Job losses in U.S. are softening. Nonfarm payrolls slid 345,000 in May, the U.S. Labor Department said today, well below the 525,000 decline economists in a Dow Jones Newswires survey had expected. This is the smallest drop since September 2008. Unemployment rate is increased by 0.5% to 9.4%. Still, declining job loss is the good sign for recovery.
Steve Jobs is coming back to Apple Inc according to Wall Street Journal. This news sent Apple shares higher today. When Steve Jobs left Apple on sick leave, Apple shareholders were anxious about the company’s performance. Luckily, Apple is doing great in spite of Steve Jobs’s absence.
Declining unemployment is the key to the recovery of economy. It’s slowly happening. Let us hope that this momentum stays in place for many months to come.
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[...] will highlight the next three months of the Recovery Act plan. Just last week the Labor Department reported that in May non farm payrolls fell by 345,000 and the jobless rate rose to 9.4%. While this is [...]