An Unemployment Report That Screams Spectacular Failure

Forbes by Charles Kadlec | Jul. 12, 2011 (Opinion)

Spectacular failure. These words came to mind as the dismal employment data for June were released last Friday. After the biggest spending binge in peacetime American history, the unemployment rate is stuck above 9%, while in May fewer than 20,000 jobs were created in what was once a vibrant U.S. economy. Adding in discouraged workers drives the combined rate to 16.2%. Wage rates fell, as did the average workweek. Full Story »

Posted by Jon Mitchell - via Forbes, Real Clear Politics, Willie Bido (t), urmi das (t)

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Subjects: U.S., Politics, Business
Topics: U.S. Economy, Obama Administration, Jobs
Member Tags: am update
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# Diggs: 7 (as of 2011-07-13)
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Posted by: Posted by Jon Mitchell - Jul 11, 2011 - 2:15 PM PDT
Reviewed by: Jon Mitchell (review), Ben Ross (review), Gerald Zuckier (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Jon Mitchell - Jul 12, 2011 - 9:36 AM PDT
Related Comments: Obama Administration (3)

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Ben Ross
1.6
 by Ben Ross - Jul. 12, 2011

GOP talking points.... does not talk about what $ was spent on...or who received the $. Half truths....and dumb.

See Full Review » (11 answers)
Jon Mitchell
3.0
 by Jon Mitchell - Jul. 12, 2011
Jon posted this story.
See Full Review » (1 answer)
Gerald Zuckier
2.0
 by Gerald Zuckier - Jul. 12, 2011

More of a polemic based on a hypothetical Obama-free utopia than a clear eyed analysis of what is proved and what is not proved.

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