Unemployment rate improves for those who most likely have a home or are buying a home in Irvine

Unemployment rate goes down when:



1.) more jobs are created

2.) unemployed people get discouraged and stop looking so they don't get counted anymore
 
[quote author="financeguy" date=1257578819]Initially I only noticed the 10.2% number, but unless I?m reading things wrong:



?For those with college degrees, the unemployment rate fell to 4.7% from 4.9% in September, as the unemployment rate for those in management, professional, and related occupations slipped to 4.7% from 5.2%.? = more demand



http://money.cnn.com/2009/11/06/news/economy/jobs_october/index.htm?postversion=2009110608</blockquote>


Increasingly former high wage earners are taking low pay jobs. Check out U6 unemployment which includes the marginally employed, discouraged job seekers, both of which are excluded from the reported unemployment figure. Trust me, there is no good news in employment right now, unless you work on Wall Street.
 
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