Friday, June 3, 2011

U.S. Economy continues to sputter

QUOTE: "Employers hired far fewer workers than expected in May and the jobless rate rose to 9.1 percent, raising concerns the economy might be stuck in a painful slow-growth mode."

Considering the fact that the economy has to generate far more jobs than this just to provide work for people entering the work force, and the fact that summer is usually the time when many places are hiring I would say that this is cataclysmically bad news.  Worse in nine months, the article states. The truth is, folks, the Great Recession never ended and by all indications the risk of a Greater Depression is still abundantly clear to anyone honest enough to look beyond their ideologically paradigm. 

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