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Forward: Unemployment Jumps Up to 7.9 Percent

moderateGuy Wrote: Feb 01, 2013 12:32 PM
You have to measure that against the size of the GDP; when you get out of the third grade you may (or may not) learn that.

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