May 7, 2010

U.S. Unemployment rises to 9.9% - the real story

Despite better than expected job creation of 290,000 the unemployment numbers rose. Are job seekers looking to get back into the job market after having given up?

It might actually turn out that a recovery drives up unemployment rates short term. A recovery plus bad news for Democrats? Sweet. But don't get too excited too fast - the media will spin the jobs created side very hard.

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