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More on the US Unemployment Rate: Is it Getting Better?

December 19th, 2009 categories: For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV

CNNMoney.comThe balance has shifted: More states reported declining unemployment in November than posted increases.

The headline in  the CNNMoney.com article is this: "The unemployment rate is falling!" This is based on a US Department of Labor survey on state unemployment.

Here’s a few bullet points found in the article:

  • The national unemployment rate improved to 10% last month (it’s hard or us to think of a 10% unemployment as an improvement).
  • Joblessness fell in 36 states and the District of Columbia (the rate rose in eight states and held steady in six).
  • The last time unemployment rates declined in more states than they climbed was last April.
  • "It’s an encouraging sign that something different is happening," says an economist.
  • "The unemployment rate will climb and peak during the middle of 2010," says the same economist.

Full article here.

 

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This entry was posted on Saturday, December 19th, 2009 at 11:23 am and is filed under For Buyers, For Sellers, Lake Tahoe Real Estate, National real estate news, South Lake Tahoe, CA, Stateline, NV. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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