Jul3
Joblessness Hits 9.5%, Deflating Recovery Hopes
Unemployment rate has hit9.5%. 467,000 more jobs were lost in June. This is a real slap in the face wake up call that the longest recession since the 1930s has yet to release its hold.
“The Labor Department’s monthly snapshot of employment, released Thursday, challenged visions of a recovery already taking root. The numbers intensify pressure on the Obama administration to show returns on programs aimed at improving national fortunes — not least its $787 billion stimulus plan.”
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