Wednesday, October 27, 2010

US unemployment holds at 9.7 %

8:37 a.m. April 2, 2010

Despite rapid growth in the GDP U.S. unemployment unfortunately has held steady at 9.7 % in March. The broader U6 measure of unemployment which includes discouraged workers, those working part-time rather than full-time and other marginally attached workers still stands at 16.9 %. Employment was up in several sectors of the economy including government services, because of census hiring but the increases were not enough to lower the overall rate.

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