Some Bright News in Today’s Labor Report
Submitted by CARPE DIEM
One bright spot in today’s BLS employment report is found in Table A-9 - the median duration of unemployment fell to a 15-month low of 8.1 weeks in March 2008, the lowest level since December 2006, and matches the third lowest level in more than six years (see graph above). That means that 50% of those unemployed are finding employment within about two months, one of the lowest levels since 2001!
Visit 1800blogger to see all of our industry leading blogs.
[?]
Are you an investor? Have something you want to say about the economy? Register on Econoimist Blog now and get published within minutes. Before posting, it is recommended that you review our posting guidelines.
