Report: Unemployment At Its Lowest Rate In Four Years
Written by Andrew Forgotch
Last updated on December 07, 2012 @ 9:29PM
Created on December 07, 2012 @ 7:42PM
On Friday officials released the latest unemployment numbers.
These numbers are at the lowest levels they've been at in four years. They're currently at 7.7%, which is down from last month when they were at 7.9%.
According to economists one of the reasons for this drop is that the number of people being counted as looking for a job is down. The report also mentions that about 147,000 jobs were added last month, and that seems to be a trend.
Eric Bowen, an economist at West Virginia University, said if the economy is going to turn around that need to keep happening.
"The job numbers were better than many economists had expected," Bowen said. "That certainly gives us some hope that things are turning around."
However some, like Congressman David McKinley, said they aren't growing as fast as he would like.
McKinley told Metronews that the growth rate needs to be two to three times more than what it was last month.
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