The unemployment rate rose to 8.3% in July, but it’s probably the most hopeful jobs report in months.
For the first time in almost a year, the unemployment rate rose to 8.2% in May as the economic recovery appeared to not only slow but almost completely stall. And it gets worse.
Companies are hiring again. That’s the good news. The bad news is those hires might not be coming fast enough.
The good news is the economy is regaining its health. The bad news is it’s happening slowly. The worse news: That slow pace is here to stay.
Forget jobs. Where are the workers?
The unemployment rate rose and job growth was nearly non-existent in what was probably the most disappointing piece of economic news since the start of the recovery in mid-2009. The government …
If the economic news wasn’t bad enough after the release of yet another anemic jobs report, the highly influential global ratings agency Moody’s just announced that it was contemplating a downgrade of the U.S.’s credit rating.