Unemployment Surges, Obama Demands Action

Government and Economy Unemployment Surges to 7.6% As if we needed further proof that the nation's employment is deteriorating at a frightening rate, employers eliminated 598,000 jobs in January and pushed the unemployment rate up to 7.6%, the highest unemployment rate since 1974. Obama Demands Action on the Economy President Obama spoke out against what he described as an "inexcusable and irresponsible" delay of his economic recovery legislation in Congress, especially given the fact that an estimated 3.6 million Americans have lost their jobs since the recession began. [Read Full Article]