US consumer debt

Consumer debt climbs along with jobs numbers

On Friday, the US Labor Department released the jobs report numbers for the month of February. According to the report, 227,000 jobs were created but the unemployment rate remains at 8.3 percent. Many call these tough economic times a time of recovery, but how long will the US take to climb out of its terrible deficit? Michael Hudson, economics professor for the University of Missouri, breaks down the numbers for us.