Unemployment soars to 5.5%

Jun 6, 2008 Full story: money.cnn.com 576

The unemployment rate took its biggest jump in more than two decades in May as employers once again cut jobs from U.S. payrolls, according to a government report Friday, showing a job market weaker than ...

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“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#1 Jun 6, 2008
US News
Senate Report: Bush, Cheney Knowingly Lied About Prewar Iraq Intel
SUWANNEE

Boca Raton, FL

#2 Jun 6, 2008
And this is just the tip of the iceberg.
DEPORT ALL ILLEGALS!

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“Everyone needs a hero.I'm mine”

Since: Dec 07

Gibson City, IL

#3 Jun 6, 2008
Seems Bush's economic stimulus plan is working. Today McCain will agree saying "Our economy is doing great, people are losing their jobs and....HEY, wait a minute?"

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#4 Jun 6, 2008
When Bush kept saying "we're turning the corner" did he mention he was driving backwards?

When Bush paints a rosy picture, expect the picture to be bleak. Bush is a campaigner, and as in campaigns, he thinks if he says it enough people will believe it.

But as in campaigns, eventually your promise becomes a task that needs to be delivered. Bush forgets taht part.
smell the coffee

New Brunswick, NJ

#5 Jun 6, 2008
did anyone expect anything different? you don't see anything like this in the great country of Cuba! We need to be more like them, let the government take care of us, we elect them for a reason now let them do their job!
MrLouis

Berryville, VA

#6 Jun 6, 2008
It was twice that for Jimeh Carter.
Palmerton Dad

Honesdale, PA

#7 Jun 6, 2008
Ya gotta love the spin.

Unemployment SOARs to 5.5%

Give me a break, Doesn't that mean we have 94.5% employment. Pretty good eh?

I wish the Doctor could tell me "We have a 94.5% chance of curing your cancer".

Or a 94.5% chance of hitting the lottery.

What baseball player wouldn't kill to get on base 94.5% of the time.

Just keep track of the spin with the same numbers if a dim get into the Whitehouse
MrLouis

Berryville, VA

#8 Jun 6, 2008
OneRyder wrote:
US News
Senate Report: Bush, Cheney Knowingly Lied About Prewar Iraq Intel
The Senat! Ha Ha Ha Ha Ha Ha Ha Ha Ha!

If you believe anything that comes out of there I have a bridge for sale cheap!

“Oak Ridge,TN ”

Since: Dec 06

Oak Ridge,TN

#9 Jun 6, 2008
Yeah and that matters how?So if the other guy did it thats makes it ok.Go hump your Shrub blowup doll.
MrLouis wrote:
It was twice that for Jimeh Carter.

“Oak Ridge,TN ”

Since: Dec 06

Oak Ridge,TN

#10 Jun 6, 2008
Yeah another great comment...NOT.Funny I dont see Shrub on TV anymore telling us all how great the economy is doing.
smell the coffee wrote:
did anyone expect anything different? you don't see anything like this in the great country of Cuba! We need to be more like them, let the government take care of us, we elect them for a reason now let them do their job!

Poe

“Don't tread on me!”

Since: Apr 07

USA

#11 Jun 6, 2008
Still a long ways from the unemployment rate of 7.5% and inflation rate of 12% under Jimmy Carter! Puts it into perspective doesn't it?

Read this for some prespective on today:

http://www.spectator.org/dsp_article.asp...

and this...

http://mrssatan.blogspot.com/2007/05/jimmy-ca...
AmberDot

United States

#12 Jun 6, 2008
Then why do I have such a hard time finding employees with half a brain? If there are that many unemployed then there must be some smart ones out there but I'm left with resumes that read (in part): "I'm well to identify, analyzes and solves problems". No lie - that's from an actual cover letter sitting in front of me right now and that's not even counting the multiple spelling mistakes.
Before you ask - no I'm not offering minimum wage and yes we have an above average benefits package.
Rant over - thank you!

Since: May 08

Sierra Vista, Arizona

#14 Jun 6, 2008
AmberDot wrote:
Then why do I have such a hard time finding employees with half a brain? If there are that many unemployed then there must be some smart ones out there but I'm left with resumes that read (in part): "I'm well to identify, analyzes and solves problems". No lie - that's from an actual cover letter sitting in front of me right now and that's not even counting the multiple spelling mistakes.
Before you ask - no I'm not offering minimum wage and yes we have an above average benefits package.
Rant over - thank you!
because the American education system produces McDonalds employees. Ever put one in a situation where they have to calculate your change? They get that deer in your headlights look and after a minute or so call the manager
Eleanor

Mundelein, IL

#15 Jun 6, 2008
5.5% doesn't seem like a whole lot . . . HOWEVER it's a DIFFERENT world today. People USED to have money to fall back on during the lean times. Now all they have are their charge cards, which are slowly getting maxed out. Some people WITH JOBS have already lost their homes. For people who live paycheck to paycheck, losing a job is a DESPERATE situation.

“Serenity Now!”

Since: May 07

York Township, OH

#16 Jun 6, 2008
Thanks, Democrat-controlled Congress.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#17 Jun 6, 2008
MrLouis wrote:
It was twice that for Jimeh Carter.
And your point is what? Bush is doing pretty good?

Bush has turned a once proud party of Repubs into a bunch of defensive fearful little children.

Point out an area of improvement and they'll go back 20 Presidents to find one that will allow them to say "I know I am, but what are you...naah nanna naah naah"
Miyamoto Musashi

Columbus, OH

#18 Jun 6, 2008
Put a Democrat in the White House and the rate will be 10%. They've simply undermined every American interest for four decades, hobbling US companies, funding and empowering foreign interests and refusing to penalize US companies for outsourcing.

Since: May 08

Bradenton, FL

#19 Jun 6, 2008
Palmerton Dad wrote:
Ya gotta love the spin.
Unemployment SOARs to 5.5%
Give me a break, Doesn't that mean we have 94.5% employment. Pretty good eh?
I wish the Doctor could tell me "We have a 94.5% chance of curing your cancer".
Or a 94.5% chance of hitting the lottery.
What baseball player wouldn't kill to get on base 94.5% of the time.
Just keep track of the spin with the same numbers if a dim get into the Whitehouse
It is not spun enough

Actually, everyone knows the unemployment rate the govt releases is always lower than reality ... This number does not include people that no longer are getting benefits, part-time jobs, and under employed individuals. The true unemployment rate is probably closer to 10%. I know quite a few college grads working for 10 bucks and hour ... Now, that is the American Dream.

See this link from 2002!

http://www.sfgate.com/cgi-bin/article.cgi...

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#20 Jun 6, 2008
Billy Hill wrote:
<quoted text>
because the American education system produces McDonalds employees. Ever put one in a situation where they have to calculate your change? They get that deer in your headlights look and after a minute or so call the manager
If your kid can't calculate change, blame the parents. Seriously, we didn't always blame others for our childrens shortcomings.

“Kiss Me You Fool!”

Since: Jan 08

Atlanta via Brooklyn NY

#21 Jun 6, 2008
Brittle Fingers wrote:
Thanks, Democrat-controlled Congress.
What did they do to increase the rate? Serious question, since you're blaming them and not the person who put forth the plan.

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