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Unemployment

Bad News On The Jobs Front

The government announced this morning that new unemployment claims rose more than expected last week to 429,000. This is the 11th week in a row that the new unemployment claims were over 400,000. The Obama Administration said last year would be a “Recovery Summer.” That obviously did not pan out and America’s economic engine is […]

Goolsbee’s Getting Off The Titanic

On the same day the Weiner saga sucked up all the media attention in Washington, a more telling picture emerged that was not lewd in nature but showed the state of the Obama Administration’s economic policy. Austan Goolsbee, the head of President Obama’s Council of Economic Advisors, is jumping ship and going back to Chicago […]

Unemployment Back Up To 9 Percent

The unemployment rate rose to 9 percent for the month of April. There was some job growth but a large percentage of that number can be attributed to a mass hiring of 62,000 by McDonald’s. A staggering total of one million people applied for those McDonalds jobs. When the largest section of job growth is […]

The Unemployment Numbers

The Obama Administration is probably patting itself on the back with today’s unemployment report. The rate fell one tenth of a percent to 8.9%, and it is now below 9% for the first time since April of 2009. Hopefully, the jobs reports continue to get better, but let’s remember that President Obama said his stimulus […]

Two Years of Failure

It has been two years of failure since President Obama signed his $800 billion so-called stimulus bill, promising that the unemployment rate would not go above 8 percent. Fast-forward to today, and the unemployment rate has been over 9 percent for 21 months. President Obama’s signature legislation has failed the American people, and has not […]