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Challenge: An 11.9% unemployment rate (No. 3 in the U.S.) when he took office.

Scott's move: The governor says he'll add 700,000 jobs over seven years by revamping state laws to make Florida more business-friendly.

Progress to date: "A" for effort: Unemployment dropped to 10% in November.

By Tory Newmyer, writer @FortuneMagazine - Last updated January 30 2012: 5:46 PM ET
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10 worst business predictions of 2011

From a muni meltdown to a recovery in bank stocks to a Yahoo turnaround, we were told a bunch of things would happen this year that didn't even come close.