Daily Archives: February 18, 2011

The US unemployment rate has dropped from 9.8 per cent to 9.0 per cent in the last two months, and there have been signs that private sector employment may soon be rising at about 200,000 per month. Admittedly, this improvement is still a very minor one compared to the massive deterioration in employment which occurred in 2008-09, when 8.5 m jobs were lost in the economy. But at least the change is now in the right direction. (See this earlier blog.) Read more