Quote:
Originally Posted by Ethersync
...and yet the unemployment rate remains 9.6%.
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Last I heard the rate in July was 9.7 and had hit 9.2% in Sept and held it in Oct, even though we added 150k jobs. 150k added is a net gain, but in the ratio of millions of jobs lost overall, it's a tiny gain. But that doesn't mean it isn't good. %'s really make no difference (most of those jobs will never return) we've dropped this year either way and increased jobs... not bad at all.
edit: went and looked, it is 9.6 - either way, point was it has dropped and net jobs have gone up. It's not huge, but anyone expecting it to be at this point, when some jobs are gone forever, would be crazy.