there will be gnashing of teeth and rending of garments in GOP lounges: Unemployment rate at 7.5%
The Unemployment rate for April dropped to 7.5%, a four year low.... there will be much gnashing of teeth and rending of garments in Republican salons across D.C. Oh my, what to do? what to do? They've succeeded in forcing cuts to Government programs just when economic stimulus is needed to climb out of their Trickle Down Deregulation disaster. They've gotten cuts to Government programs by threatening a government shutdown, Government default of our debt and threatening to end extended unemployment insurance benefits - without MORE cuts to social programs. They've thus managed to scare businessmen into being afraid to hire back full-time permanent workers (not knowing how far the Republicans will go to sabotage any Obama/Democrat crafted recovery) and instead businesses have relied heavily on contract workers and heavy use of over-time which helps keep the unemployment rate higher.
What's a good Republican insurgent to do!? The economy is growing inspite of all their recovery killing efforts. Well, I guess they'll have to be satisfied with the fact that they have slowed the recovery down by a few years - creating this current Republican Economic Dystopia of lethargic recovery to their TRICKLE DOWN DISASTER. Maybe they can be satisfied with the fact that in addition to restricting growth and keeping the unemployment rate high, the concentration of wealth in the hands of the wealthiest few percent has become even worse during this Republican Dystopia. So at least they can count on more Super-PAC contributions .. and independent campaign ads (i.e. Big Lies) in the future!
http://www.washingtonpost.com/business/april-jobs-report-will-show-whether-employers-remain-cautious-about-stepping-up-hiring/2013/05/03/c84315aa-b3a6-11e2-9fb1-62de9581c946_story.html
WASHINGTON — The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April — and far more in February and March than anyone thought.
The job growth in April drove down the unemployment rate to a four-year low of 7.5 percent and sent a reassuring sign that the U.S. job market is improving. Coming after a poor jobs report for March, the figures the government issued Friday helped ease fears that U.S. hiring might be slumping this spring for a fourth straight year.
The Labor Department revised up its estimate of job gains in February and March by a combined 114,000. It now says employers added 332,000 jobs in February and 138,000 in March. The economy has created an average of 208,000 jobs a month from November through April — above the 138,000 added in the previous six months.
“This is a good report,” said John Silvia, chief economist at Wells Fargo. “There’s a lot of strength... It’s good for the economy. It’s good for people’s income.”
(motr)
= new reply since forum marked as read
[font size="4"]"Obviously, we haven't been doing enough to kill the recovery."
But they sure have given it a helluva try! [/font]
