You CAN'T PRINT CRAP like this and EXPECT PEOPLE to BUY IT ANYMORE!!!!
Related: Commerce Department Lies About Economy
"Unemployment rises to 8.5% in March; Rate would be 15.6% if it included those who stopped looking" by Associated Press | April 4, 2009
WASHINGTON - Unemployment zoomed to 8.5 percent last month, the highest in a quarter-century, as employers axed 663,000 more workers and pushed the nation's jobless ranks past 13 million. The hard times were only expected to get harder - a painful 10 percent jobless rate before long.
The current rate would be even higher - 15.6 percent - if it included laid-off workers who have given up looking for new jobs (Hi) or have had to settle for part-time work because they can't do any better.....
Oh, doesn't the ELITISM just SCREAM at you there!! Yup, you poor working slobs couldn't do any better. Too bad you didn't get a billion dollar bailout, hmmmm?
"Even if the economy continues to show signs of improvement, businesses will cut jobs and trim fats to stay lean and mean," said Sung Won Sohn, economist at the Martin Smith School of Business at California State University, Channel Islands. So far, the public has shown great hopes for the economic policies of President Obama. But those could fade quickly with more months of layoffs....
The stock market generally bottoms out before a recovery gets underway, too, and stocks now have risen for four straight weeks.
Yup, all is saved!
The Dow Jones industrials rose 39.51 points yesterday after surging 216 points Thursday and closed above 8,000 for the first time in nearly two months. Small comfort to millions of laid-off workers....
As the downturn eats into companies' sales and profits, they are laying off workers and resorting to other cost-saving survival measures that also hit employees, the report showed. Those include holding down hours and freezing or cutting pay.
"It's an ugly report, and April is going to be equally as bad," said Mark Zandi, chief economist at Moody's Economy.com. "I couldn't see any rays of sunshine. Nothing."
The average work week in March dropped to 33.2 hours, a record low. And nearly a quarter of the unemployed have been out of work for six months or more, the highest proportion since the steep 1981-82 recession.
Hi.
And hundreds of thousands of out-of-work Americans soon will exhaust their unemployment benefits in the coming weeks. Congress extended benefits twice last year to a total of 46 to 59 weeks.
I'd rather have a job, but WHY KNOW TRILLION DOLLAR UNEMPLOYMENT BAILOUT? Just HAND EVERYONE a MILLION DOLLARS!
Of course, we know that would not work and devalue the money, but WTF?!!!
BANKS and WAR LOOTERS get ENDLESS TRILLIONS, but UNEMPLOYED..... PFFFFFFFTTTTT?
Many who have been lucky enough to keep their jobs are seeing their paychecks shrink....
Yesterday hundreds of people rallied on Wall Street to protest the billions of dollars in federal bailout money to big business. Monica Moorehead, managing editor of the newspaper Workers World, said the crowd gathered to protest the capitalist system which helps AIG and other companies she said steal money from us. The crowd was waving signs reading, "No more money for Wall Street."
Yeah, BURY THIS PROTESTS, Globe!!!!! Un-frikkin'-real!!!!!
But there have been some positive economic signs recently. Orders placed with US factories actually rose in February, ending six straight months of declines, the government reported Thursday. This week, there were better-than-expected reports on construction spending and pending home sales. And last week a report showed consumer spending - the main driver of the economy - rose in February for the second month in a row - after a half-year of declines.
--more--"
Can you take much more, readers?
I'm glad they are going out of business.
No one -- not you or I -- needs this crapola shoveled at as ad nauseum.
