Monthly Archives: April 2009

Recession Over? Jobless Rate at 8.5%! Memories!

 The Economy is Sound? Right!

This reminds me of when the talking heads on TV, and certain conservative politicians, were telling us how strong our economy is! The jobless rates has climbed to 8.5% in the US, and over 663, 000 jobs have been lost. This is the highest jobless rate since 1983, and job losses have come from a variety of business sectors in the US.

Since the recession was acknowledged to have started in late 2007 (not that anybody was admitting it), Americans have lost over FIVE MILION jobs. However, we have to admit that the past few months have posted most of the job losses.

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