Unemployment up in two-thirds of metro areas

[Pale Blue Dot]

Source: MSNBC

Sharp reversal from the previous month and the most since June

Unemployment rates rose in more than two-thirds of the nation's largest metro areas in November, a sharp reversal from the previous month and the most since June.

The Labor Department says unemployment rates rose in 258 of the 372 largest cities, fell in 88 and remained the same in 26. That's worse than the previous month, when the rate fell in 200 areas and rose in 108.

The economy is strengthening, but employers have been reluctant to create jobs. Hiring will pick up in 2011, but not enough to significantly lower the unemployment rate, economists forecast.

Many laid-off workers are giving up. In states such as Michigan, unemployment rates are falling because more people have stopped looking for work. Once they do, the government no longer counts them as unemployed.

Read more: http://www.msnbc.msn.com/id/40912172/ns/business-stocks_and_economy/

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If businesses really thought that hiring was going to increase their bottom line in the short or long term, they'd be doing it now, while the "economy is strengthening." Why aren't they?

What do they know that most don't?

[Jackpine Radical]

1. Unemployment is good for the economy

so quit whining.

Remember that every lazy unemployed American is one less greedy mouth for corporate America to feed, and a boon to the collective bottom line of the capitalist system.

Didn't you get the message? The economy is recovering, and not having to pay these ridiculous wages is the backbone of the recovery.