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Jobs Losses Dwindle as Unemployment Rate Drops
Made popular 2060 days ago in
Job losses shrank dramatically in July and the unemployment dipped slightly, bolstering hopes that the end of the recession is near.
Non-farm payrolls fell by 247,000 in July, the Labor Department reported this morning, far fewer than many economists had anticipated and the smallest decline since August 2008. That compares to a drop in non-farm payrolls of 443,000 in June.
The unemployment rate, which is based on a separate survey of U.S. households, edged down to 9.4 percent from 9.5 percent the previous month. An alternative measure of unemployment, which includes discouraged workers and those who still want a job but have stopped looking, edged down slightly last month from 16.5 to 16.3 percent.
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Employment recovery thanks to Obama policies...
This is not a scientific survey,
to learn more. Results may not total 100% due to rounding and voting descrepencies.
2059 days ago
He gets some credit but definitely not all of it. Under the final 6 months of Bush it was just going down the spiral.
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