Labor Department says unemployment numbers high in December

In November the US unemployment rate rose 9.8%, the highest rate since April, this is an increase from the 9.6% a rate recorded in the previous three months , raising fears about the strength of the economic recovery, the Labor Department said. Many discouraged workers gave up looking for new jobs altogether during the slump,…

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Slow US unemployment growth

No short term way to reduce the high US unemployment ,a top economic adviser to President Barack Obama ,Paul Voicker has said .For the next year or more he expects the growth to be slow. In an effort to boost growth and create jobs and trying to cut unemployment that stands at 9.6 percent, the…

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