Bad Economy, Good News

Posted by Admin

The last year or so has brought nothing but bad news to businessmen who depend upon a healthy economy. Unemployment has been rising, the stock market has been in freefall, and salaries are being cut–but some of that may be turning around. It seems there might be good news.

The unemployment rate dropped sharply last month, but employers continued cutting jobs in January as businesses remained insecure about the economic outlook.

The jobless rate fell to 9.7% from 10% in December, the Labor Department said Friday, because its survey of households found more people landed jobs than entered or returned to the labor market.

Certainly this is an improvement, let’s hope jobless rates continue to fall so the business atmosphere can improve.