US Unemployment DOWN to 8.3%

Guardian: Reports on the downturn in US unemployment, the article states the following, “ …hiring in January and bringing the unemployment rate down for the fifth month in a row, to a three-year low of 8.3%. ”. This is good news for the Oval folks, it helps the Chicago Re-Elect Committee, but and there is always a BUT, the Congressional Budget Office has predicted that by Election Day the rate will be back up to 8.9% and going over the 9% in 2013. The CBO could be wrong, but what if they are right, it should be noted that past US unemployment figures have been low due to the fact that people have given up looking for work, what happens if they come back, YES the rate goes up. The Chicago Re-Elect Committee would have loved this news in September or October of this year, but to be fair it allows the Democrats to have a story arc, they can say that Oval is turning the economy around, that voters should trust President Obama and stick with him, lets see the unemployment over the next couple of months folks.