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Unemployment Hits 9.4 Percent

(Filed Under Financial and General Interest News). Despite hopeful signs in consumer spending during recent months, the unemployment rate posted only modest improvements during December 2010; falling 0.4 percentage points from the previous month to 9.4 percent.

Nonfarm payroll employment increased by 103,000, the U.S. Bureau of Labor Statistics reported last Friday. Most major industries, including retail and manufacturing, experienced little change, with the exception of hospitality and leisure, which gained a combined 47,000 jobs.

The New York Times reported said this numbers ended 2010 “on a disappointing note,” with a long, slow economic recovery likely.

more Financial and General Interest News >>

Published 01-10-2011 by Amanda Torres Price

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