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NEWS and REPORTS => World News => Topic started by: NewsCaster on Dec 05, 2010, 03:01 PM

Title: Obama Could Join the Jobless... How?
Post by: NewsCaster on Dec 05, 2010, 03:01 PM
"Sooner or later," Robert Louis Stevenson wrote in the mid 1800s, "everyone sits down to a banquet of consequences."

Peter Morici, an outspoken economics professor at the University of Maryland, suggests to me that President Obama is a prime candidate, following the highly disappointing November jobs report issued Friday by the Bureau of Labor Statistics.

The general expectation was that we'd see about 150,000 new job creations for the month following the addition of 151,000 in October, and that the jobless rate would remain at 9.6%. The experts fouled up again as only a sparse 39,000 jobs were added to the work force and the unemployment rate ran up to 9.8%.

Obama Could Join the Jobless (http://www.huffingtonpost.com/dan-dorfman/obama-could-join-the-jobl_b_792013.html)