BBC News: Reports that in March the US added 120,000 jobs to the US economy and lowered the US unemployment rate from 8.3% to 8.2%. At first glance this looks like good news, but the jobs added is lower than expected, this could mean that the US Congressional Budget Office could be right that US unemployment could start to raise again by the November election. The CBO predicted that US unemployment could be back at around 9% in this time period. This would be a disaster for the Obama Oval, it would mean certain defeat, lets see what April brings, and if the March figures are revised up or down. The Republicans can use this perceived bad news to attack the Obama economy, while the Oval can argue that the trend is good and this is just a hiccup in the process. Lets see who right folks.
Friday, April 06, 2012
US Unemployment Rate down to 8.2%
BBC News: Reports that in March the US added 120,000 jobs to the US economy and lowered the US unemployment rate from 8.3% to 8.2%. At first glance this looks like good news, but the jobs added is lower than expected, this could mean that the US Congressional Budget Office could be right that US unemployment could start to raise again by the November election. The CBO predicted that US unemployment could be back at around 9% in this time period. This would be a disaster for the Obama Oval, it would mean certain defeat, lets see what April brings, and if the March figures are revised up or down. The Republicans can use this perceived bad news to attack the Obama economy, while the Oval can argue that the trend is good and this is just a hiccup in the process. Lets see who right folks.
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