In response to:

Forward: Unemployment Jumps Up to 7.9 Percent

Michael IL Wrote: Feb 01, 2013 10:22 AM
Sadly for many young Americans this will become the new "normal". They will never know the prosperity of the eighties and nineties that lasted even into the new millennium. Almost twenty-five years of continued economic growth due largely in part to the economic policy of Ron Reagan. (excuse me, "failed policies of the past") Our government has saddled the younger generation with a mountain of debt that can never be repaid. The new "normal" for them will be double digit unemployment, ever higher taxes and a shrinking economy brought on by the "failed policies of the present". So what do they do? Vote for more of the same, led down a garden path by the hollow promise of "Hope and Change" followed by "Forward".
clarityseeker2 Wrote: Feb 01, 2013 10:25 AM
Correct. This "new normal" is the built-in expectations in many European economies; GDP at or well below, 2%. Unemployment at or above these present levels...

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