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: TalkLeftWhite House Fantasy: "Signs Of Gradual Labor Market Recovery"
By Big Tent Democrat
In response to today's horrendous employment report, the the White House spin is appalling:
Todays employment report shows continued signs of gradual labor market recovery. Private nonfarm payroll employment increased by 83,000 in June and the unemployment rate fell two-tenths of a percentage point to 9.5%. June marks the sixth month in a row that private sector employment has increased. These continued signs of healing are important, particularly given the recent volatility in world markets and the mixed behavior of other recent economic indicators. However, much stronger job gains are needed to repair the damage caused by the financial crisis and put the millions of unemployed Americans back to work.
This is sheer nonsense. 652,000 left the work force this month. Only 82,000 private sector jobs added. This is unbelievable nonsense from the White House. And to no avail. No one believes it. The White House's delusions on the jobs issue is a clear and imminent threat to the political prospects of the Democrats, in 2010 and 2012.
Speaking for me only
Full post as published by TalkLeft on July 02, 2010 (boomark / email).
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