So, if you haven’t read this yet, cause it’s been all over the news.  Hiring has risen in the month of July but the unemployment rate has gone up.  What does that mean.  It means that there is more down sizing than hiring.  It is an election year, so both parties are going to use these numbers to their advantage.  Romney of corse is going to use this information to say that the administration’s economic policies aren’t working.  I love how the president is blamed for Congress’s inability to do anything.  The president will use these numbers to say that Congress needs to act on the Dream Act and other job creation bills, that the government needs to get involved more.  What do these numbers say to me, they say that the economy still isn’t growing, and that more people have given up on finding work.  Hopefully those people are looking to better themselves with more education.  We see there are sectors of the economy that are growing, but there aren’t people who can fill these positions.

 

Related articles

• Real US unemployment: More than 15% (rt.com)
• Congress Moves To End Manipulated Unemployment Rate (dprogram.net)
• Unemployment to have risen in July (news.theage.com.au)
• Summer Rally – 1440? (yelnick.typepad.com)
• US economy adds 163K jobs, rate rises to 8.3 percent (bostonherald.com)
• Slow Economy Progress: 163,000 New Jobs Created Unemployment Rises to 8.3% (themoderatevoice.com)
• Number of times monthly unemployment rate has been lower than when Obama took office (coralvillecourier.typepad.com)
• 195,000 Fewer Americans Had Jobs In July; 150,000 Dropped Out Of Labor Force (thedaleygator.wordpress.com)
• ‘Real’ Unemployment Rate Even More Troubling… (cnbc.com)
• Overall Unemployment Rises to 8.3%, Black Unemployment at 14.1% (politic365.com)

This post was written by: PurplePolitico