On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) – 32 minutes ago

WASHINGTON — It's the clearest sign yet the recession is finally ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.
Look at this.
http://www.foxnews.com/opinion/2009/...-unemployment/

I won't vouch for the numbers - not interested enough to dig deeper.
But they seem closer to reality then the rah rah Wall Street numbers.
Keep in mind pimping for Wall Street is the national past time for
both Dems and Reps.
But Fox hates Obama even more than it loves Wall Street, so I look at
these numbers as a dose of reality.
See that in December 1.5 million unemployed exhaust their unemployment
benefits?
Merry Christmas.

--Vic