"Regardless, it's still higher than it's EVER been ... "
That's right... the Bush Economic Meltdown and too 8 years to destroy our economy and the recovery will take more than a few months.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
Billions and billions of our money.......and NOTHING!!! What did we get from our failed government? A historic deficit, no jobs, higher taxes, foreclosures, added fees and a failed health care system.
When the INSANE are running the ASYLUM In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche
“How fortunate for those in power that people never think.” Adolph Hitler
WASHINGTON (AP) - Fears that the economic recovery is fizzling grew Thursday after the government and private sector issued weak reports on a number of fronts. Unemployment claims are up, home sales are plunging without government incentives and manufacturing growth is slowing. Meanwhile, 1.3 million people are without federal jobless benefits now that Congress adjourned for a weeklong Independence Day recess without passing an extension. That number could grow to 3.3 million by the end of the month if lawmakers can't resolve the issue when they return. All of this worries economists. As jobless claims grow and benefits shrink, Americans have less money to spend and the economy can't grow fast enough to create new jobs. Some are revising their forecasts for growth in the third quarter. Others are afraid the country is on the verge of falling back into a recession. "We find the level and direction in jobless claims somewhat troubling and the increase is likely to feed double-dip fears," said John Ryding, an economist at RDQ Economics in a note to clients. New claims for benefits jumped by 13,000 to a seasonally adjusted 472,000, the Labor Department said Thursday. The four-week average, which smooths fluctuations, rose to 466,500, its highest level since March....................>>>>....................>>>>..................http://apnews.myway.com/article/20100701/D9GMF6SG2.html
Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today.
The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010.
Private-sector payroll employment edged up by 83,000.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The US economy lost 125,000 jobs in June, more than economists had forecast, as thousands of temporary census jobs ended and private hiring grew less than expected.
And though the unemployment rate unexpectedly fell to 9.5% from 9.7%, the lowest in a year, it was largely due to more people dropping out of the labor force.
The report was the latest sign that the economic recovery may be faltering.
"Overall what this does is it reinforces the market's view that the U.S. recovery is losing steam,'' said Greg Salvaggio, vice president of trading at Tempus Consulting in Washington.
Is this really the woman who is third in line for the presidency?
Pelosi’s world is an interesting place. According to her, every month that Congress fails to pass a recovery package, 500 million Americans lose their jobs. At the last count, America’s population is a little over 300 million.
Unemployment benefits are creating jobs faster than practically any other program, House Speaker Nancy Pelosi said Thursday.
"It injects demand into the economy," Pelosi said, arguing that when families have money to spend it keeps the economy churning. "It creates jobs faster than almost any other initiative you can name."
Pelosi said the aid has the "double benefit" of helping those who lost their jobs and acting as a "job creator" on the side.
The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness. John Kenneth Galbraith
The Labor Department reported Friday that total payroll employment, including government workers, was down 125,000 in June, reflecting the loss of 225,000 census workers who finished their assignments. Employment-seekers decline by 652,000 June, which may reflect people giving up on job-hunting and a reluctance to hire
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