Unemployment drops layoffs rise
New figures out this morning show the unemployment rate dropped to 9.5 percent, it’s lowest in almost a year. But this was driven mostly by a drop in people looking for work. Employers cut 125,000 jobs last month, which was the most since last October. New York Times finance reporter, Louise Story, breaks down the numbers. Louise reminds us that 8 milllion jobs have been lost since 2007 and that a real recovery will take years. She also looks at the effects of these numbers on the markets.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.