Rural Jobless Rate Rises to 8.4%

The jobless rate for rural counties rose to 8.4 percent in July 2012--lower than the 9.1 percent rate recorded a year ago, but continuing a trend that began in April of this year. Agricultural regions have suffered an unusually dry summer, in addition to economic problems shared in common with urban and suburban regions.

The news comes ahead of tomorrow's release of August employment data by the Bureau of Labor Statistics. Analysts are already predicting a slight rise in the unemployment rate, from 8.3 to 8.4 percent--though media outlets are already describing that rise as "steady" rather than an increase.


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“Every Asian market outside Sri Lanka retreated after Federal Reserve Chairman Ben S. Bernanke yesterday said a premature withdrawal of quantitative easing would put the U.S. economic recovery at risk,” Jonathan Burgos reports. What does this say about the US and, in particular, the policies of the Federal Open Market Committee, which are pretty much identical?

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