Did You Know...

   

New unemployment numbers: Quick, blame Bush!

Share
By Michelle Malkin  •  July 2, 2009 09:20 AM

Waiting for “we inherited this” spin from the White House…

Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy.
The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on solid ground.

June’s payroll reductions were deeper than the 363,000 that economists expected.

However, the rise in the unemployment rate from 9.4 percent in May wasn’t as sharp as the expected 9.6 percent. Still, many economists predict the jobless rate will hit 10 percent this year, and keep rising into next year, before falling back.

All told, 14.7 million people were unemployed in June.

Via AP.

Posted in: fiscal stimulus

House Republicans make counter offer to Obama's fiscal cliff non-starter

December 3, 2012 07:36 PM by Doug Powers

Return volley

Obama’s Layoff Bomb

October 31, 2012 09:56 AM by Michelle Malkin

Update: Bankrupt green crony A123 gets a last-minute lifeline

October 17, 2012 10:01 AM by Michelle Malkin


Categories: Enviro-nitwits, fiscal stimulus, Politics