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Unemployment drops to 9.7 percent

This morning's big news story was the 9.7% unemployment number, which is a drop from last month's figure of 10%.  

The drop was the first seen since the summer of 2008, but economists were mixed on whether the report indicates a trend of things to come.  

Most economists agree that the report has more good news than bad news.  One issue that is particularly troubling to some is the significant rise in temporary employment.  

Although this has historically been a sector that makes gains quicker than others, in this report in was the leader, which means less people are receiving benefits such as healthcare.  

The main take-away from the report is that economy is bouncing back, slowly but surely.  Employers are beginning to hire and job seekers are finding employment.  

Will it be fast enough to save President Obama and the democrats in November?  Only time will tell.

Comments

  • Sara 4 years ago

    Looking forward to seeing you write on some more controversial topics...

  • Bob 4 years ago

    I hate how elections are so often determined by the state of "the economy," when, in reality, the current economic problems are only in part due to political decisions, and to the extent that they are, they're usually due to decisions made at least one, if not two or three election cycles ago. Can we impeach (again) Bill Clinton now for repealing the Glass-Steagall Act? For it is that move, more than any other political move, that put us in our current economic position. So I'm glad Obama has been moving (in incremental steps) to restore the kind of financial regulation that was lost with that, but I'm afraid it's not nearly enough.

  • Luisa 4 years ago

    I like your writing style. It is easy to understand even for someone that doesn't really understand everything about politics. In fact, I find it educational. I enjoyed reading it and look forward to reading more so I can be up to date with politics.

    In regards to the article, even if there is only a noticeable difference in the temporary employment, this is a good sign. It means that people are bringing money home and paying their bills. This is a good sign of things to come. In conclusion, we have to be optimists and think that the situation is getting better and we will soon be back to normal.

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