The unemployment rate in the U.S. is expected to remain well above 7 percent by the end of 2012 and throughout the term of the current U.S. president Barack Obama. It said Federal Reserve Chairman Ben Bernanke before Congress, said New York Times. He will need time to recover all the 8.5 million jobs, removed during the recession in the U.S. in 2008 and 2009. Ben Bernanke is concerned that the economic outlook and financial conditions in the country remain unusually uncertain, and warns that the fiscal crisis in Europe has become an obstacle to economic growth in recent months. Speaking on the occasion of his presentation was a semi-annual monetary policy report to the Federal Reserve to Congress. Analysts say his tone is become much more cautious than the presentation of the last report in February. Bernanke confirmed in his speech that the economic expansion that began in mid 2009, continues but with lower rates. That contributes significant support from governments and central banks with their common fiscal and monetary policy. He expects that the growing demand of households and businesses will help sustain growth, despite incentives from the government will have less effect.
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The U.S. indexes made a step backwards at the beginning of today’s session, which last for the current quarter after disappointing data on the labor market of today. They showed that employment in the private sector of the U.S. economy unexpectedly fell in March, with another 23 thousand people were unemployed. Market expectations were for an increase in the number of jobs by 40 thousand this month. Worse than expected and proved data on factory activity in the North Western United States, which slowed its pace of growth in March. The index of economic activity in the factory sector in the Chicago area dropped to 58.8 points in March to 62.6 in February. The indexes withdrew part of its initial decreases after it became clear that new orders for the production of manufactured goods rose for the sixth consecutive month in February. This is a good sign for the economy because it portends greater activity in the manufacturing sector in the coming months. The index that tracks the value of new factory orders rose by 0.6 percent compared to January when increased even more by 2.5% on a monthly basis. The index of 30 most traded companies with the highest market capitalization Dow Jones IA lost 0.1 percent to 10 891.7 points an hour after the start of the session. The broader S & P 500 gave up 0.1 percent to 1 171 points and Nasdaq Exchange Nasdaq Composite main index remained unchanged at 2 410.57 points.
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Disappointing data on the reduction of employment in the U.S. economy in December, however, failed to wipe out the economic optimism of investors. He was a driver of the rally on Wall Street over the past ten months, together with the measures of governments and central banks to combat the effects of financial and economic crisis. The next few weeks, will be much more dynamic with the beginning of the first corporation to the new year season. Three of the largest companies in the index of blue chip Dow Jones IA – Alcoa, Intel and JPMorgan Chase, will publish its financial results for the fourth quarter of last year over the next five days, police CNN. On the economic front, the most important will be data on retail sales in the U.S. in December, and those for consumer confidence, industrial output and trade balance. The indexes reached new 15-month highs earlier this year, their rally would depend largely on the financial performance of the stock companies that would be indicative of the actual state of the economy. For the last quarter of 2009 is expected to increase the profits of companies in the S & P 500 by over 200% yoy. However impressive forecast is due largely to the sharp deterioration in financial results over the last comparable quarter of 2008, when the crisis hit very companies most like those suffered from the automotive and financial sectors. Week, and corporate season will begin with reports of aluminum giant Alcoa, which is expected earnings per share of 6 cents to a loss of 28 cents a year ago. On Tuesday, after the end of the session and the results will come out of the technology company Intel, which is expected to more than seven times greater earnings per share from 30 cents.
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