Jobless Rate Hits 7.6%; 598,000 Positions Lost in January

http://www.foxbusiness.com/story/markets/economy/employers-shed--jobs-january-unemployment-rate-hits/

Many jobs have been lost this year because of the recession. 598,000 jobs have been lost just in January. economists thought that only 540,000 jobs would be lost but 58,000 jobs more were lost than many people were expecting. the rate of unemployment was 7.2% in december and rose to 7.6% in January.
i think that this is a little bit surprising. especailly since the professsional economists thought that there would be less jobs lost than how many jobs were actually lost. 7.6% is a really high job loss rate. i hope that Obama and his administration will be able to think of great ideas to create more jobs and find better ways to stimulate the economy so that there would be less jobs losing money if there are more people funding the buisness and compainies. we need to have faith in our government and we have to be willing to make opprotunity costs for the sake of our government.

ECONOMICS! semester two...