- Prison Planet.com - http://www.prisonplanet.com -
US Unemployment Rises To 9 Per Cent
Posted By admin On May 6, 2011 @ 10:44 am In Money Watch | Comments Disabled
ABC News 
Friday, May 6, 2011
The nation’s unemployment rate – the result of a separate but simultaneously released survey of households instead of businesses – showed an uptick to 9.0 percent.
That “rate” translates into some 13.7 million Americans wanted to work last month but were unable to find any. That kind of move is statistically significant, and is likely the result of people who were discouraged (didn’t believe there was work available so they didn’t even look) coming back into the mix for a job.
Economists had been predicting a steady state of the unemployment rate at last month’s 8.8 percent, but because the move can likely be attributed to people coming back into the labor force after dropping out, it’s likely a good thing. Several are saying this move is an expected part of the “healing” of the jobs market.
Full story here. 
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/us-unemployment-rises-to-9-per-cent.html
URLs in this post:
 ABC News: http://blogs.abcnews.com/thenote/2011/05/jobs-numbers-explained-employers-add-244000-but-unemployment-ticks-up.html
 Image: http://purewaterfreedom.com/
 Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/
 169,000 Americans Drop Out of Labor Force in January As Unemployment Ticks Up: http://www.prisonplanet.com/169000-americans-drop-out-of-labor-force-in-january-as-unemployment-ticks-up.html
 California unemployment rises to 11.5% in May: http://www.prisonplanet.com/california-unemployment-rises-to-115-in-may.html
 U.S. unemployment hits record but job losses slow: http://www.prisonplanet.com/us-unemployment-hits-record-but-job-losses-slow.html
 Florida unemployment hit record 12.2 percent in February: http://www.prisonplanet.com/florida-unemployment-hit-record-12-2-percent-in-february.html
 Real Unemployment Rate 14.6 Percent in October: http://www.prisonplanet.com/real-unemployment-rate-14-6-percent-in-october.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.