The nation’s unemployment rate was released this morning. It’s now at 9.4 percent, higher than economists (who never seem to get it right) had expected. Add in all the people who’ve given up looking for work (question: who has this luxury? If you give up looking for work, what your plan?), and the rate is 16.4 percent.
The worse the economy gets, the better for Wal-Mart.
Meanwhile, Wal-Mart announced this morning it’s going to add 22,000 jobs. The giant retailer is holding its annual shareholders meeting today. It’s available via Webcast and should be particularly enjoyable for anyone who regularly follows Up With People.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started the two most popular blogs in the history of MPR and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories but reflections , observations, and debate.