A Drop in Unemployment

Today, we had some really good news on unemployment.   Contrary to predictions of rising to 10.5% or even 11% rate, it unexpectedly dropped to 10%.  The economy did lose 11,000 jobs last month, but as you can see from the graph, it was the smallest amount since the recession began, and considerably smaller than estimated 125,000 loss.

The government also revised job loss amounts for the previous months downward.  If this trend continues, there is a very good chance that we will see job creation as soon as the end of this year or in January.

More details in this CNN Money article.