Jobs, unemployment, and the danger of the double dip
All eyes are on the Department of Labor’s monthly jobs report, scheduled to be released this morning. Economists predict the report will show small gains in the jobs market – between 40,000 and 70,000. But they are concerned that if job creation numbers are too low, the overall unemployment rate could still rise — making the report an indicator that the economy could be heading for a “double-dip” back into recession.
We are joined by Prof. William Rodgers, Chief Economist at Center for Workforce Development at Rutgers University.
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