Unemployment rate drops to 9.7% in January 2010
Economists and other financial experts across the nation were surprised to see the unemployment rate dropped to 9.7% in January 2010.
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There are two ways to find unemployment rate one is, the ten percent rate means that in 2010 there were about 6.3 million US citizens who were classified as "long-term unemployed," that is, they were out of work for more than 30 weeks and another one is s figure which include the millions more who are "underemployed". So one both two be included in unemployment rate.
unemployment rate
title says it all
Let's see... the United States saw a loss of 4.2 million jobs last year, a very small percentage of those were hired into less paying jobs and that miraculously dropped our unemployment from a nationwide average percentage rate of 10+% last year to 9.7% this year. These numbers do not reflect those who have exceeded their benefits and no longer receive them, nor does it reflect those who haven't had a job yet, nor does it reflect those who were denied benefits because they didn't have enough.... More
this is great. the economy needed to have a rebound in job growth. also wall street had a better day than the other days for the past few weeks. i feel that with the number decreasing, that we are on the way to a better economy and hopefully more job growth. i do feel that we need to see the private sector being able to produce these jobs, but once that happens, we will see a greater decrease in the job deficit. hopefully obama gives some incentives for the private sector to be able to post up.... More
