Great Recession

Ron Paul: Job Figures Conceal Weak Economy

Not looking very recovery-ish

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Ron Paul said on Monday that the Obama administration's latest jobs report showing a 7.8 percent unemployment rate vastly underestimates the strength of the economy.

"The situation on the ground looks nothing like a recovery," Paul said, adding that, "23 million people are still out of work or chronically underemployed."

"This number is expected to rise dramatically next year. The situation in Washington should not give anyone cause for optimism."