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Blog: Unemployment Rate Down, Employment Rate about the Same!

Aug 07, 2013 | By Marge Clark, BVM

The unemployment rate dropped from 7.6 to 7.4% in July. That is good! Fewer people are applying for unemployment (UI) benefits. The reasons for the drop are not as encouraging. Job creation was less than expected. More people are dropping out of the ranks of those looking for work, or are among the long-term unemployed no longer eligible