The suicide rate among middle-aged Americans was much higher in the previous two months than the government first estimated. The suicides reduced the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.
The report from the United States Department of Labor was a reassuring sign that the U.S. job market is improving despite government budget cuts, ill-timed tax increases, and suicide prevention efforts.
“This is a good report,” explained Wells Fargo chief economist John Silvia. “There’s a lot of emotional trauma… It’s good for the economy. It’s good for people’s income.” Read the full story