NEW YORK (Commodity Online): The Bureau of Labor Statistics reports that the American unemployment rate fell in December to 8.5%, and Peter Leeds, a widely followed analyst in penny stocks, expects that number to continue to decrease throughout the rest of 2012. It was also reported that the economy created 200,000 new jobs in the last month of the year, which puts the unemployment rate at it's lowest level since February, 2009, and it leaves 13.1 million Americans without work.
"America's corporations are sitting on $2 trillion in excess cash," explains Leeds. "That money is only now finding it's way back into the economy, and as it accelerates, the unemployment rate falls."
Based on thorough analysis by the Peter Leeds team, who continually uncover what they believe to be the best penny stocks for investors, they expect that cash to continue to return to the economy as corporations take advantage of acquisition targets and growth plans, which they have put off or delayed until now. The target unemployment rate calculated by his penny stocks team is 7.5%, and they expect the American economy to hit that level before the end of the year.
"We're always looking at fiscal trends," states Leeds, "and those trends help us identify which companies could excel, with our specialty and focus being on penny stocks specifically. There are always great penny stocks to invest in, and we're looking for those excellent opportunities which will arise as the trends go their way."
Leeds was quick to add that penny stocks are not for everyone, and only 5% of penny stocks that they review actually make their analysis cut. The best penny stocks are profiled to subscribers of the Peter Leeds Penny Stocks newsletter as penny stocks to buy, and published along with full reports and buy and sell price opinions.
While 90,000 new jobs are required each month just to cover population growth, according to the Bureau of Labor Statistics, the most recent figures show much better results than that, with 200,000 net newly employed for December. Leeds and his penny stocks analysis team are looking for even stronger employment figures for most months in the first quarter of 2012, potentially hitting an average of 300,000 per month.
"By the end of 2012, we're expecting to see unemployment bottom out at 7.5%," states Leeds, citing the calculations of his penny stocks team.
Peter Leeds is the publisher of the widely read penny stocks newsletter pennystocks.com and is also the author of "Invest in Penny Stocks”
