Oil prices going down…
The latest job numbers did the trick
The oilprices are now under 40 dollar as the latest numbers from the jobmarket hit the streets today at 2.30 pm. The price on a barrel of WTI-oil fell by 4,8 percent reaching 39,70 dollar a barrel. This is the lowest prices on oli for a while. And this despite the gaz crisis in Eastern Europe.
Expected unemploymentrate
The american jobmarket report from december showed that the unemploymentrate had raised to 7,2 percent, which was much higher than the expected 7,0 percent.
Job losses in 2008
The report did further show that there had been a fall in the employment within the agricultural field on 524.000, which however was expected by the market. The US has lost 2,6 million job in 2008. This is the greatest fall since 1945. Many have in fact been comparing the financial situation with the dark years in the 30’ties.
Rock bottom
Analysts seem to think that the market has hit as deep as it would in 2008. Earlier it seemed that countries like Chine, Russia, India and Brasil was imune to financial crises, but also the theses has proven to be uncorrest.