Allen Sinai
I'm still a pessimistic optimist on this job marketPosted by Darin Manis on Dec 04, 2009 |
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The unemployment rate dropped from 10.2% to 10% for November. Economist thought that the rate would maintain 10.2% for November so the news I’m reading is overly positive about the .2% drop. Most of these same economist however thought the unemployment rate would peak at 10.2% in February of 2010 but we saw that number 4 months earlier in October of this year. So forgive me if I am cautiously optimistic.
