Weekend recap
“In the context of a full-blooded recovery, this report is disappointing,” said Alan Ruskin, an economist with the Royal Bank of Scotland in Stamford, Conn. “We’re still clawing our way back.”
Taken from a New York Times article from the weekend after the Labor Department released August’s unemployment numbers. According to the report, unemployment went up to 9.7 percent and the net loss in jobs was 216,000 compared to 9.4 percent unemployment in July with a loss of 276,000 jobs.
Perhaps the most important thing to note was that while this month’s numbers are an improvement from earlier this year, they’re still indicating that while the economy may be expanding again, unemployment is going to continue to be a problem. A “jobless recovery” sounds pretty terrifying to say the least — especially for recent grads and seniors entering the workforce. What’s everyone in this position doing right now? Feel free to leave a comment!
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Feed for Two Cents
Delivering Pizzas.
That’s what Latin honors from a 20,000 dollar a year institution will get you these days.