Saturday, March 6, 2010

Unemployment Rate Unchanged

Pink SlipThe Department of Labor released its February unemployment figures yesterday, and the rate remained unchanged from the previous month at 9.7%.  There were still 36,000 job losses in February, but that was a big improvement from the previous year's 650,000 job losses and beat economists' projections.  However, 40% of the unemployment have been that way for at least six months and the underemployment rate ticked up slight to 16.8%.  More evidence that we may be slogging through the (hopefully) bottom and may start to see more improvement later in the year.


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