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December 31, 2009

Jobs INCREASED in December?

That's the biggest takeout from the latest report on the employment situation.
Abiel Reinhart, an economist at JPMorgan Chase, said in a note to clients that he estimates employers added a net total of 40,000 jobs in December, after cutting 11,000 the previous month.

Don't know how true this may turn out to be, but, it sure sounds like good news. I'm sure Congressional Democrats are looking for the unemployment rate to get down to 9 percent by the time of midterm elections.

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