The Pitch – What do you think the jobless numbers mean?
Jennifer McClelland | RSS | 2 Comments
What do you think the new unemployment numbers mean for us?
Question:
A few days ago, some really unimpressive unemployment numbers came out. The figures showed that unemployment was actually on the rise rather than falling like people thought they would. What do you think the new numbers mean for us and the economy?
Answer:
I think that the unemployment numbers will fluctuate for awhile no matter what is happening on “Wall Street.” The stock markets have been on a rise (even though it has hit a bit of a plateau recently) and consumer confidence numbers are also up (along with consumer spending). It will just take time for employment numbers to catch up.
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Tags: stock market, economy, jobless numbers
Steve | Fri, Jul 03 2009
I agree with you….real world is slower to react than financial one!!!
Jim | Mon, Jul 06 2009
The administration and Congress promised us that if the last stimulus bill was passed…we could hold the unemployment under 9% this year. Guess what? They were wrong. It is right near 10%!