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Originally Posted by Danzig
our stimulus and recovery is just fine?! really?!?! i read today that if you include people working part-time who used to work full time, and people who have given up on finding a job into the unemployment figures, that we're at almost 17% unemployment. yeah, it sounds just peachy to me. but i guess i should listen to barack more, and the naysayers less....
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"The unemployment rate fell to 9.4 percent as the U.S. economy shed 247,000 jobs in July, the government announced on Friday morning. The drop -- the first in 15 months -- comes as a surprise; economists had expected the rate to rise to as high as 9.7 percent.
By a broader measure that includes people who've given up looking for work or who can't find full-time jobs,
the unemployment rate fell to 16.3 percent, down from 16.5 percent in June."
'Zig, read this synopsis of the major economic indicators this guy has cobbled from Bloomberg, etc. We're not out, by any means, and won't be soon, but we are standing back from the precipice.
http://www.huffingtonpost.com/hale-s..._b_254600.html