Private sector hiring up 71k, but 200k government jobs lost, including 142k census jobs, total loss of 131k. Rate unchanged at 9.5%. The unadjusted U-6 number is 16.8%: exactly where we were in June 2009. That's the most disturbing news: unemployment hasn't gotten any better in a year now and the Republicans don't want any improvements, and the Dems are too frightened to help.
We're in serious trouble still.
"President Barack Obama lost a second member of his economic team as economist Christina Romer decided to return to teaching on the eve of an employment report highlighting the administration’s struggle to spur job gains."
ReplyDeleteNot a good sign, if they were getting the results predicted with the stimulus why resign? First Peter Orszag and now Christina Romer. Couple that with 9.5% unemployment, 2 ethics hearings, Romanov/Sestak allegations, the Blagojevich trial, the oil spill, the McChrystal controversy, health care still being unpopular, also the deals that were made to obtain votes (Cornhusker/Purchase), Obama's rising unpopularity and debt rapidly approaching $14 trillion. November isn't looking good for the Dems.
What's sad is I don't want the landslide, I'd prefer a more balanced House/Senate.