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US economy improving, stronger jobs growth: Expert

Washington, Mon, 06 Feb 2012 ANI

Washington, Feb.6 (ANI): Charles Schwab Chief Investment Strategist Liz Ann Sonders believes that the American economy is improving, and the potential for giving jobs to the unemployed is getting stronger.


"Its pretty close to great. What was unique about this month relative to past months is there was not much you could follow (with the word 'but'). This time it was strength across the board, and that made it particularly unique relative to recent trends," CBS News quoted Sonders, as saying.


"Most of the leading indicators suggest continued strong job growth. In fact, one of the interesting things about the number - particularly yesterday, but in general, is there are two numbers used to create the numbers we get on a monthly basis. There's the payroll survey, which is where we get that number of jobs lost or gained in each month. But then there's a household survey, a survey of 60,000 households, and that's where the unemployment rate is derived. That survey showed 631,000 jobs created last month. And that's good news, because it tends to lead the payroll survey," she added.


Sonders, however, said that there was more work to be done. (ANI)


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