US Unemployment Rate Drops Sharply

The U.S. unemployment rate dropped to the lowest level in more than two years in November. But, the report shows a mixed picture for the troubled U.S. job market.
The Labor Department says November's jobless rate was 8.6 percent, an improvement of four-tenths of a percent from October. Jim Randle reports.

Category:

News & Politics

Tags:

• Economy
• Labor Department
• unemployment

[2360mrtom]

In 2002, the poverty rate in America was about 12 percent. In 2009, it was about 14 percent, up two points despite more than $4 trillion in welfare spending over that period. Medicaid, which counts for $276 billion this year, an 87 percent rise in 10 years. Food stamps are also big, up a whopping 260 percent in 10 years. Child nutrition programs are up 82 percent, low income energy assistance is up 190 percent Immigration iilg & legal w/ kids up 57% SOCIALISM AT IT'S BEST

[2360mrtom]

Before last election Congress controlled by Dems Since Barack Obama took office, the national debt has increased by $4 trillion. That's in just two and a half years. In eight years under President Bush, a big spender, the national debt increased $4.9 trillion.

So doing the math, if Mr. Obama's spending jag continues as is, he would run up almost $13 trillion in debt if he serves two terms. That's nearly three times what Bush did and far more than any president in American history.

[alkimst13]

thank god for the xmas season or unemployment would never go down. january, business as usual.

[pmhoard]

It is a bullshit number.

[nativemrv19722]

@AbuJahfar Retail spelled that wrong.

[nativemrv19722]

@AbuJahfar Yeah must of this spike is holiday rental..