First time jobless claims came in at 366,000 for the week, not that anyone is really looking at this number anymore and it was hardly discussed in the mainstream media. However it is being said that the “recovery” has stalled. How many “recoveries” is this now?
It will be interesting to see the jobs report for August. Last year it was originally reported that zero jobs were created in August. This number was of course revised up three months later to 50,000 and anyone that doesn’t know that this year is worse than last year has been living in a cave.
Continue reading “Unemployment and the Road to Famine”