Floyd Norris

chief financial correspondent for The New York Times

Floyd Norris appears in the following:

What New Unemployment Numbers Say About the Economic Recovery

Friday, February 05, 2010

The unemployment rate for January dropped unexpectedly to 9.7 percent from 10 percent, even with 20,000 jobs lost. The Labor Department says that's because a survey of households found the number of employed Americans rose by half a million. It is projected that the unemployment rate will hover around eight percent until 2013. All this after the markets closed yesterday at the lowest levels so far this year.

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