Excerpt from: US Markets
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| August 07, 2009 | | Jobless rate falls to 9.4% | There is some hope amongst analysts that the U.S. unemployment rate will
manage to avoid the dreaded double-digit rate. This hope has been
refreshed today after the latest unemployment numbers showed a drop
from 9.5% unemployment to 9.4%.
The
news comes as the official numbers for U.S. job losses in July come in.
This news is surprising, as many thought that the unemployment rate
would rise to 9.6%. The news shows that the rate of job loss is slowing, and may even be reversing. The Financial Times reports on the gathering optimism about the U.S. economy:
The slowing declines, combined with a small uptick in average weekly
hours worked from June’s lows, means that redundancies may be in
retreat, but “It’s another level of confidence that’s needed before
hiring can begin again,” said Alan Ruskin, a strategist at RBS on
Thursday.
| Topic Tags: employment, jobless rate, job loss, recession, spread bets, spread betting, U.S. economy, U.S. unemployment | |
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