Unemployment rate remains 9.7 percent

The unemployment rate has remained at 9.7 percent. Several economists felt that it would rise during this season, however it has remained the same and there has not been a loss of jobs according to several statistics. A lot of people felt that snowstorms would affect the job market, since people would not have a proper way to commute. Surprisingly, it has not been affected that much. The bureau was not able to figure out proper statistics to determine. Moreover, the amount of jobless claims has dropped recently which is great. Is this signs of improvement?

I think that this could be deemed as a sign of improvment. Winter is usually a time for people to lose jobs or experience a reduced salary. The snow does have an affect, but it was not able to be accounted for. Also, the jobless claims that went down is another good sign, since the government will not have to constantly send out more unemployment checks, and instead can use the money for possibly creating more jobs for many. Economists are hoping that the jobless claims goes lower than 400,000, they are very skeptical, because they think that by the end of this year the unemployment rate will rise to a high 10 percent.

http://voices.washingtonpost.com/economy-watch/2010/03/feb_unemployment_rate_remains.html?hpid=topnews&hpid=topnews