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US Unemployment Rises To 9 Per Cent

Posted By admin On May 6, 2011 @ 10:44 am In Money Watch | Comments Disabled

Dan Arnall
ABC News [1]
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. [1]

US Unemployment Rises To 9 Per Cent 260310banner2 [2]

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URLs in this post:

[1] ABC News: http://blogs.abcnews.com/thenote/2011/05/jobs-numbers-explained-employers-add-244000-but-unemployment-ticks-up.html

[2] Image: http://purewaterfreedom.com/

[3] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[4] 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

[5] California unemployment rises to 11.5% in May: http://www.prisonplanet.com/california-unemployment-rises-to-115-in-may.html

[6] U.S. unemployment hits record but job losses slow: http://www.prisonplanet.com/us-unemployment-hits-record-but-job-losses-slow.html

[7] Florida unemployment hit record 12.2 percent in February: http://www.prisonplanet.com/florida-unemployment-hit-record-12-2-percent-in-february.html

[8] Real Unemployment Rate 14.6 Percent in October: http://www.prisonplanet.com/real-unemployment-rate-14-6-percent-in-october.html

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