To the Point
Despite Drop in Unemployment Rate, Recovery Remains Slow
The Labor Department reports that the unemployment rate dropped to 9.7 percent last month, in an encouraging sign for economic recovery. But the economy still lost 20,000 jobs and market reaction today has been mixed.
By Matt Miller • • 1 min readThe Labor Department reports that the unemployment rate dropped to 9.7 percent last month, in an encouraging sign for economic recovery. But the economy still lost 20,000 jobs and market reaction today has been mixed. Michael Mandel, former chief economist at BusinessWeek magazine, is now editor in chief at Visible Economy, LLC, a new venture that combines news and education.
