Eisboch wrote:
"hk" wrote in message
. ..

U.S. Payrolls Drop 51,000 Jobs; Jobless Rate Rises

By Shobhana Chandra

Aug. 1 (Bloomberg) -- The U.S. unemployment rate rose to the highest level
in more than four years as employers cut jobs again in July, increasing
the threat of a deeper economic slowdown.



Look at it this way. Of course we are in an economic downturn cycle.
Employers are doing what they need to do in order to stay in business.

If they didn't .... there would be fewer companies around, hiring and
helping to fuel the recovery, when it comes ... and it will.

See? There's always a silver lining.

Eisboch




*My* concern is that the social safety net has been so decimated in the
last few years that there will be millions more Americans suffering
through long-term unemployment without extended benefits or access to
health care, and many American families will be tossed out of their homes.

While the rich get richer.