US Jobs Report Set To Paint Bleak Picture

A US payrolls report due out this afternoon is estimated to show more than half a million Americans lost their jobs in December.

This would bring the total number of jobs lost in the US in 2008 to around 2.4 million, the worst collapse in employment since the war.

How convenient then that Barak Obama has promised to create 3 million new jobs in his fiscal stimulus package.

One can only assume that many of these new jobs will be at the local unemployment centre?

Barak Obama and David Blaine, you never see them in the same room at the same time do you?