Today in the economy

[CGM]

3/6/09


--------------------------------------------------------------------

USA - Unemployment Rate

Actual8.10%|Forecast7.90%|Previous7.60%

Determines the percentage of total work force that is unemployed and actively seeking employment during the last quarter. A downward trend has a positive effect on the nation's currency as working people tend to spend more money, and consumption makes up a large portion of GDP.

This strikes me as a bit of a sloppy statement. For starters it is not exactly clear what they mean by "a positive effect on the nation's currency" Maybe an inverse relationship between the unemployment rate and the exchange rate can be described, but they sure haven't done it here.