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Politics : President Barack Obama
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To: tejek who wrote (125195)10/26/2012 12:01:31 PM
From: RetiredNow1 Recommendation  Read Replies (2) of 149317
 
The previous quarter final revision was 1.3% down from the second revision of 1.7%. So this reading of 2% may come down as much as 0.4%, if previous quarters are any guide. We'll see. Either way, 2% is not enough to drive net increases in employment. So we'll only see the Unemployment Rate come down as discouraged workers quit looking, rather than as a result of an improving employment picture.

So many companies just announced terrible earnings and a declining earnings outlook, coupled with layoffs. So things are not getting better.
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