Silver Lining in the Unemployment Numbers

Friday, September 03, 2010

Private employers hired more workers during the past three months than previously thought, adding 67,00 workers in August. However, this was not enough to keep unemployment from growing. The latest jobless numbers shows that unemployment hit 9.6 percent last month. Charlie Herman, The Takeaway and WNYC's economics editor explains what this means for the economy and for the workers who still have jobs.

Worth noting in these job numbers is that 300,000 people have taken up the job search again. Since you have to be actively looking for a job in order to be counted as unemployed, it's possible that this indicates that people are beginning to believe that there are jobs to gain again.

Guests:

Charlie Herman

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