Friday, April 4, 2008
Unemployment Numbers Gived Mixed Information
--US Shed another 80k non-farm jobs in March, continuting a three month losing stream. It provided another solid clue that U.S economy is heading to recession. But average weekly earnings and worked hours all increased, indicating the demand of economy is not so weak.
--The unemployment claims in March exceeded 400k, the long-held triggering point to recession. But some economists explained the 400k is not longer appropriate given the increasd labor force.
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