Sigh. Insults, lies, can't take it anymore, sorry.
"Jobless rate tops 10% in 15 states" by Jeannine Aversa, Associated Press | July 18, 2009
WASHINGTON - Fifteen states have crossed a painful threshold: 10 percent unemployment. More states, and the nation, likely will follow, one of the biggest dangers to an economic recovery.
How consumers behave in the face of rising unemployment will figure prominently in shaping a broader rebound. If they sharply cut spending like they did at the end of last year, the recovery could cave in. More likely is that consumers will stay cautious, making for a fragile and slow-moving national economic turnaround, economists said.
The Labor Department said yesterday that unemployment topped 10 percent in 15 states and the District of Columbia last month. And the jobless rate in Michigan surpassed 15 percent, the first time any state hit that mark since 1984.
Which means it's higher than that; I'll wait for the upward revisions in two weeks.
Most Fed policy makers said it could take “five or six years’’ for the economy and the labor market to get back on a path of long-term health....
The news was not all bad. Still, the state unemployment report underscored the damage that the longest recession since World War II has inflicted on companies, workers, and communities, and the challenges the economy faces....
Meanwhile, the banks are rolling in dough, America's communities have been outsourced and off-shored, and immigrants flood in. But things are getting better!
War looters aren't hurting that much either, are they?
