Of course this does not include the 18% of underemployed
As Krauthammer says-"We just engaged in a huge Keynesian experiment on the economy and it failed."
The latest report from the Depart of Labor was issued today, and it was fairly disastrous for the American public. Unemployment, yet again, is on the rise in the US.
Previously analysts had previously predicted to Bloomberg News that 105,000 jobs would be created last month; the actual number fell alarmingly shy by over 90,000, however. The newest statistic from the Labor Department put unemployment at 9.2 percent for the month of June, a 0.1 percent raise from May’s figures. While that month saw 25,000 new jobs introduced in the country, only 18,000 were added in June.
more
As Krauthammer says-"We just engaged in a huge Keynesian experiment on the economy and it failed."
The latest report from the Depart of Labor was issued today, and it was fairly disastrous for the American public. Unemployment, yet again, is on the rise in the US.
Previously analysts had previously predicted to Bloomberg News that 105,000 jobs would be created last month; the actual number fell alarmingly shy by over 90,000, however. The newest statistic from the Labor Department put unemployment at 9.2 percent for the month of June, a 0.1 percent raise from May’s figures. While that month saw 25,000 new jobs introduced in the country, only 18,000 were added in June.
more