There is some mixed news on the jobs front. In April there were 290,000 new jobs created, but unemployment also jumped to 9.9%: More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market […]
That’s what leading economists are saying (via Cesca): The recovery is shaping up to be stronger than expected and there is little risk the economy will slip back into a recession, according to USA TODAY’s quarterly survey of 46 leading economists. Yet most still say the rebound will fall short of the sharp, V-shaped upturns […]
More bad economic news for the real people of America – the workers: The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain low until the labor market recovers. Payrolls fell […]
Yesterday the media was going on that we could hear the new unemployment numbers today and they very well could be above 10%, despite all the other signs of the contrary. Well take a look at this: WASHINGTON (AP) Payrolls drop by just 247,000; jobless rate falls to 9.4 percent, sign recession ending. The numbers […]