Talk of The Villages Florida - View Single Post - Jobless Rate
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Old 08-07-2009, 02:54 PM
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Quote:
Originally Posted by cologal View Post
The unemployment rate, just annouced, dropped in July for the first time in 15 months 9.4% down from 9.5%

Good News

http://www.usatoday.com/
I agree that it is good news. However, let's take it with a bit of caution. The 0.1% change is well within the margin of error. It could easily be 9.6% and just as easily 9.2%. We have a habit of looking at numbers as truth without considering small things such as confidence levels and ranges. I truly hope we are seeing a bottoming out of the economy, but will hold off celebrating until we see much more evidence.