Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0


http://www.abc.net.au/news/business/2002/03/item20020309064445_1.htm

Experts were expecting an increase but instead the unemployment rate has fallen to 5.5 per cent in February.

It is the first good news for job figures in seven months.

Analysts are now declaring the recession is dead, because economic growth figures are also buoyant.

US Federal Reserve Bank chairman Alan Greenspan said yesterday that he believes there are signs an economic recovery is underway.

Ironically, news of the improvement comes just as the US Congress has passed a controversial economic stimulus bill.

Congress has spent months wrangling over the bill, which President Bush called for post-September 11.

But the bill falls short of what President Bush wanted.

Three previous versions of the bill have already been blocked by the Senate but last night a revised package was passed.


It provides an injection of $80 billion over 10 years, which will go towards helping the unemployed and offering limited tax cuts to businesses.


JR
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.