Shrinking Unemployment Merely Cosmetic, Analysts Say

February 04, 2011   |   February 2011 Bond Updates
The highly anticipated employment report from the Bureau of Labor Statistics sent mixed signals Friday.  While the unemployment rate fell to 9% from 9.4%, hiring disappointed, with nonfarm payrolls adding only 36,000 workers in January.  Several analysts said specific factors such as inclement weather and a greater proportion of discouraged workers were largely responsible for the month?s changes, and that labor markets still face an arduous uphill battle to recover the more than 8 million jobs lost during the recession.

View more at: http://blogs.forbes.com/afontevecchia/2011/02/04/shrinking-unemployment-merely-cosmetic-analysts-say/
 
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