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By Jason Stipp | 12-22-2010 04:33 PM

Five 'Gifts' We'd Like to Give Back

Morningstar markets editor Jeremy Glaser says 'thanks, but no thanks' to job data, European debt, and a video-rental card.

Jason Stipp: I am Jason Stipp for Morningstar, and welcome to the special holiday edition of The Friday Five.

You might get a lot of gifts this holiday season, but there's usually one or two stinkers in there. The kind of gift where you say, "You really shouldn't have," and really mean it.

Here with me, with The Friday Five, is Morningstar markets editor, Jeremy Glaser.

Jeremy, thanks for joining me.

Jeremy Glaser: Glad to be here, Jason.

Stipp: What do you have for The Friday Five this week?

Glaser: As you know, Hanukkah came early this year. So, I had plenty of time to evaluate the presents and see what I want to give back.

I think this year, I'm going to try to return some leather-bound data, an almost useless membership card, some show tickets, an airplane, and finally a new job.

Stipp: There's a lot of data that we got throughout the year, but there's a particular set of data that maybe you didn't want to unwrap throughout 2010. Tell us a little bit about that.

Glaser: I'm not quite sure why my sister got me a leather-bound volume of the unemployment reports for the whole year, but it really is a depressing read. Seeing that we haven't really added a ton of jobs, and even though we might have turned the corner, unemployment rates continue to be very high across the entire country. That there's lot of structural unemployment, that it's not just that people can't find the right jobs, those jobs just don't exist. It's kind of depressing.

I think, in order for us to see a really robust sustainable recovery, we're going to need to see that recovery in employment. That's something we haven't quite seen the light at the end of the tunnel yet. A lot of people are focused on it, and I think it's something that's a depressing read.

Stipp: Hopefully, you can re-gift that next year and it might be a little bit of a better read.

Jeremy, the second gift you want to give back is a card that probably hasn't gotten a lot of use recently. It's a weird one that you got for Hanukkah this year. Why are you giving that one back?

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