"Job cuts have accelerated as recent data showed the economy slowed more than previously reported in the first half of the year....
Meaning you have been lied to once again, readers.
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Related:
Verizon workers back on job, but still worried
Strike’s negative fallout lingering for Verizon
Verizon Workers Win Strike
Verizon strike skews weekly US jobless data
So does the AmeriKan media!
"Stalling economy creates no jobs; S&P downgrade, strike, debt talks among factors" September 03, 2011|By D.C. Denison, Globe Staff
Hiring ground to a halt last month as the political stalemate in Washington, debt crises in Europe, and unsettled financial markets around the world took their toll on confidence and the US economy.
Employment growth was weak for the fourth consecutive month, with net new jobs in August adding up to a round number: zero. The unemployment rate remained at 9.1 percent, while earnings fell and revisions to data in previous two months showed 58,000 fewer jobs had been created than estimated.
What do they mean estimated? So it's all BS, isn't it?
“We’ve slowed to stall speed,’’ said Nariman Behravesh, chief economist at the financial research firm IHS Inc. “It’s clear that people just aren’t hiring now.’’
Don't you LOVE the ECONOMIC EUPHEMISMS?
If you STALL you are SPEEDING NOWHERE, right?
This complete lack of employment growth - a stark backdrop to President Obama’s planned speech next week on job-creating measures - again revived fears that the US economy could slip into a second, or double dip, recession....
The vast majority of us save the elite and Wall Street have not come out of the first, and that double-dip would be the one all the alleged experts scoffed at when people like me mentioned it years ago?
“The number one reason for the dismal employment numbers is the lack of demand for products and services,’’ said John Silvia, chief economist at Wells Fargo Securities LLC Economics Group. “You hire somebody to do something, not just to sit around. And businesses just aren’t seeing enough demand to add people.’’
Because there are no jobs.
Few economists expect the nation to fall back into a technical recession, but most forecast a long period of painfully slow growth that will feel like a recession to millions of Americans....
In other words, the government and media will continue to lie about the Grand Depression.
Massachusetts has been recovering faster than the nation as a whole....
Related: Boston Globe Giving You the Business
And there they go again!
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