The steady 9.7% unemployment rate is being interpreted on Wall Street as a sign that, as consumer demand stabilizes, businesses will begin hiring new employees again.
The steady 9.7% unemployment rate is being interpreted on Wall Street as a sign that, as consumer demand stabilizes, businesses will begin hiring new employees again. "The unemployment rate in the U.S. held at 9.7 percent in February and employers cut fewer jobs than anticipated, indicating improvement in the labor market even as East Coast blizzards forced temporary closings of some businesses. Payrolls dropped by 36,000 last month after a revised 26,000 decrease in January, a Labor Department report showed yesterday in Washington. The jobless rate, which has not increased since October, held at 9.7 percent, even as more people entered the workforce. Stocks and the dollar rallied while Treasuries fell as investors reckoned the economy would have added jobs were it not for seasonal snowfall records in cities including Baltimore and Philadelphia. The U.S. needs employment growth to sustain a recovery from a recession that has cost 8.4 million jobs since December 2007. 'The weather effects were enough to transform what would’ve been a positive into a negative,' said David Resler, chief economist at Nomura Securities International Inc. in New York, referring to payrolls. 'Job growth is happening as we speak. Companies are seeing a stabilization of demand.'"
SpaceX plans to launch about 12,000 internet-providing satellites into orbit over the next six years.
- SpaceX plans to launch 1,600 satellites over the next few years, and to complete its full network over the next six.
- Blanketing the globe with wireless internet-providing satellites could have big implications for financial institutions and people in rural areas.
- Some are concerned about the proliferation of space debris in Earth's orbit.
Protected animals are feared to be headed for the black market.
Here's the science of black holes, from supermassive monsters to ones the size of ping-pong balls.
- There's more than one way to make a black hole, says NASA's Michelle Thaller. They're not always formed from dead stars. For example, there are teeny tiny black holes all around us, the result of high-energy cosmic rays slamming into our atmosphere with enough force to cram matter together so densely that no light can escape.
- CERN is trying to create artificial black holes right now, but don't worry, it's not dangerous. Scientists there are attempting to smash two particles together with such intensity that it creates a black hole that would live for just a millionth of a second.
- Thaller uses a brilliant analogy involving a rubber sheet, a marble, and an elephant to explain why different black holes have varying densities. Watch and learn!
- Bonus fact: If the Earth became a black hole, it would be crushed to the size of a ping-pong ball.
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