Talk of The Villages Florida - View Single Post - Jobless Rate
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Old 08-07-2009, 02:59 PM
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Originally Posted by Villages Kahuna View Post
As long as the procedure and numbers included are consistent, the calculation of a "jobless rate" can be compared from one period to the next to determine a trend. That's the principal purpose of the number, not to measure precisely what the unemployment level is.

It looks like the recession has bottomed out and we may be on the way back up. Hopefully that's the case. The stock market is always a leading indicator of economic activity and it began it's climb out of the doldrums 3-4 months ago.
I agree, a lot of the indicators seem to point to a bottoming out of the recession. Time will tell, but it's certainly worth keeping an eye on. The optimist in me thinks a slight recovery has begun.