Around 85,000 jobs were lost in December of last year, meaning the rate of unemployment still remains around 10 percent, the rate it has been flirting with since October, when it hit the double digits for the first time since 1982. Over the next few months, the Fed predicts the rate will go down a little, to between 9.3 percent and 9.7 percent. So. At least it's leveling off? [WSJ]
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