Jobs Numbers

The new unemployment numbers came out last Friday. The good news is that the unemployment rate went down to 8.1% from 8.3% (from the WSJ). The bad news is that there really is no good news; the decrease came mostly from people leaving the job market as discouraged workers. This has put a lot of pressure on Ben Bernanke, the Chairman of the Fed, who strongly suggested earlier that he would act if growth remained too slow. So QE3 could be right around the corner.

Do you think the Federal Reserve should do something about such poor job creation and slow growth?

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