WalkingWithJesus -> Easing job losses point to wobbly recovery

Welcome Guest ( Log In | Register )

Resend Validation Email

WalkingWithJesus -> The Front Page -> Economics

Easing job losses point to wobbly recovery

Track this topic | Email this topic | Print this topic

Christopher

Posted: November 06, 2009 06:02 pm

Super Moderator

Group: Super Moderator
Posts: 16161
Member No.: 6
Joined: July 02, 2008

QUOTE

The economy is still shedding jobs, but at a much slower pace than at the height of the financial crisis this year, according to government figures released Friday. That bolsters the view that the economy is making a slow but steady recovery from the worst downturn in decades.

But for the nearly 16 million people out of a job, it hardly feels like a recovery.

Over the past three months, the economy has shed a net 188,000 jobs a month, down from a pace of 700,000 monthly early this year. As jobs continued to disappear the unemployment rate rose to 10.2 percent in October, up from 9.8 percent in September. It was the first time since 1983 the jobless rate topped 10 percent.

http://www.msnbc.msn.com/id/33720406/ns/bu...rsonal_finance/

--------------------

SisterNChrist	Posted: November 07, 2009 10:19 am
Elder Group: Members Posts: 7034 Member No.: 13 Joined: July 02, 2008	LIES!!! ALL LIES!!! Don't believe anything THIS sorry lame excuse for goverment says. -------------------- R.M.S. Queen Mary

1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)

0 Members:

« Next Oldest | Economics | Next Newest »