Unemployment Dropped to 8.3 Percent in January:
The U.S economy picked up 243,000 jobs in January as the unemployment rate dropped to 8.3%, the Labor Department reported. This is the lowest level of unemployment since February 2009. They say the recent drop was because of jobs being added to the economy, not because of people becoming discouraged and are no longer seeking employment. They expected payrolls to grow by 140,000. They have added 60,000 new jobs in November and December of 2011. They don't expect the unemployment rate to get no higher then 8.5%.
Out of the Valley, Newt Gingrich:
Few presidential candidates have successfully emerged from the dark valley that likely awaits Newt Gingrich after his decisive loss to Mitt Romney in Florida’s primary. Only seven states vote in February and none of them are tilting towards Newt Gingrich. Michigan offers Romney a home-state advantage, and Nevada and Arizona, Romney will benefit because of the large Mormon population. But Gingrich hopes to win over Colorado and Minnesota. Although if he does not win, then Gingrich will not have another vote until March 6 on Super Tuesday.
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