http://money.cnn.com/2013/05/02/news/economy/unemployment-benefits/
While expecting the opposite, the Labor and Industry Department is reporting that Unemployment claims have fallen 18,000 from last week, although the Unemployment Rate is expected to stay at 7.6%. Still, this is seen as a major deal by Economists, as 140,000 jobs were added in April, which is an increase from 88,000 in March.
Are these numbers deceiving? While 'only' 3 million people filed for unemployment during the week of April 20th, as of March, approximately 11.7 million people in the United States are still unemployed.
Personally, I still think it's an encouraging sign. While unemployment benefits have been cut and made more difficult to obtain, the change in number of claims filed now as compared to just 4 short years ago in March. In April, 324,000 filed initial claims. Compare this to March of 2009, when 670,000 people filed initial unemployment claims, and both the loss of jobs and the increase in jobs are a very encouraging sign.
What do you attribute the gain in jobs and decrease in Unemployment to?
Any other thoughts or discussion of the topic is encouraged.
While expecting the opposite, the Labor and Industry Department is reporting that Unemployment claims have fallen 18,000 from last week, although the Unemployment Rate is expected to stay at 7.6%. Still, this is seen as a major deal by Economists, as 140,000 jobs were added in April, which is an increase from 88,000 in March.
Are these numbers deceiving? While 'only' 3 million people filed for unemployment during the week of April 20th, as of March, approximately 11.7 million people in the United States are still unemployed.
Personally, I still think it's an encouraging sign. While unemployment benefits have been cut and made more difficult to obtain, the change in number of claims filed now as compared to just 4 short years ago in March. In April, 324,000 filed initial claims. Compare this to March of 2009, when 670,000 people filed initial unemployment claims, and both the loss of jobs and the increase in jobs are a very encouraging sign.
What do you attribute the gain in jobs and decrease in Unemployment to?
Any other thoughts or discussion of the topic is encouraged.