Sunday, August 9, 2009

The economy shed 247,000 jobs in July, less than expected and lowest total of losses since last August. Unemployment rate inches down to 9.4%.



Note the steady decline in the jobless rate. Although some might scoff at the fact that jobs are still being lost those people aren't looking at the history pre Stimulus push. If we were losing 700,000 jobs a month and now it is 250,000 that shows progress. I believe as a last grasp naysayers will thurst 'Will this is the natural business cycle.' I hear that but I think it is a sorry excuse to not recognize that it is ironic that the business cycle came into focus only after the intro of the new Administration. Right?

Place this on your e-boards that the oppostion will turn position from the 'Stiulus isn't working' to a new three word phase.

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