Asheville unemployment at 9%

Government reported today that the pace of job losses slowed in May – 345,000 as compared to 700,000 per month during the first quarter of the year.

In normal times, the loss of so many jobs in a single month would have been interpreted as a calamity. But 18 months into the longest recession since the 1930s, economists said the milder pace of job losses indicated that the economy was gradually leveling off as government stimulus money trickled out and businesses reined in their budgets and payrolls. “Things are still getting worse, but the pace of decline has slowed down,” said David Wyss, chief economist at Standard & Poor’s.

via U.S. Pace of Job Losses Slowed in May –

Here is a neat interactive chart showing U.S. employment over the past five years and especially how it has changed dramatically in the last year or so. Well worth watching.

Earlier this week, a Wall Street Journal blogger showed Asheville hovering arounnd 9% unemployment. In comparison, the latest government report says the jobless rate is 9.4% nationally, the highest in 25 years.

You can check out Iwanna’s job listings here. Be sure also to check out the new Iwanna Business & Agriculture section online and in print each week.


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