Gallup: Unemployment Rate Hits 10.3% in February, Underemployment Surges to 19.9%…

Oh my, oh my. Wasn't all those TARP Trillions $$$$ supposed to save the American economy when Obama started walking on water came into office? Guess not.....Seems like all those "seasonal" jobs Obama included in his December stats only helped to hide the true state of affairs in the US unemployment figures for just so long. Hey! No probs peeps - Obama can just print some more money so everyone is rich again. Hope 'n Change now means baked beans and toast without the bread...

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Unemployment, as measured by Gallup without seasonal adjustment, hit 10.3% in February — up from 9.8% at the end of January. The U.S. unemployment rate is now essentially the same as the 10.4% at the end of February 2010.

Underemployment, a measure that combines part-time workers wanting full-time work with those who are unemployed, surged in February to 19.9%. This resulted from the combination of a sharp 0.5-point increase since the end of January in the percentage unemployed and a 0.5-point increase in the percentage working part time but wanting full-time work. Underemployment is now higher than it was at this point a year ago (19.7%).

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