Archive for jobs
Unemployment Hits 10.2%
Posted by: | CommentsFrom MarketWatch: The U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the first time in 26 years, the Labor Department reported Friday. Nonfarm payrolls dropped by a seasonally adjusted 190,000 in October, bringing to total number of jobs lost in the recession to 7.3 million. It was the 22nd straight decline in payrolls….The report was worse than expected. Economists surveyed by MarketWatch were forecasting a rise in the unemployment rate to 10%, with 150,000 lost... Read More→
Saved or Created: The Real Voodo Economics
Posted by: | CommentsDespite a net job loss of over 2 million since the beginning of 2009, President Barack Obama claims that his policies “saved or created” 150,000 jobs. I can’t help but laugh and laugh and laugh and laugh and laugh and laugh at this. Oh, wait… and laugh and laugh and laugh and laugh and laugh… and laugh and laugh. Okay, out of respect for those who lost their jobs I have to stop laughing! Here’s why jobs “saved or created” is shameless rhetoric: 1.... Read More→
