Friday, August 7, 2009

happy days are here again

As deep into the trough of this recession/depression as we've ever been. Despite trillions of "stimulus" money spent, little relief for the unemployed.

Here's the headline:

Jobless rate down for first time in a year
The economy shed 247,000 jobs in July, less than expected and lowest total of losses since last August. Unemployment rate inches down to 9.4%.


CNN Money article here

read deeper: Job losses for July: 443,000
The unemployment rate fell even as employers continued to cut jobs because the Labor Department estimated there were 237,000 fewer people it counted as unemployed.
...even though in actual fact: thay ARE NOT working - they just are no longer counted.

Actual job losses 443,000.

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