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Forward: Unemployment Jumps Up to 7.9 Percent

Drifter33 Wrote: Feb 01, 2013 10:49 AM
The main thing that Obama COULD (but WON'T) do to "stimulate" our economy is to get his big, fat, bloated, out-of-control government out of the way. Roll back the dizzying and bewildering array of new regulations, new taxes, and new restrictions that his "czars" and their minions have been cranking out since he took office. The Obama Government is plainly causing matters to get worse, not better, and this president has no intention of stopping--he isn't finished "transforming" us yet.

The Bureau of Labor Statistics has released the latest unemployment numbers for January. The unemployment rate has jumped back up to 7.9 percent with just 157,000 jobs being added to the economy. The number of unemployed and under-employed persons still sits at an alarming number.

The number of unemployed persons, at 12.3 million, was little changed in January. The
unemployment rate was 7.9 percent and has been at or near that level since September 2012.

In January, the number of long-term unemployed (those jobless for 27 weeks or more) was
about unchanged...

Related Tags: Unemployment GDP jobless rate