Unemployment still to be a major challenge
It’s no wonder unemployed workers are getting discouraged: It’s never taken longer to find a new job.
The unemployment rate fell to 9.7% in January, its lowest level since August. But the duration of unemployment reached an all-time high, according to the Labor Department’s data, which dates back to 1948.
“While there are some positive signs in [...]
Creating More Jobs: Unemployment Rate Drops to 9.7%
The unemployment rate in the U.S. unexpectedly dropped to 9.7 percent in January, indicating the labor market may be poised to climb out of its deepest slump since World War II.
More than half a million Americans found work, a Labor Department report showed today in Washington, helping push the jobless rate to the lowest [...]
