The unemployment rate finally fell below 9%, welcomes the Washington Post. Job creation, stagnant since the beginning of economic recovery finally seems to be at the rendezvous. According to the latest statistics from the Ministry of Labor, U.S. employers have in effect created 192,000 new jobs in February, a record since the start of the recession there are more than three years.
The daily Washington sees this as an encouraging sign, "showing that economic recovery is accelerating."
The daily Washington sees this as an encouraging sign, "showing that economic recovery is accelerating."
The economy needs to have jobs growing at this rate for awhile for a recovery to be certain. However the more looming problem is the long term effect unemployment on the level of children in poverty.
ReplyDeleteIntrinsic Value: Unemployment and Children poverty relationship