Unemployment 9.7% despite massive Fed Hiring
Printed From: MiddletownUSA.com
Category: Outside World
Forum Name: News, Info and Happenings outside Middletown
Forum Description: It might be happening outside Middletown, but it affects us here at home.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=3026
Printed Date: May 03 2024 at 1:16am
Topic: Unemployment 9.7% despite massive Fed Hiring
Posted By: John Beagle
Subject: Unemployment 9.7% despite massive Fed Hiring
Date Posted: Jun 04 2010 at 9:58am
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Massive hiring of 411,000 temporary census workers helped push down the unemployment rate in May, but the nation's private-sector employers added only 41,000 new jobs last month, the Labor Department said Friday.
Only 41K jobs were created, far less than the projected 175K jobs for May. Despite spending $787 billion on the American Recovery and Reinvestment Act (ARRA) has had little or no effect on job growth in America. VP Biden still promises 3.5 million jobs, but that sounds more like an empty pledge and not founded in any real statistical calculation. House Minority Leader John Boehner (R-Ohio) said: "The president promised his ‘stimulus’ plan would keep unemployment below eight percent and create jobs ‘immediately,’ yet the unemployment rate remains unacceptably high at 9.9 percent, millions Americans have lost their jobs since the ‘stimulus’ was enacted, and one out of 10 remain out of work." ------------- http://www.johnbeagle.com/" rel="nofollow - John Beagle Middletown USA News of, for and by the people of Middletown, Ohio. |
Replies:
Posted By: High Speed Rail??
Date Posted: Jun 04 2010 at 10:54am
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Thanks, John.
Leave it to Jolly Joe Biden to utter the latest edition of "smoke and mirrors" from Washington, D.C. And just think, our top management at City Hall has spoken so highly about the Federal government (borrowed from China) "stimulus-schtimulus" funny money.
One can only conclude that bureaucrats in Washington, D.C. seem to be the key role models for the second floor occupants of One Donham Plaza!
As Viet Vet would say, "What a City!"
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Posted By: Bobbie
Date Posted: Jun 04 2010 at 11:34am
| Just wait till the end of summer when the temporary jobs are gone. |
Posted By: High Speed Rail??
Date Posted: Jun 04 2010 at 11:45am
| Has anyone seen a certain City Council member wearing their Obama jacket lately ?? |
Posted By: Hermes
Date Posted: Jun 06 2010 at 12:32pm
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9.7% is a joke....the "real" figures are closer to 20%.
The fed does not count the people when their unemployment runs out,they only count current on the rolls unemployed. The entire economic disaster is one big joke. ------------- No more democrats no more republicans,vote Constitution Party !! |
Posted By: Bocephus
Date Posted: Jun 06 2010 at 1:30pm
Wonder who that would be?
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High Speed Rail?? wrote:Posted By: wasteful
Date Posted: Jun 06 2010 at 3:01pm
| I didn't think they ever took it off since day one. |
Posted By: islabucasgrande
Date Posted: Jun 15 2010 at 1:26pm
| There are some who just did and they dont seem to know now how they are going to hide his face before the crowd. |