Don’t get too jazzed about the dip from 9.5% to 9.4% unemployment. We’re still going to 10% and above says The White House, which may be trying to downplay expectations.
Still, the fact that this is now being talked about is impressive. It was always seen as a foregone conclusion, and many thought that 12%-13% unemployment seemed like a slam dunk. On the other hand, as the unemployment rate is diminished somewhat as people lose benfits, we’re still a bit sceptical about what this number means.
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