The unemployment rate drops to 9.4 percent — its lowest level in 19 months.
So what's the bad news?
There were only a small number of new jobs. The unemployment rate dropped because people gave up on their job searches!
And then there are those who are still 'employed' but only work 1 to 4 days a week. They still have a job - and a little pay is better than no pay. For every 10 of these, and I personally know many, there is the equivalency of 1 or 2 'unemployed.'
We are not out of this mess yet.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment