The Labor Department reported Friday, 243,000 non-farm jobs created in January, the highest figure since April, and the unemployment rate down to 8 , 3%, its lowest level since February 2009.

Since August, the unemployment rate fell 0.8 percentage point.

Economists polled by Reuters on average expected 150,000 new jobs and an unemployment rate of 8.5%, as in December. 

The number of jobs created in December was revised up slightly to 203,000 against 200,000 announced last month, and November was revised in 157,000 net increase to 100,000 against.

The private sector has provided in January all new jobs with 257,000 positions created, a highest level since April, while the public sector by removing 14,000.

Moreover, the average hourly wage increased by four hundred, which should help to support consumption.

According to the report of the Department of Labor, the expected slowdown in U.S. economic growth in the first quarter has not yet had an effect on hiring decisions of firms. 

"It's a good surprise, and the first digit of the job that is really good since the recession," said Philippe Weber, studies and strategies in CPR AM.

These figures significantly better than expected gave a boost to equity markets in Europe and the dollar.

The Dow Jones opened up 0.55%, the S & P500 by 0.66% and the Nasdaq 1%.

"This is certainly a great support for the U.S. recovery and this suggests that the rebound is growing," said Brian Dolan, chief strategist at FOREX.com markets .. ……

WHAT IMPACT ON DECISIONS OF THE FED?

The Federal Reserve announced last week the probable continuation rates to near zero until at least late 2014, on behalf of a particular unemployment rate ; high unemployment. 

The Fed Chairman Ben Bernanke told to consider new measures to support the economy, but, faced with this recovery in the labor market, the leaders of The Fed may well turn back.

The U.S. central bank has already bought 2,300 billion in bonds to keep rates low and stimulate the economy.

The United States experienced a rapid growth year on year over the last three months of 2011 to 2.8%, against 1.8% last quarter. However, the recovery of stocks of companies accounted for two thirds of this increase, which should result in slower growth in the first quarter of 2012.

The fiscal crisis raging in Europe, where several states are already in recession, is expected to affect U.S. exports and thus hamper growth.

However, there are still some signs of strength in the U.S. economy, as auto sales strong in January, a manufacturing activity, which reached a high of seven months or even declining four weeks moving average of jobless claims.

However, there are still 19.3 million Americans unemployed or underemployed.

Remain reasons to be cautious. The unemployment rate did drop for the fifth consecutive month, but partly because of the abandonment of job searches by some Americans, tired of not finding work.

An index, which includes people who have stopped job searches and those working part time but would like to work more, stood at 15.1% in January against 15.2% in de ; December.

The commands in French industry, including export, fell sharply in September after several months of growth, even if they were up all over the third quarter, INSEE said on Friday. The industrial new orders (excluding transport equipment but including automotive) were down 3.1% from the previous month after rising 0.8% in August.

Those from abroad also recede, 2.7%, says the National Institute of Statistics and Economic Studies in a statement. The decrease is very strong in the automotive (-6.9%), pharmaceuticals (-8.3%), chemicals (-2.7%), paper and cardboard (-6.2%) and textile (-3.2%). Electrical equipment, electronic and computer were down 1.6%.

Last week, Germany's second largest bank, owned 25% by the German federal state, however, had said she would not resort to state aid.

"The third quarter results of Commerzbank highlight the growing challenge of strengthening its equity while the growth of its main activities pick up," reads a note from Fitch.

"Fitch expects that any additional capital are the result of the state."

Commerzbank declined to comment on this post.

Both ministers, however, did not disclose the concrete modalities of this cooperation, referring implicitly to announcements by the Meeting of Heads of State and Government of the G20 November 3 and 4, as offered by the French President and German Chancellor Angela Merkel on Sunday.

"We will over the coming days to continue our discussions but we already have on contractual agreements that will be very important," said Baroin.

"We have made good progress (today) on the path defined by the Chancellor and the President to find the terms of a comprehensive and sustainable package," he added.

The ultimate goal, he said, is to respond to markets on the stabilization of the euro area, the situation in Greece, the "maximization" of the European Financial Stability Fund (EFSF) and a capital contribution the weakest banks.

The hope for an early resolution of the crisis of sovereign debt in Europe has boosted the morale of the financial markets.

Around 3:40 p.m., the pan-European FTSEurofirst 300 index of 1.65% progressed.

In the United States, Wall Street opened up, supported by this perspective, the operators seemed not to worry, for now, a sovereign downgrade of Spain by Standard & Poor's.

"We have never been so close to a solution (the crisis)," responded David Thebault, head of quantitative trading at Global Equities.

"But this is not done yet.There is concern that the market takes it badly if there is no announcement of precise and detailed plan on October 23 (date of the next European Council-Ed) November 3, "he qualified.

PROTECT PRIVATE EURO

Wolfgang Schäuble has in turn ensured that France and Germany had a "common position" and expressed confidence that both countries can "protect the euro area".

Nicolas Sarkozy said Sunday that the compromise between Paris and Berlin on how and where the process was considered "complete", denying the reports of differences over the use of EFSF, now ratified by all member states of the area euro.

While the capital needs of European banks were estimated between 100 and 200 billion dollars by the International Monetary Fund, Angela Merkel stated that the new European Banking Authority and the IMF would be asked to ensure that what is proposed is "durable and strong."

Nicolas Sarkozy also said France and Germany were preparing a number of adaptations of European treaties to strengthen the integration of economic and monetary union.

The major French banks have seen their market value melted in recent weeks, partly because of the fear of the effects of the continuing crisis of debt in the euro area.

"Our banks are strong," said Valerie Pécresse, who is also Minister of the Budget, on LCI."There is no problem or solvency or liquidity of French banks."

It found that the volatility of financial markets in this regard was "part of the irrational."

Baroin told France Info radio that "the banks did not need to be recapitalized – so no debate superfluous – and have no difficulty with access to liquidity," central bankers said on Friday that G7 in Marseille they will provide the necessary liquidity if necessary.

"We must be confident," said Baroin.

"What is happening in the markets cause them to speed up what is called (rules) Basel Committee, which is an appointment of additional obligations to have equity in relation to their balance sheets that are higher. They have announced they do. "

The exposure of French banks to Greece is 8 billion euros, while profits in the first half were $ 11 billion, said Minister of Finance.

Christian Noyer, Governor of the Banque de France and member of the Governing Council of the European Central Bank, said this week that French banks were able to "go through a severe crisis."He said that other banks had more than 200 billion of collateral deposited with the Banque de France and not used.

Senior officials, however, urge the European financial ministers of the continent to strengthen bank capital, preventing a "systemic crisis" sovereign debt affects banks and raises the specter of a new credit crisis.

In documents prepared by those responsible for the Ecofin meeting of September 16 and 17, that Reuters was able to consult, it is referred to a "risk of a vicious circle between sovereign debt, the financing banks and the negative growth ", which can cause a credit freeze.

According to information from newspaper, without citing its sources, the board of directors of the Franco-Dutch company will review the draft July 27, before an announcement expected in September.

The Tribune adds that only half of the order, valued at EUR 25 billion at list prices, will be strong – 25 Airbus and 25 Boeing – while 50 other aircraft will be options.

One hundred MPs have launched a petition last month to urge Air France, which the state owns 15.7%, to choose the future long-haul Airbus A350 instead of the Boeing 787 "Dreamliner" for its next command.

The CEO of EADS, Louis Welsh replied that it was the only airlines to choose the aircraft they wish to order.

According to the Tribune, regardless of this tender, Air France has already ordered ten B787 rent to the leasing company ILFC on behalf of KLM.

The long-term lease, initially spent a few years ago with another leasing company, was then taken up by ILFC.

No comments could be obtained immediately from Air France.

This option, which would reduce consistently the debt burden through a Greek private sector, had already been discussed in early June before finally being discarded because it involved a "selective default" of Greece, which s' between the ECB and France.

"We need a private sector (…) which is different from a bank bailout.We have a model (the "bond swap") on the table that allows this, "the source said on the sidelines of the monthly meeting of the Eurogroup, which must make progress on the outlines of a second support plan for Greece .

The source also said that Germany considered "problematic" the option of a buyback by the Greek state, which implied a greater effort of public and private sector and the effect would be limited .

She finally explained that the French proposal for a "roll-over" of the Greek debt was no longer on the table "in its original form."

1 / 10

Previous Previous Next PauseSuivant

2 / 10

Previous Previous Next PauseSuivant

3 / 10

Previous Previous Next PauseSuivant

4 / 10

Previous Previous Next PauseSuivant

5 / 10

Previous Previous Next PauseSuivant

6 / 10

Previous Previous Next PauseSuivant

7 / 10

Previous Previous Next PauseSuivant

8 / 10

Previous Previous Next PauseSuivant

9 / 10

Previous Previous Next PauseSuivant

10 / 10

Previous Previous Next PauseSuivant

In 2007, the collective "Other unemployment figures (TDCA) was created to denounce the production manipulated the unemployment figures. After years of silence, the group again about him to point the association between abuse made some 440,000 unfilled vacancies and unemployment is voluntary. Knowing that there are 4.3 million people registered at job center. According to the collective, "despite massive job shortages the government's speech continues to stigmatize the unemployed."

Swelling the number of vacancies

A few weeks ago, the government pointed the finger at the number, he said, important jobs, ie jobs for which employers undertake active steps to search for candidates.The collective ACDC for his part said that the rate of job vacancies in France is only 0.4%, well below the European average, which itself amounts to 1.5% in the third quarter of 2010. That rate, calculated using the survey Acemo (Activity and conditions of employment of the workforce) conducted by Eurostat represents about 150,000 jobs. A figure well below the 440,000 unfilled bids put forward by the government, which is based on data center jobs. The organization collects in fact the number of offerings in which it subtracts the number of deals actually met.

Each job vacancy does not necessarily cover a real job offer

The explanation for this discrepancy by ACDC? Behind each proposed offer job center does not necessarily hide a real job and, for various reasons."Since the merger of ANPE and Assedic with the crisis, it is true that workers are overwhelmed employment center and focus most of their activity on the monitoring of job seekers. Renegotiating deals offered by Employers therefore is therefore not always possible, "said Sylvette Uzan-Chomat, Board Member National SNU employment center.

Thus, "we often find duplicates" she says. It also happens that employers maintain their offers, then they are already equipped to build up a portfolio of permanent candidates. There are also vacancies which are not, like proposals for self-entrepreneurship, for example. Finally, some deals remain online while employment is more due to bad weather, especially in construction and agriculture.

The existence of vacancies is not a problem in itself

According to the collective ACDC existence at a given moment of vacancies is not necessarily signal a problem. Indeed, a period of time necessary for employers to have time to fill a job offer. "It merely reflects the normal functioning of the labor market, on which there is still no instantaneous adjustment between supply and demand," says Pierre Concialdi, a researcher at the Institute of Economic and Social Research (IRES ).

Voluntary unemployment, a myth?

In summary, ACDC, the existence of vacancies does not reflect an unwillingness of the unemployed to work, as could suggest the government's demagogic statements. Indeed, the rate of the number of unemployed people who say they do not want to return to work immediately would be only 2% according to a study of the Dares.And, "this rate can be explained mainly by reasons of health," adds Sylvia Uzan-Chomat.

The group finally recalls that "more and more unemployed are encouraged to accept lack of a better odd jobs to poor working conditions and low wages." Today, the population of jobseekers eligible for compensation, 35% are in this situation. This percentage was below 10% in the 90's. The development of this category of "unemployed-workers" and refute the idea of ​​voluntary unemployment and would reflect the deteriorating quality of jobs offered by employers. "If there is no bad unemployed, there may be bad employers," concludes Pierre Concialdi.

The French Minister of Agriculture, Bruno Le Maire, said Monday he did not support the establishment of a "drought tax", while the government recognizes a crisis, and advocated for creation of a "High Level Group on Livestock in Europe" to reform the sector in depth.

"Quite frankly, I do not favor this kind of solutions, primarily because the French have enough taxes to pay, and secondly because we can imagine other forms of solidarity," saidThe Mayor.

FNSEA, the main French farmers' union, asked Friday that the state provides assistance to farmers, the first victims of drought, but had immediately dismissed the possibility of a new tax drought like the one decided in the heat of the Summer 1976.

"I do not honestly believe that this is the right solution. However, we must consider the consequences that we draw on the long term," said the minister.

"What we draw today is cash flow problems, we will respond to it feeding problems, we will respond as well, but it's also very deep problems" on the future of farmers "who say + but in the end, are we going to still exist a few years? '," said Mayor.

"I have therefore asked the European Commission, and I have the support of eleven Member States of the Union," the creation "very quickly" from a "High Level Group on Livestock in Europe" to identify "structural measures to be taken to keep livestock in Europe," he said.

The European Commissioner for Agriculture, Ciolos, announced Sunday the establishment of a working group to develop by late June proposals on the crisis affecting cattle ranchers. "A working group could be implemented quickly so that by the end of June, we can have the conclusions and proposals" which would be discussed in July by the Agriculture Ministers of 27 countries of the European Union, he said.

Mr.The Mayor reiterated that he would meet today "all the prefects to watch on a case by case, region by region, department by department, where the needs are, what are the greatest risks" because of the drought.

The Minister must also go Monday in Seine-et-Marne "to do with the grain contracts that they can make available to supply straw to livestock producers." "What I want to avoid is that there is speculation in the feed when there is drought. So I want to make sure the grain are well available to its contracts that will give all the assurances on the amount of straw available for farmers with a guaranteed price, "he said.

"Straw today is 25 euros per tonne, this should not be 50 euros or 60 euros a tonne, as it unfortunately exists in some parts of the territory," insisted the minister.