THE SHORT THAT GOT AWAY…. | Phil’s Stock World
I have a hard time imagining a scenario in which the unemployment rate drops below 8% by 2012 (others are far more pessimistic). According to recent data from the CBO and BLS the United States will have to create 225,000 jobs per month just to get the unemployment rate down to 8% by summer of 2012. That’s a fairly optimistic figure considering the current predicament. When President Obama entered office the unemployment rate was 7.7%.
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