Friday, November 4, 2011

Unemployment Drops

News from this month just came in that America has dropped the unemployment rate down to 9% by adding about 80,000 jobs this last month says this Dallas morning news article. This is a good amount of growth coming from the august and September combined made 102,000 jobs. Also in the second quarter this year, almost 97,000 jobs were created for the complete second quarter. For the third time this year there are only less than 400,000 people that are unemployed. The increase is most likely helped by the growth of the economy in the third quarter. Although the unemployment rate is decreasing it can still not compete with the population growth in America. Employers are scared to hire people until the level of demand becomes steady. The Fed says that they expect the unemployment rate to reach about 8.6% by this time next year and remain steady for a while.

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