BBC News: Reports that the US Unemployment rate has fallen from 9% to 8.6%. There are two themes here folks, there is the political and economic, the Obama Oval will be shouting this number for all its worth, that would be a mistake, on the political and economic front, if you look deep in the background as the did on Fox News, they found that the drop was due to the fact that over three hundred thousand Americans have stopped looking for work and the new jobs are in the services industries, thus what happens after Christmas, these short term contracts come to end, thus a spike in the rate can expected in January. This will look bad on the political front, the US voter will expect the unemployment rate to do down after the seasonal period, when that does not happen they will think they have been sold a lemon. On the economic front, there is the 15 trillion US debt, the US political system has still not come up with a plan. Think of these figures as a pre Christmas Party, then expect the hangover in the New Year folks. Also the Credit Card Bill.
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