|Photo by EIC|
SIX MORE QUARTERS OF RECESSION
Well, the groundhog came out of his hole yesterday, saw the jobless report, and began to cry...again...
The economy added only 157,000 new jobs in January and the unemployment rate climbed to 7.9%, the U-6 rate counting the underemployed and those who have simply given up sits at 14.4%. The GDP contracted by -0.1% when it was expected to only slow growth to 1%.