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VVance
1762 Posts |
 Posted - 01/04/2008 : 05:45:34 AM
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| http://biz.yahoo.com/ap/080104/economy.html |
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darkstar
15996 Posts |
Posted - 01/04/2008 : 05:53:25 AM
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<<<<The 5 percent rate is relatively low by historical standards. In the recession of the early 1980s, for example, the jobless rate reached double-digit levels.
Looks like we still have a long way to go before we use this is any type of indicator...I always think these snapshots in time in regard to employment are BS anyway... |
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VVance
1762 Posts |
Posted - 01/04/2008 : 06:07:09 AM
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| Actually, jobs numbers are usually interpreted as a lagging indicator. In this case, while only a snapshot of one month, it does confirm a slow down in the short term. The positive side of this....rates should trend down for now. |
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darkstar
15996 Posts |
Posted - 01/04/2008 : 06:09:52 AM
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There you go, God love ya for seeing the good side too!...Have a great weekend!...
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