Unemployment fell in America shows recession is close to ending.In the Washington District, unemployment edged down from a seasonally adjusted rate of 10.9 percent to 10.6 percent, the Labor Department reported.
More than 13,000 jobs were added to District payrolls last month, a larger number than for most states. City officials said the increase was largely due to the summer youth employment program. The District still leads the region in unemployment with a rate that remains significantly higher than it was a year ago, when it stood at 7 percent.
A growing number of economic forecasters are saying the worst recession of the post-World War II era is close to ending or has already ended. And the manufacturing sector has lately begun to show signs of stabilizing. But the labor market is likely to be weak well after the recession ends. The national unemployment rate edged down in July to 9.4 percent, from 9.5 percent, due in part to people leaving the workforce and not being counted as unemployed. The Labor Department data released Friday showed unemployment rose in 26 states. Jobs remain scarce, with six unemployed people for every opening and a record one out of every three unemployed people being out of work for 27 weeks or longer.
|
Set as favorite
Bookmark
Email this
Hits: 1241
Comments (0)

Write comment
Newer news items:
- 04/07/2010 01:33 - Considerations by employers before and after employee termination when doing business in China
- 03/03/2010 14:52 - Chinese jobs in los angeles Global Sourcing/ Import Export Chinese Coordinator
- 03/02/2010 13:38 - Salaries of new job in China
- 25/10/2009 15:11 - Health Insurance Costs CDHC convergence of three powerful trends
- 20/10/2009 06:41 - What should you do facing a layoff build up savings set up line of credit start looking for work join job-search group
Older news items:
- 13/07/2009 01:41 - How employers to pass through the economic downturn without layoffs
































