Saturday, June 6, 2009

Unemployment hits 9.4%

The unemployment rate continued to rise, increasing from 8.9 to 9.4 percent. Steep job losses continued in manufacturing, while declines moderated in construction and several service providing industries.

The Obamedia is calling 345,000 jobs lost in a month Good news! The news is only bad, not really, really awful. That Great Depression 2.0 that they were pretending was a threat will not happen.

But here's the real story:

Look at the last row. All of the job loss in the past 6 months has been in private sector employment. 4 million jobs, a contraction of private sector jobs by a massive 4%. Obama's stimulus is doing nothing for the private sector.

No comments: