Friday, December 2, 2011

Associated Press: 'Unemployment Drops to 8.6%'

Source:Associated Press- President Barack H. Obama (Democrat, Illinois)

"The U.S. unemployment rate fell last month to its lowest level in more than 21/2 years. More people out of work either found jobs or gave up looking and were no longer counted as unemployed. (Dec. 2)" 

We are finally starting to see some real good economic news as we close out 2011 and hopefully get off to a good start in 2012. And hopefully the 4th quarter (not in the football game, but in the economic growth rate) will look good as well. Maybe with the holiday season and everything else we'll hit 4% economic growth. And maybe we'll start to see jobs reports north of 150K maybe even 200K per month. 

But as the cheesy news reporter always says: Only time will tell. Back to you Bob." But when that starts to happen, our unemployment rate will stop dropping like rocks from a bridge. And we can finally put the Great Recession now three years old to bed. Actually four years depending on how you look at it, because economic growth started dropping in late 2007.

Liberal Democrat

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