Payrolls drop by 125K, unemployment rate falls to 9.5 percent
July 2, 2010 at 3:23 am in West Central Tribune
WASHINGTON A wave of census layoffs cut the nation’s payrolls in June for the first time in six months, while private employers added a modest number of jobs. The unemployment rate dipped to 9.5 percent, its lowest level in almost a year. Continue Reading
“Unemployment dropped from 9.7 percent to 9.5 percent, the lowest level since July 2009. But it fell because 652,000 people gave up on their job searches and left the labor force. People who are no longer looking for work aren’t counted as unemployed.” So, 652K people stopped looking. How many more are out there in the same situation? What’s the real unemployment rate? Double the 9.5% they say it is? If they know 652K quit looking, then they should be able to figure out the real rate!! It’s not rocket science, it’s numbers!
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Don’t forget that the people whose UI ran out are also not counted.
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That stimulus pkg is really working well, isn’t it. LOL
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Harold – stop reading this stuff and start your own newspaper.
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79%?? Where does that figure come from, Harold? Please give your source.
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Harold’s source lives in that vast space between his ears. The source of the source in the vast space is FOX.
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I suspect as much, too, Gary – I sure would like him to fess up to it, tho…
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