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Forward: Unemployment Jumps Up to 7.9 Percent

moderateGuy Wrote: Feb 01, 2013 12:24 PM
The GDP during Reagan Recovery: "Starting in 1983 the quarterly growth rates were 5.1 percent, 9.3 percent, 8.1 percent and 8.5 percent, respectively. The 8 percent-plus growth rate continued into the first two quarters of 1984, before slowing to the 3.5 to 4 percent range.... The GDP growth rates for the years 1985 to 1988 were 4.1 percent, 3.5 percent, 3.2 percent and 4.1 percent. Quarterly growth rates ranged from a low of 1.6 percent to a high of 7 percent. Of the 16 calendar quarters during the four-year period, nine quarters had GDP growth between 3.1 and 5.5 percent."

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...

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