157,000 private sector jobs were added last month. Glory halleluiah, prosperity has returned. But then it is June, the one year anniversary of the end of the recession. Correct me if I’m wrong, but 157,000 new jobs isn’t even half of the 350,000 we need just to keep pace with our young people entering the job market. Now let’s stand back as real people living in the real world, and examine this incredible news.
For the month of June, an average of 420,000 per week filed new unemployment claims. That is 1,680,000. Now let’s be grossly generous to the point of absurdity and say that a third of those who lost their jobs acquired new ones within four weeks. That leaves 1,120,000 who did not, minus 157,000 new jobs the corporate elite are claiming they created (note: they did not say what country they created them in), and you have 963,000 new unemployed.
Continue reading “99ers HR 589 Unemployment Extension – The Corporations Counter Record Job Losses with Lies”