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Jobless Rate Falls, But Most Don't Expect It To Last

AFCHIEF Wrote: Dec 04, 2009 7:27 PM

The 2008 financial crisis began with the sub-prime housing market collapse and spread through the banking system and financial institutions like wildfire. Obama's solution was to use the TARP and bailouts, not to freeze up credit for main street, but to reward his Wall Street highrollers with unprecedented sweetheart deals and cozy bonuses. Thus, the candidate of "hope and change" not only maintained Bush's spending polcies, he accelerated it to unprecedented levels.

Barak the Commoner's porkulous package devulved into a socialist spending spree that would make Europeans proud.

So much for the man of the people, Barak the Commoner.

And yet we now know our economic problems are being exponentially...

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Jobless Rate Falls, But Most Don't Expect It To Last

The unemployment rate is at 10% for November, down from 10.2% in October, but analysts still think the rate will head north because the economy can't generate enough jobs. Still, the news is heartening:

The economy shed 11,000 jobs last month, an improvement from October's revised total of 111,000, the Labor Department said Friday. That's much better than the 130,000 Wall Street economists expected.

...The average work week rose to 33.2 hours, from a record low of 33 hours. Economists expect employers will increase hours for their current workers before hiring new ones.

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