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  • UNEMPLOYMENT highest since daddy bush

    "Jobless Rate Hits 6.4 Pct., 9-Year High''

    by LEIGH STROPE, AP Labor Writer

    WASHINGTON - The nation's unemployment rate shot up to 6.4 percent in
    June, the highest level in more than nine years, in an economic slump
    that has cost nearly a million jobs in the last three months.

    Businesses slashed 30,000 jobs just last month, with cuts heavily
    concentrated on factory assembly lines, the Labor Department (news -
    web sites) reported Thursday.

    The 0.3 percentage point increase from May's 6.1 percent rate was the
    largest month-to-month rise since the Sept. 11, 2001 terror attacks.
    That surprised analysts who predicted a smaller rise, to 6.2 percent.
    The last time the overall rate was higher was in April 1994.

    While recent economic indicators point to an economy struggling toward
    recovery, the latest report demonstrated that America's job market was
    still very much in a state of recession last month.

    Since March, unemployment has increased by 913,000. Two million people
    were unemployed for 27 weeks or more last month, an increase of
    410,000 since the start of the year. Only in March 1994 was the
    unemployment rate higher.

    Another factor behind the increase in the overall civilian
    unemployment rate was the increase in the number of people seeking
    work in June. Optimism about an economy rebound led over 600,000
    people to resume their search for work.

    Because the government calculates the overall unemployment rate based
    on a survey of American households, and because the lackluster economy
    wasn't producing enough jobs to accommodate increasing number of
    job-seekers, that rate increased significantly.

    Manufacturing led in payroll cuts last month, with 56,000 jobs lost.
    Since July 2000, the nation's factories have cut 2.6 million jobs.

    That sector has been the weakest link in the economy's ability to get
    back to full speed. Slack demand at home and abroad and competition
    from a flood of imports have throttled back production.

    Construction jobs helped offset manufacturing losses somewhat last
    month, with the fourth straight gain in hiring. Construction has added
    101,000 jobs since February, reflecting strength in residential
    building.

    The mortgage boom, stoked by record low rates, has been the bright
    spot in the dismal economy. People are buying new homes and
    refinancing their old mortgages. The extra cash from refinancing
    combined with solid home-value appreciation have kept consumer
    spending afloat.

    Other hiring gains last month were in health care, leisure and
    hospitality and temporary employment services.

    In a separate report, new claims for jobless benefits rose last week
    to 430,000, an increase of a seasonally adjusted 21,000 from the
    previous week's revised 409,000 claims.

    The more stable, four-week moving average of claims, which smooths out
    weekly fluctuations, dropped to 425,000. That was the lowest level
    since April 5.

  • #2
    UNEMPLOYMENT highest since daddy bush

    And why is it always hardhearted liars ( compassionate republicans), blame
    someone else for everything.
    It is Clinton fault, liberman said similiar, Carter.... As long as it is not
    the village idiot Bush.




    "Julia Robots" <[email protected]> wrote in message
    news:[email protected]
    On 3 Jul 2003 06:02:05 -0700, [email protected] (Mr Robert J. Cornholio) wrote:
    "Jobless Rate Hits 6.4 Pct., 9-Year High''
    <snip liberal propaganda> It is true that Bill Clinton messed things all up during his time in office.

    Comment


    • #3
      UNEMPLOYMENT highest since daddy bush

      Julia Robots <[email protected]> wrote in message news:<[email protected]>. ..
      On 3 Jul 2003 06:02:05 -0700, [email protected] (Mr Robert J. Cornholio) wrote:
      "Jobless Rate Hits 6.4 Pct., 9-Year High''
      <snip liberal propaganda> It is true that Bill Clinton messed things all up during his time in office.
      What an informative reply. Ironic since your made-up email address is NOTSPAM.

      If it looks like spam, smells like spam... you know the rest.

      Julia Robots = Spam Master

      Comment


      • #4
        UNEMPLOYMENT highest since daddy bush

        [email protected] (Eric da Red) wrote in message news:<[email protected]>...
        In article <[email protected]>, Julia Robots <[email protected]> wrote:
        On 3 Jul 2003 06:02:05 -0700, [email protected] (Mr RobertJ. Cornholio) wrote:
        "Jobless Rate Hits 6.4 Pct., 9-Year High''
        <snip liberal propaganda>It is true that Bill Clinton messed things all up during his time inoffice.
        Are you sure it wasn't all those taxes raised during the Lincoln Administration?
        Im sure if Bill Clinton messed things up. Bush can't correct it 3 years later ??
        What excuse do the bush recessionists have now ??

        Comment


        • #5
          UNEMPLOYMENT highest since daddy bush


          "Transition Zone" <[email protected]> wrote in message
          news:[email protected] om...
          [email protected] (Eric da Red) wrote in message
          news:<[email protected]>...
          In article <[email protected]>, Julia Robots <[email protected]> wrote:
          On 3 Jul 2003 06:02:05 -0700, [email protected] (Mr RobertJ. Cornholio) wrote:>"Jobless Rate Hits 6.4 Pct., 9-Year High''<snip liberal propaganda>It is true that Bill Clinton messed things all up during his time inoffice.
          Are you sure it wasn't all those taxes raised during the Lincoln Administration? Im sure if Bill Clinton messed things up. Bush can't correct it 3 years
          later ??
          What excuse do the bush recessionists have n

          Thomas Jefferson messed it up with his fake tax drcreases !


          Comment


          • #6
            UNEMPLOYMENT highest since daddy bush

            "James Wilson" <[email protected]> wrote in message news:<[email protected]>...
            "Transition Zone" <[email protected]> wrote in message news:[email protected] om...
            [email protected] (Eric da Red) wrote in message
            news:<[email protected]>...
            In article <[email protected]>, Julia Robots <[email protected]> wrote: >On 3 Jul 2003 06:02:05 -0700, [email protected] (Mr Robert >J. Cornholio) wrote: > >>"Jobless Rate Hits 6.4 Pct., 9-Year High'' ><snip liberal propaganda> >It is true that Bill Clinton messed things all up during his time in >office. Are you sure it wasn't all those taxes raised during the Lincoln Administration? Im sure if Bill Clinton messed things up. Bush can't correct it 3 years
            later ??
            What excuse do the bush recessionists have n
            Thomas Jefferson messed it up with his fake tax drcreases !
            I thought Bill Clinton was at fault for starting WWII, hehe.

            Comment


            • #7
              UNEMPLOYMENT highest since daddy bush

              In article <[email protected] >,
              Transition Zone <[email protected]> wrote:
              [email protected] (Eric da Red) wrote in message news:<[email protected]>...
              In article <[email protected]>, Julia Robots <[email protected]> wrote:
              On 3 Jul 2003 06:02:05 -0700, [email protected] (Mr RobertJ. Cornholio) wrote:>"Jobless Rate Hits 6.4 Pct., 9-Year High''<snip liberal propaganda>It is true that Bill Clinton messed things all up during his time inoffice.
              Are you sure it wasn't all those taxes raised during the Lincoln Administration?
              Im sure if Bill Clinton messed things up. Bush can't correct it 3 years later ??What excuse do the bush recessionists have now ??
              Changing the subject usually works, especially with the puppy press.

              Popular excuses are ...

              It's still all Clinton's fault.

              The Shrub's critics are revisionist historians.

              These things take time.

              Lookee here! Potash production in Kansas is up 3.4% from last year!
              The economic recovery is well underway!




              --
              Quote Of The Week: "People are free to believe that Saddam was somehow
              involved in 9/11 or other terror attacks on Americans even if they haven't
              seen the absolute proof. That doesn't make them wrong." -- B*ll B*nd*

              Comment

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