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The number of unemployed persons (14.1 million) and the unemployment rate (9.2 percent) were essentially unchanged over the month. Since March, the number of unemployed persons has increased by 545,000, and the unemployment rate has risen by 0.4 percentage point.
Meanwhile, his rogue EPA is doing all it can to kill jobs.
U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.
Many economists raised their forecasts on Thursday after a stronger-than-expected reading on U.S. private hiring from payrolls processor ADP, and they expected gains of anywhere between 125,000 and 175,000.
Of course, we all know this is "unexpected", a "surprise", don't we?
It becoming painfully obvious that the GOP house victory was a kiss of death to the economy.
Wow, I was going to post, I hope the left finnally understands Obamanomics doesn't work. Then I came across this piece of demagoguery, If this is the pervailing view of the Dems, they are finished in 2012.
Maybe it's time to realize that the US will never have a sub-8% unemployment rate; maybe 8%+ is the new natural UE rate... like in many European countries.
Over the past 3 years, the country has definitely lost jobs it won't get back unless it gets more competitive in every front (wages, regulatory framework, workers' benefits, corporate tax rate).
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