red states rule
06-12-2009, 04:31 AM
http://photos.smugmug.com/photos/555359332_Vpvv3-M.jpg
The liberal media, and Obama supporters try to point out that it the rate it is rising is slowing, but ignore some other stats in the economy that are just as gloomy as past weeks.
Over 6 million without jobs, and a few months ago the figure was over 4 million. Oh yea, Obama is saving and creating jobs alright
Weak job market may crimp spending, slow recovery
WASHINGTON – The number of people receiving unemployment benefits has set another record, a development likely to weigh on consumer spending and slow the economy's recovery.
While retail sales rose in May, the increase resulted largely from a spike in gasoline prices and higher auto sales, according to a report from the Commerce Department. Overall, the retail report Thursday showed consumers remain reluctant to spend, economists said.
"The jobs picture continues to be one of the most significant challenges to the economy," said Dean Curnutt, president of Macro Risk Advisors, a financial strategy firm. "It's very difficult to be bullish on consumer spending when you're looking at unemployment rates that are so high."
The number of people continuing to claim benefits exceeded 6.8 million in the week ending May 30, the Labor Department said Thursday. That was the 19th straight weekly record, after a drop last week was revised to an increase.
http://news.yahoo.com/s/ap/20090611/ap_on_bi_go_ec_fi/us_economy
The liberal media, and Obama supporters try to point out that it the rate it is rising is slowing, but ignore some other stats in the economy that are just as gloomy as past weeks.
Over 6 million without jobs, and a few months ago the figure was over 4 million. Oh yea, Obama is saving and creating jobs alright
Weak job market may crimp spending, slow recovery
WASHINGTON – The number of people receiving unemployment benefits has set another record, a development likely to weigh on consumer spending and slow the economy's recovery.
While retail sales rose in May, the increase resulted largely from a spike in gasoline prices and higher auto sales, according to a report from the Commerce Department. Overall, the retail report Thursday showed consumers remain reluctant to spend, economists said.
"The jobs picture continues to be one of the most significant challenges to the economy," said Dean Curnutt, president of Macro Risk Advisors, a financial strategy firm. "It's very difficult to be bullish on consumer spending when you're looking at unemployment rates that are so high."
The number of people continuing to claim benefits exceeded 6.8 million in the week ending May 30, the Labor Department said Thursday. That was the 19th straight weekly record, after a drop last week was revised to an increase.
http://news.yahoo.com/s/ap/20090611/ap_on_bi_go_ec_fi/us_economy