Posted on 02/03/2004 12:46:00 PM PST by Oldeconomybuyer
Edited on 04/13/2004 2:45:42 AM PDT by Jim Robinson. [history]
BAGHDAD, Iraq (AP) -- Iraq's economy is showing signs of progress thanks in part to Iraqis living abroad, who have been sending $5 million a day to the country's private banks, senior officials of the U.S.-led coalition said Tuesday.
The officials, briefing reporters on condition they not be identified by name, said the employment rate in Iraq also has fallen significantly, from 50-70 percent at the time of the U.S. invasion last March to mid-20 percent now. That's largely because of new government jobs, the private sector's revival and jobs created by the coalition authority.
(Excerpt) Read more at sfgate.com ...
Doesn't he mean the "unemployment" rate has fallen?
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