This is disaster.
Economy sheds 131,000 jobs in July - Yahoo! News (http://news.yahoo.com/s/nm/20100806/bs_nm/us_usa_economy;_ylt=A0wNdPmtF1xMSJ4AphyyBhIF;_ylu= X3oDMTJma29ndG85BGFzc2V0A25tLzIwMTAwODA2L3VzX3VzYV 9lY29ub215BGNwb3MDMQRwb3MDMQRzZWMDeW5fdG9wX3N0b3J5 BHNsawNlY29ub215c2hlZHM- - broken link)
Quote:
Employment fell for a second straight month in July as more temporary census jobs ended while private hiring rose less than expected, pointing to an anemic economic recovery.
Non-farm payrolls fell 131,000, the Labor Department said on Friday as temporary jobs to conduct the decennial census dropped by 143,000. Private employment, considered a better gauge of labor market health, rose 71,000 after increasing 31,000 in June.
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http://politicalticker.blogs.cnn.com...w-jobs-report/
Quote:
"The policies originating from this White House are creating an environment of uncertainty and fear for business people and employees, preventing investment and hiring."
"How many more times do families and small businesses have to ask 'where are the jobs' before President Obama changes course?" House Minority Leader John Boehner asked in a statement released a few minutes later.
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http://www.nytimes.com/2010/08/07/bu...econ.html?_r=1
Quote:
June’s number was revised dramatically downward to a total loss of 221,000 jobs. The agency originally reported that the nation lost 125,000 jobs in June.
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The infamous chart;
http://michaelscomments.files.wordpr...e2010-dots.gif
http://gatewaypundit.firstthings.com/wp-content/uploads/2010/08/obama-jobs-july.jpg (broken link)