9.7%the current jobless rate, a five-month low source
Why this seems good After months of hovering over the 10% mark, it seems like (on the surface) we’re finally cutting into the economy’s debilitating factor. Obama has been feeling pressure on this for months now.
Why it really isn’t Payrolls still cut by 20,000 despite unemployment, which suggests that some people have stopped looking and are no longer counted. Also, some major industries are struggling, including construction.
Some promising signs Despite the job market’s mixed signals, there are signs the worst is over. Workweeks are longer, overtime is going up, more temps are getting work, and average earnings are up too. source
The Conference Board research group says its consumer confidence index is currently sitting at a 26-year low. We guess we can see it, but want to know how you’re feeling, personally. And since we can’t come to every one of your homes to ask you, a poll is the best way. So vote.
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