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Substantial improvement in US unemployment situation [ClearOnMoney]
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Substantial improvement in US unemployment situation

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Commentary

Substantial improvement in US unemployment situation

6 Apr 2012 by Jim Fickett.

The official unemployment rate only declined a small amount – 8.3% to 8.2%. This alone could be noise. But the broader unemployment rate also declined, a little more substantially, from 14.9% to 14.5%. And more importantly, the decline in the unemployment rate was managed even while the number of those working part-time while desiring full-time work dropped quite significantly over the last few months. Finally, initial claims also continue to fall. Putting it all together, this is a substantial improvement in the overall situation.