US unemployment rate reaches 5.5%

[gator]

No doubt this is hurting, but the bigger issue right now is the pressures brought on our economy by the outrageous prices we are paying for energy.

If the Dems would have allowed us to develop our own natural resources, this could have been avoided completely.

The price we are paying for fuel is the economic equivalent of a HUGE tax increase.

We are paying more money for oil because of the devaluation of the dollar, which is a result of high government deficit spending.

[LogansPapa]

We are paying more money for oil because of the devaluation of the dollar, which is a result of high government deficit spending.

I can think of a place where the 140,000,000 Americans can pick up $78.57 per year extra cash.;)

[lacarnut]

What, are smoking crack in your mom's basement? Google just listed all 1,245 news articles on the subject at 30 minutes after the hour. Hello? Is anyone out there? Hello?

So what. Am I supposed to be impressed with the number of news stories. Are you so studpid that you can not read. I told you that the number was downgraded from 5.2% to 5% in the prievious month and that the .5% increase this month may also be downgraded when new figures come out. If you do not understand that government figures are upgraded and downgraded all the time, you are the one either smoking crack or you do not have a clue about how government figures. FYI, I worked as an auditor for the LA Dept. of Revenue. I think I know more than some journalist or even you on how government works.

[LogansPapa]

Yep - it’s a good thing. My bad.


Overall, the economy has shed 324,000 jobs this year, the worst start to a year since 2002, when the nation was still struggling with the aftereffects of a recession.

The job losses in the payroll report were widespread, as the battered construction industry lost 34,000 jobs and manufacturers cut 26,000 jobs from the nation's factories. But the service sector also saw job losses in many sectors, as retailers trimmed 27,000 jobs. The business and professional services categories took a 39,000 job hit.

"The business and professional has to be a focus of concern. The job losses have broadened out," Silvia said. "Those are generally good-paying jobs. This is a clear sign the weakness is spreading beyond the construction and manufacturing."

http://money.cnn.com/2008/06/06/news...ion=2008060612

[lacarnut]

Yep - it’s a good thing. My bad.


Overall, the economy has shed 324,000 jobs this year, the worst start to a year since 2002, when the nation was still struggling with the aftereffects of a recession.

The job losses in the payroll report were widespread, as the battered construction industry lost 34,000 jobs and manufacturers cut 26,000 jobs from the nation's factories. But the service sector also saw job losses in many sectors, as retailers trimmed 27,000 jobs. The business and professional services categories took a 39,000 job hit.

"The business and professional has to be a focus of concern. The job losses have broadened out," Silvia said. "Those are generally good-paying jobs. This is a clear sign the weakness is spreading beyond the construction and manufacturing."

http://money.cnn.com/2008/06/06/news...ion=2008060612

Like I said this .5% increase in one month unemployment is not a monumental concern as long as the employment rate stays stable and there are plenty of jobs to be found. The media and dipshits like Greenspan have been trying to put us into a recession for the last 2 years. Like someone's else said, anyone that wants a job can get one that does not have lead in their ass. That is a fact so once again I say all these figures are meaningless unles you just want to cry, bitch, moan, groan, country going to pot and any other liberal bull shit you want to come up.

BTW, I would bet you even money that the guy that wrote that articel for Money will vote for Obama. He starts off the sky is falling routine in his first paragraph so that tells me that he is a loony liberal in my opinion with his tirade about high oil prices, housing crash, credit markets etc. etc..

[Constitutionally Speaking]

Ah, the ol’ "But Clinton Did This and Didn’t Do That" default position. How many thousands of days has BubbaCheeseBurger been out of the Oval Office now? Like blaming the dog when the cat shits on the rug.

Could be that part about the unemployment rate growing at a pace not seen for 20 years.

I'm not blaming Clinton. I am just drawing a comparison in the way things are reported. During much of the Clinton administration we had far higher rates of unemployment and it got reported as an economic boom.

Here we have an unemployment rate that is lower than the historical average of each of the last few decades and the media plays chicken little.

Wages are higher - even AFTER adjusting for the recent price increases than at ANY POINT during the Clinton administration and yet we have the media searching out doom and gloom stories.


How about a bit of fairness in the reporting????

[Constitutionally Speaking]

We are paying more money for oil because of the devaluation of the dollar, which is a result of high government deficit spending.

I was not disagreeing with you, because what you said is absolutely true, but the main reason we are paying more for oil is simple supply and demand, and the Democrats have prevented us from increasing supply.

[Constitutionally Speaking]

I can think of a place where the 140,000,000 Americans can pick up $78.57 per year extra cash.;)

???????

[LogansPapa]

???????

Reference our support of Israel for clarification.;)

[gator]

I was not disagreeing with you, because what you said is absolutely true, but the main reason we are paying more for oil is simple supply and demand, and the Democrats have prevented us from increasing supply.

Because dollars are cheaper the buyers have to offer more.