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As the economic recovery looks rockier than initially expected, people are bracing for more bad data from the US unemployment report. Economist and financial analyst are hoping for positive news, but expect more negative reports along with housing and consumer spending.

On positive news, the fed chief expected 2011 to be more positive in terms of job growth and GDP (although revised downward). On personal credit, finance companies are lending less to good or bad credit borrowers as they are expecting more bad news from the financial markets.