"Jobless rate at highest level since ’83; Fewer positions cut in August than expected" by Christopher S. Rugaber, Associated Press | September 5, 2009
WASHINGTON - At least it’s not all bad anymore.
The US unemployment rate climbed last month to 9.7 percent - the highest in nearly a generation - but the number of job losses was less than expected and the smallest monthly total in a year....
Hello, Cap'n Smith?
Deckhand here. The water seems to have eased up coming into the hull, so I think we are going to be o.... (gurgle, gurgle, gurgle)....
For now, the August unemployment report sketched a bleak portrait of the job market. The number of jobless Americans jumped by nearly 500,000 to 14.9 million....
At the same time, many analysts say the economy should grow by a healthy 3 to 4 percent in the third quarter, pulling the United States out of the longest recession since World War II....
Then that is either a LIE or WRONG! There SHOULD BE JOBS ADDED if that figure is correct. Unless....
Employers shed 216,000 jobs in August, the Labor Department said yesterday. That was 9,000 fewer than expected but a far cry from the job creation required to rejuvenate the economy: about 125,000 new jobs each month just to keep the unemployment rate from increasing....
Right! We have to ADD JOBS -- something I HAVE BEEN SAYING for WEEKS if not MONTHS that I am TIRED OF IT!
Of course, the MSM SHOVES THIS INTO a SLOW SATURDAY PIECE!
I wonder if I will ever see that sentence again.
Most of that improvement, though, stems from auto companies and other manufacturers refilling their depleted stockpiles. Those inventories had plummeted as factories and retailers sought to bring goods more in line with reduced sales during the recession. Without stepped-up demand from consumers, any current growth might not last.
Yup, the FAILURE of the RECOVERY is going to be LAID at YOUR DOOR, out-of-work and foreclosed-upon 'murkn!
The Obama administration’s $787 billion stimulus package of tax cuts and increased spending contributed to the improvement, along with the popular cash for clunkers program. An $8,000 tax credit for first-time home buyers has also helped boost housing sales and stabilize prices.
I'm so sick of agenda-pushing bullshit being shoveled as news.
Yet economists worry that none of that will be enough to sustain an economic recovery once the government’s efforts fade. As job losses persist and the unemployment rate climbs, even people with jobs will remain anxious about losing them and about spending too much....
But we are GROWING at a 3-4 percent clip!
So WHO is GETTING RICH?
Banks, corporations, and war-looters again?
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