Latest data may put pressure on Senate to pass a jobs bill

02/7/2010 | Economist (free content), The

The January unemployment numbers appear to support the conclusion of President Barack Obama's top economic adviser Larry Summers that the U.S. is going through "a statistical recovery and a human recession." The economy grew for a second quarter, by a robust 5.7% in the final three months of 2009, but subsequently shed 20,000 jobs in January. This puts the U.S. Senate under pressure to adopt a jobs bill that was passed by the U.S. House of Representatives in December, The Economist says.

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Economist (free content), The

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