Unemployment Rise Shows Recession Far from Over
Perhaps the recession is far from over, but the unemployment rise isn't what shows it. Unemployment is a lagging economic indicator. It shows what employers were facing, not what they are facing. Yes, last month's increase in unemployment could mean less consumer spending for this month. Employers tend to cut jobs beyond the point at which an economy starts to turn around, though, so deciphering where we are right now from it is a foggy art at best.
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