The latest Economic Situation new release from BLS suggest the economic might take a while before getting to 9.0%.
Government statisticians say the unemployment rate fell by 0.4 percentage point to 9.4 percent in December, and nonfarm payroll employment increased by 103,000. Employment rose in leisure and hospitality and in health care but was little changed in other major industries.
Here is an interesting an interesting website about government statistics. The siteis maintained by John Williams.
Today I Learned
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"Beginning in the last decade of the 18th century, firewood output
increased from about 18% of GDP to just under 30% of GDP in the 1830s."
Source.
1 day ago
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