Reaction: Does a lower jobless rate mean recovery?

The U.S. unemployment rate dropped to 9.4 percent in July, even though many analysts expected it to rise. Do the latest unemployment figures indicate a recovery from the recession? Do you think the stimulus package has contributed to the drop in the unemployment rate? Are you more or less concerned about your job security than you were a few months ago?

Category:

News & Politics

Tags:

• UPI
• news
• economy
• unemployment
• recession
• jobs
• stimulus

[babyayr]

now you got it right I wish more people would see it like it is.

[ramusling]

How could the unemployment drop if some 300 thousand more jobs were shed in July? It is all made up numbers. It just depends on what type of unemployed you decide to count. I guess the real number when counting all jobless people would be like 14-15 percent and counting....... The only businesses making money are banks repossessing houses and wallstreet robbing through program trading......

[jailarson]

The government fudges numbers all the time. Why should we believe that the unemployment rate has gone down. In some areas they admit its over 15% which means its probably 20-25%.