Latest Unemployment Numbers
June 29, 2009 by admin
Filed under Current Unemployment
According to the Labor Department, June 2009’s payroll reductions were deeper than the 363,000 that econom
ists expected and average weekly earnings dropped to the lowest level in nearly a year.
However, the rise in the unemployment rate from 9.4 percent in May wasn’t as sharp as the expected 9.6 percent. Still, many economists predict the jobless rate will hit 10 percent this year, and keep rising into next year, before falling back.
All told, 14.7 million people were unemployed in June.
If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.5 percent in June, the highest on records dating to 1994.
I think the first comment does not give full credit to this service – itis not only helpful in identifying issues that need to be addressed it’s essential to anyone getting into the game of “business”.