NEW YORK (Reuters) - U.S. private employers cut 473,000 jobs in June, more than expected but down from the 485,000 jobs lost in May, a report by a private employment service said on Wednesday.
The median of forecasts from 25 economists surveyed by Reuters for the ADP Employer Services report, jointly developed with Macroeconomic Advisers LLC, was for 393,000 private-sector jobs lost in June.
Though June's job loss was the smallest since October 2008, the surprisingly large number of cuts deals a setback to those expecting the U.S. economy to recover soon.
oh, but I thought recovery was on the horizon, like that putz bonddad on Kos wrote in his latest bullshit diary. What a crock of shit.
How's that stimulus package working out America??
Is the Recession Over?
http://www.youpolls.com/details.asp?pid=5648
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This calls for another TAX cut for the RICH....right Conservatives? NO NO...How about some more Bogus Bankrupting wars? Better yet, lets deregulate things like Uncle Ronnie Reagan did? Remember when the FOOD WAS SAFE TO EAT? (we HAD an FDA)
As a matter of fact ,Remember when it was FOOD & not Chemicals, Plastic (see KRAFT cheese), 'food' Coloring & Corn Syrup (ADM supermarket to the world)?
Feel safer ......NOW?
Americans would rather complain instead of thriving in a jobless economy. Been there, done that, wrote a blog to once and for all end wage slavery and poverty.
bush macroeconomics at work, neoncons broke it, you OWN it!
Darren-
Only about 5% of the stimulus money has been distributed. At least 30% or so will be doled out this summer. Only THEN will we know if it is working. Until then, there is insufficient data to draw any conclusions.
That said, until we start manufacturing products in this Country that people want, any move will be just a band-aid on a hopelessly broken economic model of bogus "free-trade" arrangements. Either the "free-trade" agreements must be disbanded, or proper tariffs on imported goods levied to restore a fair trade balance.
WAKE ME WHEN THE JOBS COME BACK TO AMERICA.
[...] Online Store var addthis_pub="otero1"; US private sector sheds 473,000 more jobs in June (Reuters) [...]
[...] U.S. private sector lost 473,000 more jobs in June. How is the U.S. economy going to recover if it keeps losing half a million jobs per [...]
Obama is letting these jobs float away so that he can have total control over the country. I hope he's praying on what he's doing, because it's very dangerous. I know he's a Christian man and many Republicans are very scared of him, but he is trying to do a lot of good things with national security and the War on Terror. I just hope he doesn't turn sharply towards socialism again. Those first few months made a lot of people break out in a cold sweat whenever the new headlines hit. Stimulus dollars through the roof, and then bailout after bailout after bailout, with nary a word of how any of it was going to be paid for. Maybe saving money on the freedom that George Bush established in Iraq will pay for some of all the new spending, but I fear our taxes are going to go to the moon. Pray on it, Obama, and do the right thing.
Both camps are missing the real issues here, both on the left and the right. but that's to be expected, as you both are just two side of the same corporatist coin, weather you know and understand that or not. The left just want a socialist utopia, the right just want to get rich in war... both of you are too blind to see that you are both after the same thing. The nazis were and what little of them is left SOCIALISTS! The left and right of this country have very similar mindsets to the nazi reich, everybody working in defense, everybody paid well for grunt jobs... WHERE DO YOU THINK THE MONEY TO PULL THAT OFF COMES FROM!?!?!?!? Two sources: innovation destroying taxes, and violent expansion. The war machine needs the fresh meat of young bodies courtesy of the libertine values and cost offsets to having mindless procreation via socialism of the left, and the nationalistic fervor and militaristic mindset and values of the right. There is a better way, and that better way is your BIRTHRIGHT as an American.. But to figure out what that is, you have to educate yourself and undo the GENERATIONS of lies and unamerican thinking that is poisoning your mind. A good places to start would be the Mises institute, just look them up and keep an open mind. Your very Liberty is at stake, learn before it is tragically too late.
Since congress did this to taking our jobs overseas, I propose we tighten our belt and reduce congress..Instead of two to four representitives per state make it one..That would save us tons of money amd cut some of the pay for play..