Wow – Huge Drop in Unemployment Gains
One economist suggested bringing out the champagne and celebrating! And we definitely have more openings in digital media than candidates but let’s not get drunk on the news.
Unemployment claims are now at the lowest level since July 2008 – quite an accomplishment and we are looking forward to seeing the unemployment figures next week. Any guesses? We have been stuck at 9.6% for a while.
And Americans are spending again – as we approach the holiday weekend it will be very interesting to see the retail figures on Monday. Overall the news is good and moving in a positive direction. However housing/real estate is still weak and home values are declining in many cities.
Looking forward to making more steps toward a recovery as we approach 2011.