The American economy lost 263,000 jobs in September — far more than expected — and the unemployment rate rose to 9.8 percent, the government reported on Friday, dimming prospects of any meaningful job growth by the end of the year.
The Labor Department’s monthly snapshot of unemployment dashed hopes that the pace of job losses would continue to slow as the economy clawed its way back from a deep recession. Economists had expected 175,000 monthly job losses.Despite help Washington’s $787 billion stimulus, state and local governments slashed 47,000 jobs in September in the face of shrinking budgets.
The economy has been bleeding jobs every month, without interruption, for nearly two years. More than 15 million people in the United States are now unemployed, and more are working part-time jobs for less pay, or have given up looking for work altogether.
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S0, BO, while we are fighting a war...and you can't even find time to meet with your Commanding General...you're galavanting around to Denmark to help secure the Olympic bid for your good old pal, Richie Daley, and you're wasting your time on Sunday morning talk shows, and on David Letterman's show, and having beers in the White House garden trying to ameliorate your stupid comment about the Cambridge Police Department and Sgt. Crowley, and vacationing in your $50,000 a week mansion in Martha's Vineyard, the country is falling deeper and deeper into a major recession. WAKE UP, YOU FOOL, AND GET TO WORK ON THE REAL ISSUES FACING THIS COUNTRY! And please, no more "emergency" stimulus bills! We see what a failure that is.
And then there's this comment from the VICE-FOOL as reported by the A.P: Vice President Joe Biden says Friday's news that unemployment jumped to 9.8 percent in September doesn't shake his confidence that "we are going to recover" from the slump. Sure, Joe, and Santa Claus and the Easter Bunny will be here soon too.
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