Job Recovery is Creeping Up on Us... Slowly


"Slowly I turned... step by step..." is more than just a line from a classic comedy routine these days. It could well be used to describe the oh-so-subtle turnaround of the U.S. unemployment situation. While today's jobs report shows that the unemployment rate dropped from 9.8 percent to 9.4 percent, fewer jobs than expected were created: Non-farm payrolls increased 103,000, substantially lower than economists' predictions of 175,000 additional jobs.