It is good to see that unemployment numbers are decreasing and more jobs are opening in our economy. This is great news for all of us seniors and gives us a glipse of hope that we can obtain a job shortly after graduation.
Sunday, November 6, 2011
October jobs report hints at improvement
Last month, 80,000 new jobs were created by employers in the United States. Unemployment had been at 9.1% for the previous 4 months but is now down to 9% after the October numbers. Diane Swonk, chief economist at Mesirow Financial, believes that this could be a sign of improvement for the near future in the United Sates. Although it currently remains slow, the unemployment appears to be falling slowly and indicating that our economy is heading back into the direction it needs to go. Unemployment remains the backbone of the economy and as long as we can see an increase in unemployment, there is hope that our economy can get heading back to where it needs to be.
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I hope the unemployment rate keep on decreasing even if its at a slow rate. We don't want the rate to fluctuate.
ReplyDeleteThousands more jobs need to be created to lower the unemployment rate even more. Im eager to see how long will this take for US to recover.