The new job data is out and it was so bad it caused a 300+ point drop in the Dow Jones. The market is now down over 10% since late April. Robert Reich is now saying what I thought would happen: we are headed into a double dip recession. Basically, only 431,000 jobs were created, but that itself is very deceiving.
New York Post's archives
Job Numbers and Census Jobs
Posted by Andrew in June 5th 2010
Swift Wits: Stimulating Job Loss, Goldflation and the Volatile Chastity Market
Posted by Andrew in June 5th 2009
The May numbers are out and the United States lost over 500,000 jobs last month. The Dow Jones may have rebounded some, but every liberal, and most conservatives, will tell you that just affects those evil rich people. Average folks are still losing their jobs despite bailout after stimulus after bailout, etc.
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