A Drop in Unemployment

December 4, 2009 at 8:07 pm Leave a comment

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.

Entry filed under: Market Conditions.

Investors Still Nervous about Stock Market November Monthly Commentary

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

Blog Author

Leon Shirman's long-term investment philosophy is summarized in his book, “42 Rules for Sensible Investing”, also available from Amazon.


Recent Posts

%d bloggers like this: