We've seen regular steady declines week in and week out [in the four-week moving average], with the exception of this week. This probably speaks of softness in labor market that continues as a result of the recession. We're sort of muddling towards a tepid recovery.

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I don't think much of the president's plan, in part because it spends a lot of money on ineffective stimulus. The administration has even backed away from this being a stimulus plan. Now it's a long-term jobs and growth plan.

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