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Officially … adding more than 4,000 million jobs to the US labor market -03-07-2020

News Date: 3/7/2020 00:34:55
 

After the long collapse, the American labor market is achieving some relative recovery, as the number of added jobs yesterday reached 4,800 million jobs, which exceeded all expectations, and came as an unexpected surprise !

The US government data showed that the unemployment rate decreased, which estimated between 11% and 13%, while the number of people applying for benefits reached 1.427 million, compared to the expected ! It also mentioned the numbers of jobs added in manufacturing, which are about 356,000 to 250,000 new jobs.

The qualitative leap was accompanied by a rise in US stock indexes, to close higher and achieving the maximum gains, as the Dow Jones Industrial Average rose by 0.36% to 25832.02 points, while the Nasdaq index rose by 0.25% to 10210.01 points. On the other hand, the S&P 500 index increased by 0.45, recording 3130.09 points.

 

Japanese stock indices are high, with the Nikkei up 0.55% to 22266.91 points, and the broader Topix index has increased by 0.49% to 1550.38 points.

 

 Crude oil futures are also high, after being traded for the month of August at $ 40.39, they increased by 0.64%, and the price of Brent crude for the month of September rose by 0.60%, to be adopted at $ 42.88 a barrel $ 2.39, the difference between Brent and Crude Oil contracts.

In this regard, Citigroup analysts wrote about the possibility of Brent oil reaching a price of $ 45 a barrel in the long run !

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