It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Employers in the U.S. cut 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated, offering little evidence the Obama administration’s stimulus package is shoring up the labor market.
Originally posted by Scooby Doo
Yeah, it's getting worse and worse. But I really want to understand why! A lot of companies are making no sense by cutting down on employees!
Employers in the U.S. cut 467,000 jobs in June, the unemployment rate rose and hourly earnings stagnated, offering little evidence the Obama administration’s stimulus package is shoring up the labor market.
www.bloomberg.com...
[edit on 6-7-2009 by Scooby Doo]
Originally posted by Histopherness
The numbers are even worse then that. Unemployment statistics do not include mothers not working but would like to unless they are going back into the work force, they don't include students, because a student has an occupation, they don't include people who have pretty much given up and are not actively looking for work. They pretty much only include people that had a job and are currently looking for employment, as well as those who have recently graduated and are looking for work. You can probably adjust several percentage points up from official unemployment statistics for a real unemployment rate