6 Aug
Posted in: Blog
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More Job Losses

From MarketWatch:

WASHINGTON (MarketWatch) — U.S. employers continued to hire but at a sluggish pace that adds to pessimism about the economic outlook and may put pressure of the Federal Reserve to take more steps to support the economy.

Private sector payrolls rose by an estimated 71,000 in July, the Labor Department said.

Total nonfarm payrolls fell by a seasonally adjusted 131,000 in July, but all the lost jobs were temporary jobs at the U.S. Census.

The number of temporary Census workers dropped by 143,000. There are still 196,000 census workers on the payroll.

The nation’s unemployment rate held steady at 9.5%.

I continue to post the unemployment figures so as to underscore the point that Obama either has no idea what he’s doing, or, alternatively, is pursuing a legislative agenda that is designed to make us all poorer (in his eyes, this apparently means more equal.)

The Democrats are going to lose both Houses in November.  And in 2012, Obama is going to lose 49 states.

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