Thursday, March 24, 2011
Why Higher Unemployment Might Not Be a Bad Thing (U.S. News & World Report)
U.S. News & World Report - While still painfully high, unemployment has been creeping down gradually since November of last year, igniting hopes of a more robust economic recovery. February's national unemployment rate dipped to 8.9 percent (the lowest in 22 months), and employers added more than 190,000 jobs, the Bureau of Labor Statistics reported. However, despite more positive economic indicators and projections that the U.S. economy could grow by more than 2 percent in 2011, some economists say we could see a rise in unemployment--and it might not be a bad thing.
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