Saturday, September 8, 2007

U.S. Jobs Fall for First Time in Four Years

Why is this data a surprise to anyone in the government...it's like looking at your clock at 11:00 at night and being surprised it's dark out!

I could have just added the last 10 companies that announced job cuts just in the mortgage industry and could have come up with 100k losses...and that doesn't include construction, real estate, home improvement etc.

Besides that the unemployment percentage is a farce...the only reason that the percentage stays the same is because when people "Stop" looking they are no longer included in the job.

I'd be interested to see a monthly comparison that includes unemployed people under the standard definition along with people that are on welfare...

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