520,000 job losses, reported only 345,000.

JEAN · #2 (**permalink**) 5th June 2009, 17:36

The US unemployment rate beat expectations.
Current: 9.40%
Previous: 9.20%
Consensus: 8.90%

The EurUsd and the GbpUsd are declining, while the UsdJpy is climbing.

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