Unemployment Rates Hits 9.4 Percent

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The nation's unemployment rate rose again in May hitting 9.4 percent.
That is the highest rate in more than 25 years.

Still, many analysts are seeing signs that the recession is easing up.
The unemployment rate is called a "lagging indicator" because it often does not start falling until a recession is over.
Businesses wait to make sure the economy is improving before they start hiring again.

Click the player to watch the CBN News report followed by an interview with Dan Gainor of Media Research Center's Business and Culture Institute on the latest unemployment figures.

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