US unemployment rate drops - good news!

The US has recorded a drop in the unemployment rate from 10.2% to 10% in November. That is good news for the USA and good news for the world economy. It is not (yet) good news for the 10% of the American population who still do not have a job. There are also many millions of people who are under-employed. It will take a significant period of time for the under-employed to return to a "normal" working week so the rate of decrease in the unemployment rate is likely to be slow even if the US economy sustains its current (early) signs of recovery. However, the trend is positive, worthy of acknowledgement and cause for hope in 2010 in the world's biggest economy.