Another first Friday of the month, another unemployment report. This one is a real mixed bag. First, the really bad news: The unemployment rate is 9.7% — the highest it has been since June, 1983. Unemployment creeped up from a rate of 9.4% in July, and many economists predict that it will top out at [...]
August unemployment report
The Department of Labor reported this morning that the number of layoffs slowed to a net total of 247,000 jobs lost in July — the fewest layoffs in a year and significantly less than the 320,000 that analysts were predicting. The unemployment rate also declined for the first time in 15 months by one-tenth of [...]
