My first reaction was, "Is this a joke or what?"
Eleven years ago George Walker Bush and Richard Cheney took office. Does anyone want to figure out the percentages of increase in unemployment, the national debt and the price of gasoline under their two terms in offce? I mean the end of 2008 is a joke compared to the success in the Obama administration from allowing the USA to fall off the recession cliff into the depression cliff.
I remember this article in 2001. That is how fast the economic deterioration of ANY Bush administration occurred including H. W. Bush.
...The unemployment rate in the United States (click title to entry - thank you) rose to 4.5% in June, according to official Labor Department figures.
The rise comes as economists said economic growth in the US was virtually non-existent during the months April, May and June.
Heavy job losses in the manufacturing sector and a fall in service sector demand to a 10-month low, helped cause the loss of 114,000 jobs during June.
The 0.1% rise from May's 4.4% rate lifted unemployment back to the year-high level last seen in April.
And economists say the jobless rate could rise again despite any boost to economic growth from recent interest rate cuts and tax refunds.
By the end of the year, US unemployment will have risen beyond 5%, some have predicted.
Temps hit
Most of last month's job cuts came in the manufacturing sector. About 113,000 factory jobs were cut, with almost half being accounted for by electronic equipment makers and industrial machinery makers.
But even the service sector was hit. About 5,000 new jobs were created in the sector, the weakest rise since August 2000 when 15,000 jobs were lost.
People without work security suffered in June too, with temping firms, hotels and amusement parks letting workers go for the ninth month in a row....
