Friday, October 5, 2012

Drop In Jobless Rate May Mask Anemic Private Payroll Gains | RTTNews Daily Market Analysis, October 5th, 2012.

The major U.S. index futures are pointing to a higher opening on Friday, with sentiment expected to get a lift from the U.S. non-farm payrolls report for September, which showed job growth in line with expectations. Meanwhile, the jobless rate eased notably due to a strong increase in the household survey. The peripheral facts of the report could trigger strong buying early in the session. A detailed analysis of the report showed that private payroll gains were weaker than exp

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