← Back to All Videos

The Jobless Numbers Mixed Bag

Blog Aug 22, 2013

If one is using the jobless rate as an indicator of how well this year’s summer of recovery is doing, it is by no means a crystal clear picture. It is more like looking through a semi-transparent, smudged and grime be spotted window into our economic future.

Of all the fifty states the jobless rate fell in only eight of them. While it is true that the rate improved in 28 states that leaves eleven states that fell somewhere in the middle between getting better and getting worse.

On a national scale the jobless rate dropped to 7.4 percent for the month of July which is the best it has been since December of 2008. In large measure it was a result of people throwing in the towel in trying to get a job.

“The unemployment rate has been dropping since February in Mississippi. It’s just been little changes,” remarked Chief of Labor Market Information Mary Willoughby, observing that in the same time frame, there was a decline in the state’s labor force as well.

On a positive note, Georgia’s State Labor Commissioner Mark Butler commenting on his state’s jobless rate increase said, “The rate increased primarily because there was a significant number of new layoffs, and non-contract school employees remained unemployed because of the summer break. However, the vast majority of the layoffs were temporary, and the school employees are beginning to return to work.” If that is not quite a bright spot then perhaps a glimmer.

If the economic future look less than glimmering to you then perhaps it is time to consider the glimmer that can be found in owning precious metals. We here at ITM Trading are well versed in the economic panorama that lies before us as well as the benefits of buying gold coins and would welcome the opportunity of sharing our expertise with you. If this idea appeals to you please call us, toll free, at 1 888 OWN GOLD (1 888 696 4653).

Secure Your Future With Gold & Silver

Access expert advice and transparent pricing—backed by decades of leadership in retirement protection.
Schedule Strategy Call

Sources & References In This Article

Similar Posts

Blog Jun 2, 2025

$100 Billion ‘Ghost Field’ Discovery Could Power America for 30,000 Years

Learn More
Blog May 19, 2025

ECB Sounds Alarm on Gold Surge – Fears Will Trigger Financial Collapse

Learn More
Blog May 14, 2025

The Economic ‘Storm’ Will Get Worse: Is the U.S. Headed for a Radical Reset?

Learn More
Blog May 5, 2025

Will U.S. Basel III Unleash Gold? BIS’ New Reset Plan

Learn More
Blog Apr 30, 2025

China ‘In a Panic’ to Start War, The U.S. is Preparing : Gordon Chang

Learn More
Blog Apr 29, 2025

O’Leary: Mark Carney Faces ‘Hell of a Time’ Fixing Trudeau’s Economy, Sees Early Election

Learn More
Blog Apr 28, 2025

No Gold? You’re Doomed In The Reset War

Learn More
Blog Apr 25, 2025

Fed’s Desperate Bid to Stop Gold Price – Why it Will Backfire

Learn More