WASHINGTON – Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy's road to recovery will be bumpy. The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on a solid ground.____(JEANNINE AVERSA,/AP Economics Writer)___________
This is a 6/10th's of a point jump in unemployment in one calender month as the Bush/Obama recession is now digging deep into American economy. Lost jobs are now adding up and consumers are spending less due to gasoline prices going up. Some states are now feeling the pinch on both sales taxes and other state revenue drops.
It's A Recession!!
It's A Recession!!
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"It Ain't Over Till It's Over"
Yogi Berra
"It Ain't Over Till It's Over"
Yogi Berra
