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Originally Posted by Riot
But keeping unemployment at less than 10% wasn't the only reason for the stimulus. Yet it's the only thing you are using to judge it's effectiveness.
Unemployment numbers have peaked and have been dropping markedly the past few months, and are continuing to drop. They are the lowest they've been in a long time.
The stimulus is still a long way from being completely disbursed, too.
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http://forecasts.org/unemploy.htm
Nonfarm payroll employment edged down (-85,000) in December, and the unemployment rate was
unchanged at 10.0 percent.
In the week ending Jan. 9, the advance figure for seasonally adjusted initial claims was 444,000,
an increase of 11,000 from the previous week's revised figure of 433,000
http://www.usnews.com/articles/news/...te-steady.html
'Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 jobs in December even as the unemployment rate held at 10 percent. The rate would have been higher if more people had been looking for work instead of leaving the labor force because they can't find jobs.'