Friday, December 2, 2011

Unemployment rate drops to lowest since 2009

The Unemployment rate fell to 8.6%, lowest since 2009; let's not forget that the actual unemployment rate is much higher than announced. Holiday season can be the main factor for jobs growth in November, however, some companies have moved their manufacturing back to the states after the Chinese labor cost rose over the past couple of years.  Some economist believe this is the first sign of the light at the end of the tunnel. Others argue that while the economy of the globe is not growing, U.S. economy is stuck as well.
http://news.yahoo.com/unemployment-rate-drops-lowest-since-2009-190428198.html

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