Friday, December 2, 2011
The unemployment rate has dropped to 8.6%, the lowest it has been since March 2009
While this is certainly good news, many of these new jobs may be related to the Christmas shopping season and so we may see an increase in the unemployment rate in the new year. Another contributing factor to the lower unemployment rate is the 315,000 people who stopped looking for work and are no longer counted as unemployed. Some 13.3 million Americans remain jobless.
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1 comment:
Watch. Every time figures are released like this, they are "revised" within a couple of weeks -- and it is Ifor the worst. (And that's not even mentionin that these fiures are due, not only to Xmas, but to so many people droppin off unemployment roles and givin up the job search.)
P.S. I give up -- 5 months till social security, an I
ll have to take it early, not wait till 70, as planne.)
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