New economic figures: ‘non-end-of-the-world-data-flow’
The Fed yesterday called economic recovery “disappointingly slow,” but there may be some optimistic news out today. Unemployment numbers released today place the unemployment rate holding steady at 9.6 percent, but nonfarm payrolls are up 151,000. Yahoo Finance economics editor and columnist Dan Gross deciphers the numbers for us, and tells us about what he calls “non-end-of-the-world-data-flow.”
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