[Cannon Shell]

Originally Posted by Riot

"The unemployment rate fell to 9.4 percent as the U.S. economy shed 247,000 jobs in July, the government announced on Friday morning. The drop -- the first in 15 months -- comes as a surprise; economists had expected the rate to rise to as high as 9.7 percent.

By a broader measure that includes people who've given up looking for work or who can't find full-time jobs, the unemployment rate fell to 16.3 percent, down from 16.5 percent in June."


'Zig, read this synopsis of the major economic indicators this guy has cobbled from Bloomberg, etc. We're not out, by any means, and won't be soon, but we are standing back from the precipice.

http://www.huffingtonpost.com/hale-s..._b_254600.html

The definition of a good week certainly has changed. Yeah we only lost a quarter of a million jobs last month! But thats better than last month!