Jan. 10 (Bloomberg) -- President-elect Barack Obama said his two-year plan to boost the U.S. economy will generate as many as 4 million jobs, higher than his previous estimates, the biggest portion of them in construction, manufacturing and retail.
WASHINGTON, July 14 (Reuters) - U.S. President Barack Obama will say in Michigan, a state hard-hit by the downturn in the car industry, that some auto industry jobs that have been lost will not be returning.
And the best for last!
The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.
"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart.
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