Encouraging Sign of Rebounding U.S. Economy: Unemployment Rate Drops Below 8%.

For the first time since President Barack Obama took office in January, 2009, the U.S. unemployment rate dipped below 8%. This was after an 873,000-person surge in the number of Americans who said they are employed.

Currently, 12.1 million people are unemployed in the United States, which brings the unemployment rate to 7.8%. For the past 43 months, the rate has consistently been over 8%.

According to the Labor Department, employers were able to add 114,000 jobs in September, along with a rise in wages.

This increase in available jobs in the job market is an encouraging sign for economists that the economy is slowly but steadily coming back. They point, in particular, to the 24 straight months in which jobs have been added.

To reach their conclusions, the Labor Department conducted a survey of some 60,000 households in which they asked the participants whether they had a job and if it was full or part time. They also conducted a second survey of nearly 140,000 businesses to determine whether jobs had been created or lost. A person who is “unemployed,” under the Department’s definition, is someone who is currently out of work and has actively sought a job in the past four weeks.

If you have suffered serious personal injuries in a Massachusetts work accident and are looking for an expert Massachusetts attorney to represent you, please call our Boston, MA worker’s compensation lawyers, Massachusetts personal injury attorneys or Boston, MA wrongful death lawyers 24/7 at 617-787-3700.

Our Massachusetts worker’s comp benefits attorneys, Boston personal injury lawyers and Boston, MA wrongful death lawyers will work diligently on your claim to ensure that you receive the Massachusetts worker’s compensation benefits and personal injury damages to which you are entitled.

Please call our Boston, MA law firm 24 hours a day, 7 days a week, at 617-787-3700 or email our expert Boston, MA lawyers at info@gilhoylaw.com.

Call or email today for your free and confidential consultation. Your needs are our top priority!

This entry was posted in Boston Employment Law Lawyer, Boston Personal Injury Lawyer, Boston Workers Compensation Benefits Lawyer, Boston Workers Compensation Lawyer. Bookmark the permalink.

Leave a Reply