Financial markets overview 08.10.2012

Last week, the main growth driver was statistical data on the US labor market. The majority of statistical indicators coming in the course of the previous week turned out to better than analysts expected. However, the biggest surprise was made on Friday, 5 October, when it was announced that the rate of unemployment in the US shrank from 8.1% in August to 7.8% in September. This news was so unexpected that mass media immediately began to discuss versions that the Government deliberately overstated statistical data, as well as drawbacks of the methodology that was used to determine the rate of unemployment by way of polling the public.

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