The Last Job You Will Ever Have
"Housing, jobs data improve, but recovery still looks fragile" by Christopher S. Rugaber and Martin Crutsinger, Associated Press | September 18, 2009
WASHINGTON - .... The slow decline in unemployment claims may indicate the recovery will be a relatively jobless one, said John Canally, an economist at LPL Financial....
Then it is NOT a RECOVERY no matter HOW MANY NUMBERS these liars promote!!!
NO JOBS = NO RECOVERY!!!
In fact, it is MORE LOST JOBS all the TIME!!!!
Initial claims for unemployment benefits dropped last week to a seasonally adjusted 545,000, from 557,000 the previous week, the Labor Department said. Wall Street economists had expected a small rise, according to Thomson Reuters.
I'll wait for the upward revisions next month, thanks.
See: Labor Department Lies About Job Losses
God damn self-serving and lying government!
The decline was the third in the past four weeks. The four-week average, which smoothes out fluctuations, dropped to 563,000. Despite the improvement, that’s far above the 325,000 per week that is typical in a healthy economy....
Yeah, and I have to read crap like this as a FULL-LENGTH Sunday feature!
Adding to evidence the recession has ended, housing construction rose in August and fewer laid-off workers sought jobless aid last week.
THIS mean anything to you guys down there?
Related:
"In fact, the main reason the unemployment rate declined last month was because hundreds of thousands of people, some discouraged by their failed job searches, left the labor force"
Yeah, they fell off the rolls is what happened.
Still, the reports suggested a slow and fragile recovery.
If we even have one.
See: What Type of Recession Is It?
Out-of-Work Americans Killed Economic Recovery
The rise in housing starts was due solely to a jump in the volatile apartment-building category, and unemployment claims remain far above levels associated with a healthy economy.
And even as the housing industry begins to recover from its worst downturn in decades, a glut of unsold homes and record levels of foreclosures are weighing on the industry....
Not good words for a "report."
Also see: Today's Economic Insults
