Archive for June 6th, 2008
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Good News in the Unemployment Numbers
Everyone is gnashing their teeth this morning because the unemployment rate jumped to 5.5%. But, they seem to be ignoring the other numbers. Yes, there was a shrinkage in non-farm payrolls. In May the job rolls shrank by 49,000 jobs.
BUT…
The expectation was a reduction of 60,000 jobs and the unemployment rate would be 5.1%
We had [...]
