Jobless rates rise in US cities for sixth month
http://economictimes.indiatimes.com/...ow/4834844.cms
"A full 144 metropolitan areas reported jobless rates of at least 10 percent in the month, up from 112 in May. A year ago, only six cities had rates that high."
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But, but...."The Recession is OVER" (Newseek)
http://www.wtol.com/Global/story.asp?S=10802737
This article covers June 2010, but now it's almost the end of July - my guess is 10.2% overall unemployment will be reported in early August covering July 2010. That number excludes the underemployed and those that have had their salaries cut or days off scheduled - without pay. Also, it's my understanding that even with the federal extensions, many unemployed people will exhaust unemployment benefits by the end of July or August - I'm not sure what happens to that group - unemployment count-wise as they sort of fall off the grid.
It’s getting really sad. There seems to be little doubt that the Stimulus Package as it turns out is really not a jobs creating bill. So, what will turn all this around?
Also, good health is the most important thing in life – but, a job is a very close second at least for those that need a job to survive – it’s hard to even imagine the pain that millions of Americans are going through, yet the federal government is screwing around with health insurance and cap/trade when 10-12 million Americans can’t find work. Plus, Obama is leasing a $20 million farm on Martha’s Vineyard for vacation time. In addition, we now know that Obama is a racist just like all his close friends.
With that said, what’s your guess as to the exact unemployment percentage for July 2010?
The closest guess, without going over the exact number gets a virtual $100 bill.