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Forward: Unemployment Jumps Up to 7.9 Percent

dschechinger Wrote: Feb 01, 2013 10:50 AM
Good explanation of how supply side works and tax and spend doesn't. We can only hope this president will be followed by a Republican. If the economy never comes back during Obama's second term, we will have a Republican president in 2016.

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