Tuesday, February 7, 2012


Unemployment Rate Drops to 8.3%.

The Bureau of Labor Statistics released the numbers that the unemployment rate dropped two points from December. The lowest it’s been in three years, the rate that it was when Obama was elected into office. The small but optimistic drop rate gave investors on Wall Street spurts of buying helping up points on the Dow and Nasdaq. Obama said, “ The economy is growing stronger and the Recovery is speeding up”. Many believe this growth is to small to have significant impact on the economy that it's too soon to relax. To keep momentum we still have to create a lot more jobs.  I believe my classmates should read this because it gives many American’s hope that our economy is doing better. After all Unemployment affects  Americans as taxpayers who help support unemployment benefits, along with various other benefits out of work Americans are in titled to.

http://www.gosanangelo.com/news/2012/feb/03/unemployment-hiring-surges-across-nation/

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