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The Obama Administration & US Politics

Unemployment rate ticks up to 7.9%

As the 2012 election is now over, Barack Obama has won a second term. Many wonder how his policies, his administration, and how the entire political arena, will change our future.

Postby capricorn » Fri Feb 01, 2013 9:27 am

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"
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Postby greeney2 » Fri Feb 01, 2013 12:18 pm

Many states wish they were only 7.9%, many are much higher.
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Postby capricorn » Sat Feb 02, 2013 7:27 am

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.
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Postby capricorn » Fri Mar 01, 2013 9:01 am

Whoa... not good, and check out Spain :shock:

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
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Postby greeney2 » Sat Mar 02, 2013 10:43 am

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.
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