News and Information

Unemployment Rate – 9% – Lowest Level in 2 Years

By In Uncategorized On February 4, 2011

Good news and bad today about unemployment.  First the good news – unemployment fell to 9% – lowest level in 2 years and a sign of good things to come.

However due to the weather fewer jobs were created than hoped for or needed.  Certain industries that are dependent on weather are down – construction and transportation.  However manufacturing increased by 49,000 jobs -biggest increase since 1998!  And retail is also up. 

Once the weather evens out and the NE and Midwest dig out, we hope to see a pick-up in hiring and jobs creation.