The job market news is not positive and that is the main reason why news media is not highlighting the recent 90,000 layoffs in US alone. This is a 44% increase from the first quarter of the year
2010 but the news is not welcomed by many as more job cuts are expected in the third and fourth quarter. A rise is seen when some private companies added 20,000 jobs but that is not enough for the downward job market trend.
It is analyzed that unemployment rate is 6% and job market being very strong but the question is for how long will the unemployment be faced by the people as the economy is moving downwards. Finance sector is the major sector which faced job cuts this year. In UK alone 8,000 job cuts has been witnessed and in US the job cut totals 19,000 in financial sector only. Financial sector is known to be the most critical sector of economy and any dramatic change in this sector indicates clear signs of danger. The biggest problem is that the governments are not taking this matter seriously and the news media is controlled by the government which helps in playing the same goal “not to create unemployment hype”. US job market is huge and those laid off can be switching jobs around other states but UK job market is different and the joblessness in UK is severe. The foreign students studying in Britain are jobless because the economy is a vacuum tube. learn more about UK Job Market


control, the stock markets rose slightly but investors are still unclear as China’s tighten monetary policy is slowing down the growth in that country.
issues unclear to investors. It is mainly due to US stock market downfall and euro zone crises which have made the precious metal and gasoline prices to fall.
the investors. Dow Jones have fallen more than 1000 points which is incredibly low after the 2007 recession. The market doesn’t seem to recover till the end of the month of May but mid of June would be a recovery period for NYSE. NASDAQ (IXIC) and S&P (GSCP) follow the downward trend of NYSE. Reuters name the fall of stock market as “correction” but this is not what market correction is. It is only because of Euro-Zone’s debt crises which could easily put the global economic crises into jeopardy.
near future, the gold will rise extensively as investors are likely to switch back to gold. The gold trade world-wide has increased because of Indian buyers. The major investment is not gold jewelry anymore, but is now treated as the only solid asset required by middle-class investors as well as foreign central banks.
This, not only effected dollar rates in Japan but signaled the Asian economy about the low spectrum of dollar downfall. The greenback is likely to fall until some serious measures are taken by the U.S. Govt. On the other hand, U.S. stock market gained as dollar weakened allowing investors to grow hopes and investments. The dollar declined to 93.15 yen from 93.21. The dollar dropped against the Swiss franc nearly one cent to 1.0663 from 1.0739 francs a day ago. The maturity came after guesswork increased about a looming EU verdict to execute a rescue package for Greece. The dollar also appears to be weaker when compared to the Canadian and the Australian dollars.
avoid further investments in euro, at least for six to eight months. The dollar rose to 0.9 percent marking its current position to $1.340. The dollar is now looked upon as safety currency because euro’s outlook is blurred, unclear and uncertain. It is very common amongst investors that when they become uncertain about investments, they try to invest in major currency which is now U.S. dollar after euro’s downfall.

