Unemployment rate falls to 9 percent; lowest since April of 2009
2010 was a difficult year for those looking for a new career with a high unemployment rate and a competitive job environment. Open job positions are getting flooded with a large amount of applications making it more difficult to get chosen. However, President Obama is proud to announce that the employment rate fell to 9% in January, down from 9.4% in December. This could be a good sign for the upcoming year with hopes that the unemployment rate continues to decline.
But it is not all good news; only 36,000 jobs were added overall. This is lower than projected, meaning that people may have dropped out of the job market. However, the White House is staying positive saying, “The 0.8 percentage decline in the unemployment rate over the past two months is a welcome development… However, the rate remains unacceptably high.” The Obama administration will continue to work towards a lower unemployment rate and more jobs being added.