Investors worried about Rising Unemployment in the U.S.

The perpetrators of Wall Street, New York, now find it difficult to re-boost the stock price index significantly. Rally during the last six months, which raised the index by more than 45 percent, more weight to continue as investors realize the economic recovery in the United States (U.S.) is not as fast as expected.

The reason is, "We have no catalyst to boost prices in the market," said Brett D'Arcy, chief investment officer of CBIZ Wealth Management Group in San Diego. "We can only hope that the situation does not get worse before they move into a better direction," said D'Arcy.

On Wall Street, Monday, August 7, 2009 is the time off in order for Labor Day celebrations. However, the trade in this short week investors await economic reports from the U.S. Central Bank (Beige Report) and projection of the University of Michigan on consumer confidence in September.

In addition, investors are also awaiting the latest report on unemployment rate, which will be announced next Friday, and reports on retail sales and consumer spending levels. The third report in the past year become an important barometer for the market actors in the situation whether or not rapid economic recovery in the U.S..

Mike Rubino, CEO Rubino Financial Group in Troy, Michigan, considered that market participants are waiting for significant progress on reports drop in unemployment and rising levels of consumer spending. However, until now, the signs had not yet emerged.

"We assess the numbers this time even worse," Rubino said, referring to the continued increase in the unemployment rate. "We still continue to have problems with employment sector," said Rubino.

The proof, the U.S. Labor Department last Friday revealed that the unemployment rate in August remained up, even larger than the estimate of 9.4 percent in July to 9.7 percent. Nevertheless, there are encouraging reports that last month a little more new cases of termination of employment in the U.S..

"We really hope that the labor sector could be improved so that it can increase consumer spending," said Ingrid Nedershot, president Hendershot Investment in Bristow, Virginia. "If the unemployment rate continues to rise, recovery of [economic] will run sluggish," continued Nedershot