Unemployment Rate Falls to 10 Percent. Vault Readers Call It

Unemployment Rate Falls to 10 Percent. Vault Readers Call ItUnemployment Rate Falls to 10 Percent. Vault Readers Call ItWhichever, well take it for now. The job shrinkage figure is the lowest since December 2007- the month the recession officially began. And, after watching the figure climb for so long, even a plateau would have been welcome this month. A fall, then- however modest- is all the more welcome.Its important, however, not to read too much into the figure at this stage. As the graph below shows, slight corrections arent unheard of in this recession- indeed, we belastung saw one as recently as July, only to see a spike the following month.By the way, the poll we conducted on jobseeker sentiment back in November suggested that the market was either plateauing or getting easier. Id love to take the credit on being proved right, but the poll didnt reflect my opinion- it reflected the opinions of Vault readers, so take a collective bow for your finger-on-the-pulsiness.-Posted b y Phil Stott, Vault.com