Friday, February 5, 2010

Commentary on the unemployment rate

We saw the above posted on Pelosi's blog this morning. Along with this:
Today’s jobs report marks a welcome step in the right direction for our economy and our families: the unemployment rate is going down. The Recovery Act, which Congress passed one year ago to pull our economy back from the brink of collapse, has already created or saved nearly 2 million jobs so far.
Yet our work is far from over. This recession that President Obama inherited has taken the worst toll on our job market since World War II. Too many workers have lost their jobs through no fault of their own. Leaders of both parties must work together to keep our recovery on track by helping small businesses create jobs, investing in our infrastructure and clean energy industries, and keeping police, firefighters, and teachers on the job. Congress will continue to act to build a new foundation for long-term prosperity.
Here was Morgan Stanley's take. Now we know where Nancy got her graph!

And finally, David Rosenberg's take. Who showed up on CNBC today, right before the market whooshed.

Upward that is!!

But for those who like pictures, instead of words:
Lunch With Dave February 5, 2010 (David Rosenberg)                                                     


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