Quote:
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Originally Posted by Danzig
http://forecasts.org/unemploy.htm
Nonfarm payroll employment edged down (-85,000) in December, and the unemployment rate was unchanged at 10.0 percent.
In the week ending Jan. 9, the advance figure for seasonally adjusted initial claims was 444,000, an increase of 11,000 from the previous week's revised figure of 433,000
http://www.usnews.com/articles/news/...te-steady.html
Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 jobs in December even as the unemployment rate held at 10 percent. The rate would have been higher if more people had been looking for work instead of leaving the labor force because they can't find jobs.
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Rather than look at a few weeks, look at Chart 2 - this is what I am talking about :
http://globaleconomicanalysis.blogsp...ght-month.html
Unemployment is the lowest it's been since December 07 - March 08 figures.
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