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Unemployment

Records Set on Obama's Watch

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Unemployment rate under President Barack Obama

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NEW YORK (CNNMoney) — Everyone in Congress says they want to help create jobs and economic growth.

But federal agencies and government contractors in the private sector, which actually hire people, may find that ironic. They are still in the dark about future funding levels because lawmakers have not said whether they will replace heavy-handed automatic spending cuts set to take effect next year.

The rest of the story …

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The 86 million invisible unemployed, mostly under 25 and over 65

June 25, 2012

NEW YORK (CNNMoney) — There are far more jobless people in the United States than you might think. While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth. Read [...]

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Long-term unemployment is still a huge problem in the economy

June 11, 2012

NEW YORK (CNNMoney) — The national unemployment rate has fallen from its recession highs, but Americans who have been out of work for six months or more are still having trouble finding work. The numbers are staggering. The ranks of the long-term unemployed swelled last month from 5.1 million to 5.4 million, and those individuals [...]

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May jobs report show that the economy still sucks

June 4, 2012

Employers added just 69,000 jobs in May, about half of what was expected, and the unemployment rate ticked up to 8.2 percent, the government said Friday in an awful jobs report that offered incontrovertible evidence that the U.S. economy is slowing sharply. Read more: http://www.stltoday.com/news/national/jobs-report-is-bad-news-for-economy/article_a1c9026c-04df-5ead-a99c-9a1ccd788173.html#ixzz1wqpXUU7c

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Fed Bernanke: job market still sucks, household income is flat, and Obama’s economic policies still stink

February 29, 2012

NEW YORK (CNNMoney) — Federal Reserve Chairman Ben Bernanke headed to Capitol Hill Wednesday to give Congress his semi-annual report on the economy, and what he had to say wasn’t exactly rosy. The job market remains “far from normal,” household income is flat and access to credit remains too tight for many people, he said. [...]

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