Friday, July 2, 2010

Jobapalooza

We lost 125k jobs in June.  225k of that was due to census layoffs, only 83,000 private jobs created this month, far under the number expected.

We're hurting pretty badly here folks, and it only gets worse from here.  Best part of the Reuters article:
With voters in an anti-Washington, anti-incumbent mood, failure to put back to work the more than 8 million Americans who lost jobs during the recession could cost the Democratic Party dearly in the November mid-term elections.
Gosh, that explains why Republicans have voted down job bills three times, hasn't it? 

Worst part is that the unemployment rate went down to 9.5% because so many people have simply given up on getting a job.

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