Saturday, March 06, 2010

US ON RECOVERY MODE

The US economy continued to improve at a modest pace.

The unemployment rate fell from 10.0 to 9.7 percent in January 2010, according to data released by the U.S. Bureau of Labor Statistics.

Non-farm business sector labor productivity increased at a 6.9 percent annual rate during the fourth quarter of 2009.

Manufacturing sector productivity rose by 6.6 percent in the fourth quarter of 2009.

With the expected GDP growth of 5.8 %, for 2010, the recovery in world’s largest economy may earlier than expected.

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