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May 23, 2013
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Unemployment Takes Its Biggest Jump Since 1986Posted on Jun 6, 2008
In what one economist has called the “strongest evidence yet” that the U.S. is in recession, the country’s jobless rate has grown 0.5% since April, the largest monthly jump in more than 20 years. The unemployment rate has been steadily rising this year, with 324,000 jobs lost since January.
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By SlimTim, June 9, 2008 at 5:54 pm Link to this comment
(Unregistered commenter)
Yes, I see your websites…but I’ll raise you the domino effect. They all fall down, except those in the medical field ect. Our service economy won’t save us our jobs and you know it.
Report thisBy James Morris, June 7, 2008 at 9:28 am Link to this comment
(Unregistered commenter)
Yes unemployment is up but you are not a statistic and there are still thousands of 75K, 100K and 150K jobs out there. try these sites:
http://www.realmatch.com
http://www.monster.com
http://www.hotjobs.com
You see?
Report thisBy G.Anderson, June 7, 2008 at 8:25 am Link to this comment
The word recession was invented, because the “D” word, made the bankers too nervous.
Unfortunately our fate is no longer in our hands, but in the hands of foreign governments who own our debt, they are the ones who will decide our fate.
Hard times ahead for us all.
Report thisBy cadence, June 7, 2008 at 6:30 am Link to this comment
(Unregistered commenter)
I cannot comment on long term trends. What I know is this: I have had five employees leave stable employment with my small company (law practice) within the last six months. Two left to start their own small businesses, and two left to accompany them. One left to take care of small children. These employees left high paying jobs, health insurance, retirement benefits, to roll the dice in new enterprises. Although I question their timing, and the extent to which they are watching the economy, I also wonder if the loss of confidence in the economy is as great as reported. I wonder if the economy is as bad off as reported. But I am a cockeyed optimist and a big conspiracy theorist, so my skepticism always has things better than they really are!
Report thisBy Bukko in Australia, June 6, 2008 at 7:58 pm Link to this comment
Everyone knows the government’s rosy unemployment figures are lies. If you haven’t read Kevin Phillips’ article on the way that economic stats have been faked since JFK’s time, you should, because it lays out the deception in a way that even non-economists can understand. (Democrats have been doing as well as Repiglicans.) Now it seems the magnitude of the unemployment disaster is so huge that it’s getting hard for the gov to lie any more, so it has to admit joblessness is on the rise.
Report thisBy GoldenT, June 6, 2008 at 1:57 pm Link to this comment
The risk we face is far greater than recession. Rather, it is more likely profound economic dislocation reflecting the experience of Wiemar Germany in 1923. We all know what came next.
What few of us seem to understand is how financiers who animate the British Empire and elevate Tory sympathizers here in the U.S. are behind such intrigues which, today, bring us $4 a gallon gas and, tomorrow, another wack job disguised as a “leader.”
Where the hell is Henry Clay when you need him? We need a return to the American System of Political Economy if ever we are to survive as a Constitutional Republic.
Indeed, Representative Kucinich’s HR 3400 is a fine example of financial and economic power the People possess ... if only they would turn away from the British-dominated, so-call “free” press and all the outright fantasies and fairy tales they spin. Like, for example, talk of recession when we are well on our way to outright collapse.
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