This article out of China explains how in the recent months less and less Americans are requesting jobless benefits from government funded programs than in the past couple of years. After the Great Recession in 2008, the unemployment rate grew to 10%, one of the highest rates since the great depression. While the current rate has dropped to around 8%, this is dropping very, very slowly. This rate also under approximates the true unemployment rate in America, because it doesn't take into consideration the discouraged workers, or those who have given up looking. With more than 2000 American's dropping their request for federal aid in this tough employment time, America still has a long way to go to get to where we were at around 4-5% in the mid 2000s. The economy is on the upturn, but it still seems as if there is a steep hill ahead.
http://www.shanghaidaily.com/nsp/Business/2012/05/25/US%2Bsees%2Bmodest%2Bjob%2Bgrowth/
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