The US Non-Farm Income Indicator

In the US, non farm payroll income indicator reflects the nation's economic wealth.

Any slide in this indicator will bring the bears to paw down Wall Street.

So what does the current non-farm income indicator tell us?

Firstly,US employers has shed nearly half a million jobs in June.

Secondly,the unemployment rate jumped to 9.5 per cent, the highest in nearly 26 years.

This certainly dampened early hopes that the recession might be abating and also signalled recovery will not be smooth sailing.

The world awaits for more data on this indicator in July.