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No not good at all, although manufacturing numbers are slightly more positive, labor numbers continue to fall back I think we can say this is truly a jobless "recovery".
No, I think we can say there are a lot of people still out of work and there will be for quite some time. We have gained private sector jobs each of the last several months. Have we gained enough, no. Will we gain more, yes, well, unless the Repubs regain control and reverse that trend.
Government did a good job of trying to convince the citizens that there was no financial problem from 1929-1934 before they ran out of tricks and had to admit defeat.
No, I think we can say there are a lot of people still out of work and there will be for quite some time. We have gained private sector jobs each of the last several months. Have we gained enough, no. Will we gain more, yes, well, unless the Repubs regain control and reverse that trend.
Private sector jobs have gained but not nearly enough to sustain a labor recovery.
The republicans will have no power to create jobs or eliminate them if they win congress. They will only cause gridlock which will be of the best benefit to us all.
Unlike party cheerleaders like yourself many reasonable people comprehend that Republicans and Democrats are the same.
Bad news for sure, but as I have stated many times before, I am really starting to believe 10 percent unemployment will eventually become the norm. Why hire two mediocre people to do the job one great employee can do?
"New U.S. claims for unemployment benefits unexpectedly climbed to a nine-month high last week, yet another setback to the frail economic recovery.
Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 500,000 in the week ended August 14, the highest since mid-November, the Labor Department said on Thursday."
"The four-week average of new jobless claims, considered a better measure of underlying labor market trends as it irons out week-to-week volatility, rose 8,000 to 482,500, the highest since early December."
"The economy grew at a 2.4 percent annualized rate in the second quarter, much slower than the 3.7 percent pace in the first three months of the year.
However, recent trade and business inventory data have indicated a much more sluggish pace. According to a preliminary Reuters survey, the government could lower the second-quarter growth estimate to a rate of about 1.4 percent when it publishes its first revision next Friday."
But, but, but.....Obama said we were in recovery! Obama promised change. Obama said he would make things better. Obama said unemployment would not top 8%.
But, but, but.....Obama said we were in recovery! Obama promised change. Obama said he would make things better. Obama said unemployment would not top 8%.
Can you believe obama is still claiming we are on the right track and the economy is getting stronger?
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New Jobless Claims Reach 9-Month Peak in Recovery Summer
