WASHINGTON (AP) - The unemployment rate hasn't topped 10 percent since June 1983, but it could return to that painful level soon - possibly as early as Friday, when the Labor Department issues its monthly jobs report.
Even as the economy shows signs of life, some employers are still cutting jobs, and many more are reluctant to hire after enduring the worst recession since the 1930s.
A return to 10 percent unemployment could pose political problems for President Barack Obama, who pushed through an ambitious $787 billion stimulus package in February intended to "save or create" 3.5 million jobs by the end of 2010. The administration said earlier this month about 1 million jobs have been saved so far. More here:
Ok, 787 billion saved 1 million jobs. By my calculations, that's $787,000 per job saved. If he keeps saving jobs, we'll ALL be broke. Oh, I'm sorry, we're already broke and just printing money to pay for it. That won't cause inflation will it?
This calculation took deep thought and advanced mathematics. That's probably why the libs can't undercapisky it.
Ok, 787 billion saved 1 million jobs. By my calculations, that's $787,000 per job saved. If he keeps saving jobs, we'll ALL be broke. Oh, I'm sorry, we're already broke and just printing money to pay for it. That won't cause inflation will it?This calculation took deep thought and advanced mathematics. That's probably why the libs can't undercapisky it.
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