Latest data may put pressure on Senate to pass a jobs bill
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.
Economist, The | 02/05
This story published in CPA Letter Daily on 02/08/2010
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