Friday, January 04, 2013

Still no recovery: Jobless rate remains at 7.8 percent

In a jobs report Reuters called "lackluster," the unemployment rate for December remained at 7.8 percent.

Reuters adds "'The U.S. economy is just muddling through,' said Tom di Galoma, managing director at Navigate Advisors in Stamford, Connecticut."

During the Democratic National Convention the word 'stimulus' was not uttered once. And I can't recall when President Obama said it during the campaign.

Full employment by most economic standards is a jobless rate of 5 percent.

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The Big Book of Jobs 2011-2012 By McGraw-Hill (COR) (Google Affiliate Ad)

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