Unemployment Rate
Financial jobs picture slightly improvesPosted by RJ and Makay on May 04, 2012 |
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As the overall unemployment rate in April dipped slightly to 8.1% amid less-than-expected job gains, the financial activities supersector unemployment rate dropped to 5.5%, from 5.7 in March, according to the Bureau of Labor Statistics (BLS). The supersector gained 1,000 jobs month-to-month from 7,718,000 positions in March to 7,719,000 in April.
Financial sector shows job gains in MarchPosted by RJ and Makay on Apr 06, 2012 |
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While the overall unemployment rate in March dipped to 8.2% amid less-than-expected job gains, the financial activities supersector unemployment rate rose from 5.3% to 5.7%, according to the Bureau of Labor Statistics (BLS). However, the supersector gained 15,000 jobs month-to-month from 7,706,000 positions in February to 7,721,000 in March.
Economy’s recovery is not normalPosted by RJ and Makay on Apr 05, 2012 |
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While recent economic data has pointed to a firming economy on some fronts, studies by the International Monetary Fund show that recoveries from recessions characterized by severe financial crisis are different from recoveries out of more normal recessions. Aftermaths of financial crisis typically have more prolonged periods of high unemployment and depressed housing prices.
Winston Churchill (British Orator, Author and Prime Minister during World War II. 1874-1965)
