The Black Vault

So, the unemployment rate again rises to 7.9%

In other news Obama has essentially fired his entire jobs counsel

Investor Business Daily wrote:as a typical Obama sign of his oft-repeated commitment to creating hundreds of thousands of new jobs, the Democrat hadn't even bothered to meet with his hand-picked group of business and union executives for more than half its life. Thanks, guys, you can go now.

With his last election almost three months behind, Obama need maintain the charade no longer.

Source - IBD: http://news.investors.com/politics-andr ... z2JfJdSLs4"

Many states wish they were only 7.9%, many are much higher.

I know it's sad. And furthermore, the unemployment rate doesn't even paint a near complete picture. The labor force is extremely weak and record number of people are below the poverty line and receiving welfare.

Whoa... not good, and check out Spain

Source: Associated Press
http://hosted.ap.org/dynamic/stories/E/ ... 1-05-37-55

Country/Region January 2012 - December 2012 - January 2013
Eurozone (17 countries) 10.8 - 11.8 - 11.9
Austria 4.0 - 4.7 - 4.9
Belgium 7.1 - 7.4 - 7.4
Cyprus 9.9 - 14.6 - 14.7
Estonia 11.1 - 9.9 - n/a
Finland 7.6 - 7.7 - 7.9
France 10.0 - 10.5 - 10.6
Germany 5.6 - 5.3 - 5.3
Greece 20.8 - n/a - n/a
Ireland 15.1 - 14.7 - 14.7
Italy 9.6 - 11.3 - 11.7
Luxembourg 4.9 - 5.2 - 5.3
Malta 6.2 - 6.8 - 7.0
Netherlands 5.0 - 5.8 - 6.0
Portugal 14.7 - 17.3 - 17.6
Slovakia 13.7 - 14.7 - 14.9
Slovenia 8.3 - 10.0 - 10.2
Spain 23.6 - 26.1 - 26.2
European Union(27 countries) 10.1 - 10.7 - 10.8
U.S. 8.3 - 7.8 - 7.9

Some people like our departed friend from Australia are rooting for the USA to fail totally. As bad as our numbers are, look at those European numbers, and imagine if the USA really did fail, how those numbers would be affected? Interesting how the countries on the Mediteranian are so much higher. Greece, Italy, Spain, France, Portugal, all very high.