For the first time in months, the national unemployment rate has dropped. Down to a "mere" 10%……..
But, as the Workplace Prof mentions, that does not mean it will continue to decrease. In fact, it might well increase before it decreases. Since, once things start looking better, folks who had given up will re-enter the workforce and start looking for work. When they re-enter the workforce, they will be counted as unemployed looking for work.
The good news for San Antonio is that our economy continues to perform well. San Antonio ranks second in the country for employment opportunities in the next economic quarter. In October, we had an unemployment rate of only 7%. I know people are still hurting, because that is who calls me. But, we are doing much better than other parts of the country.