RJ and Makay

The government's report on jobs last Friday was mixed, showing a 0.4% drop in unemployment to 9% but without much jobs growth. Nevertheless, economists are forecasting that declines in the unemployment rate will soon be accelerating in the wake of a rallying stock market, strengthening dollar, and improving economy.

Goldman Sachs economists, for example, have adjusted their unemployment forecast for the end of this year downward from 9% to 8.6%. Unemployment will be 8% in 2012 rather than 8.3%, they also predict.

Investors across the globe have been favoring America lately. In November, worldwide demand for U.S. government bonds and other financial assets rose from October's levels as purchases by private investors offset record sales by foreign governments, the U.S. Treasury reports.

Indeed, net purchases of U.S. financial assets totaled more than $85 billion in November, the highest level since last August and far more than the net purchases of $28.9 billion in October. Net purchases by foreigners reached $39 billion compared with about $15 billion in October, the Treasury adds.