Even Seasonally Adjusted, Unemployment Looks Better

by Benjamin Domenech on 11:21 am December 4, 2009

Unemployment falls to 10%, better than expected. “We are one step closer today to the stabilization of the labor market,” said Chris Rupkey of Bank of Tokyo Mitsubishi. “The massive job cuts during the financial crisis last fall were too aggressive and firms will need to rehire staff within the next couple of months.”

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