Unemployment Falls to 9.4%
In December ’10, the U.S. economy ended the year by adding 103,000 jobs that month, and the umployment rate unexpectedly fell to 9.4%, it’s lowest since May ’09, cnnmoney.com reported today.
Also, many economists increased their predictions after ADP released a strong report showing private employers added 297,000 jobs to their payrolls.
Could this finally be the recovery we’ve all been hoping for, and we’ve been seeing in media? While there is definite hope for 2011, economists still caution that job gains will be gradual throughout the year; there’s still a long way to go to fully recovering.
Overall, 2010 finished out fairly strong, adding 1.1 million jobs. Good news, as we’ve already seen media making a gradual rebound.