Friday, January 6, 2012

Better employment news out of the US this morning

We got better employment news out of the US this morning with virtually every sector adding jobs. The unemployment rate was at 8.5% for Dec. There was virtually no change in average hourly earnings month over month and year over year. What does all this data really mean? I suspect the “good” employment news will excite politicians to come on TV and tell us how much better off we are now compared to a few months ago. The reality is that 8.5% unemployment is still very high and the economic growth have been less than stellar. Everyone continues to keep a close eye on the European situation and other potential bad economic developments out of China.

Last

%Change

Low

High

Au- Feb

1613.6

-0.40%

1609

1632.3

Pt-Apr

1405.4

-0.85%

1401.1

1423.9

Pd-Mar

623.7

-3.07%

621.10

642.55

Ag-Mar

28.745

-1.88%

28.570

29.460

London

AM

PM

Minor

PGMs

Au

1621

1616.5

Rh

1375

Pt

1417

1410

Ru

110

Pd

633

632

Ir

1100

Ag

29.4

DJI

12370.82

-44.88

*THESE PRICES ARE FOR INDICATION ONLY CALL FOR QUOTES

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