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Friday, February 05, 2010

Obama Unemployment: Rate Down, Job Creation Non-existent

The good news about today's unemployment numbers is that, at 9.7%, the headline at least looks good. The bad news is that the economy still cannot create jobs (I know, hard to believe, despite what Obama tells us). January has many seasonal factors which likely impacted the rate to appear better - and at least companies seem largely done with huge layoffs, but unfortunately, this Obamaconomy is still going nowhere fast.