US economy: employement, who's going up and who's going down.

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Another Goldman Sachs executive appears set to take a prominent position in the Obama administration. On Friday, President Obama said he would nominate Robert Hormats, a vice chairman of Goldman Sachs International, to a top economic position at the State Department.

In other employement news, the official unemployment rate is now over ten percent in sixteen states. In Michigan, the unemployment rate has surpassed 15 percent, the first time any state has hit that mark since 1984.