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Economic Update - Glimmers of Recovery on the Horizon PDF Print E-mail
Friday, 14 August 2009 11:20
In news that caught most everyone's attention on Friday, the U.S. Department of Labor said that the nation's unemployment rate actually went down 10 basis points in July, to 9.4 percent. It's being called a sign of stabilization because monthly changes in the unemployment rate that small tend to be revised out of existence eventually, but at this point, "stabilization" looks pretty good.




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