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Jobless Rate Hits 14-Year HighPosted on Nov 7, 2008
As if to prevent surplus national exuberance over the electoral defeat of John McCain on Tuesday, the Labor Department announced that the country’s unemployment rate has hit a 14-year high of 6.5 percent, with 240,000 jobs lost in October as joblessness continues to increase in the face of economic turmoil.
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By Purple Girl, November 8, 2008 at 10:23 am #
I voted for Jen 2x’s, but have become annoyed with ‘all talk and no action’. Of course the Country has been run by those who have intentionally been Killing th emiddle class and Our State houses leave something to be desired as Real Advocates for the People (Corp Whores!)
Report thisAmericans needed to see that line up of Economic advisors, But Michigan really neded to see Our Gov on center stage.
This not only made me happy our future Pres recognizes the importance of MI, but it also tells me Our Gov has been vindicated. It was not her who has kept this state perpetually in Recession (we Never really pulled out of the nose dive of the ‘70’s).
That Picture alone gives Hope back to Michiganders- we may have a chance to once agian be th ePower House which fuels this nations economy.
My spitefullness over the last 30 yrs makes me Dreamy about the days the mafia backed the Unions…Because Revenge would be soooo Sweet.
Revenge a Dish best served COLD!
Love Rahm’s ‘dead Fish ‘Story ,and his persona of ‘Brass Knuckle’ Enforcer. Ah Whats a lil’ Strong arming when it gets things done- esp ‘For the People and By the People’.‘Your Signature or your Brains will be on this Paper’ Neo Cons!
By cyrena, November 7, 2008 at 11:53 pm #
You’re right Big B. It’s been closer to 12% for a really long time. And, you’re right about the ways they’ve devised to make it seem like something different than what it is.
These ARE god damned lies and statistics. The real effort has been on not giving us any information at all. That’s what georgie’s response was the collapse, before he begged for $700 billion. He said, “Can’t we just tell them everything is fine?”
Report thisBy Big B, November 7, 2008 at 10:17 pm #
Actually, many economists will tell you that the real unemployment rate is anywhere from 10-12%. Keep in mind that after a persons unemployment runs out, they are no longer counted, as are folks who did not qualify for unemployment, or people on welfare or disability.
The fed gov did not like the way numbers like the unemployment rate, the GDP, inflation, or consumer prices depressed people in the 1970’s, so they changed the way they counted them.
Again, there are lies, goddamn lies, and statistics.
Report thisBy Blackspeare, November 7, 2008 at 8:20 pm #
6.5% unemployment is no big deal——for most developed countries 10% is normal and is assuage with longer term unemployment benefits which BHO will certainly make one of his first things to put in play.
Report thisBy lastdaywatchers, November 7, 2008 at 3:39 pm #
This article just shed more light of the 100% accuracy of the May 15th Prophecy
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