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U6 unemployment rate now at 17.3%
December 2009 was the worst month for employment since the economic crisis hit. The labor force contracted by 661,000 mostly due to people exhausting unemployment benefits.
One million families lost their home in the forth quarter of 2009.
The US economy grew at a 2.2pc rate in the third quarter (entirely due to Obama stimulus). This compares to an average of 7.3pc in the first quarter of every recovery since the Second World War.
Complete story from the ever colorful Ambrose Evans-Pitchard in the Telegraph.
How Apple Caved to the Record Industry
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