Some good news on unemployment. It dropped a bit. But, the overall jobs picture doesn't seem to be improving:
The United States economy shed 20,000 jobs in January, the government said Friday, deepening concern that relief from the deepest economic downturn in a generation would be slow to come. But the unemployment rate fell to 9.7 percent from 10 percent in December.This is why all we'll hear from our elected officials is: Jobs, Jobs, Jobs. But, that talk has to turn to action -- and produce jobs, jobs, jobs.
As the broader economy gains steam and crucial sectors like manufacturing spring back to life, analysts say the recovery appears to be intact. But the nation’s stubbornly high unemployment rate remains a persistent thorn in the side of optimists, and economists expect the situation to worsen before it gets better.
Some forecasts call for the jobless rate to reach nearly 11 percent by year’s end, which would significantly dampen spending by consumers, a critical driver of growth. That has prompted concern that the economy could enter a period of extremely slow growth or even fall into another downturn.
If Republicans want to block and obstruct job creation, which they do, that has to be draped around all of their necks. The GOPers put politics over putting people back to work.
