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Tag Archives | banks

President Obama talks about those upbeat job figures, the economy, and where we go from here

Photo: Pete Souza/The White House 12/03/09 President Barack Obama gets it. The economic recovery will not really hit home for many until the sluggish job market is revitalized. Yesterday, the Labor Department reported the national unemployment rate took a surprising dip to 10 percent in November— the best it’s been since December of 2007. Companies laid off 11,000 workers last month, compared to 111,000 in October. A significant improvement.  Still, millions of unemployed Americans searched but did not find work last month.   Meanwhile, the nation’s tally of 2009 bank failures hit 130... Read More →

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