Posts tagged as:

Recovery Summer

Recovery Summer? Only a 9.1% Unemployment Rate in July

August 5, 2011

The unemployment rate for July was only 9.1% as the economy added 117,000 new jobs (until the revisions come out, of course).  Even the real unemployment number dropped to 16.1%.  After watching the Dow drop over 500 points yesterday, some will spin this as a sign that the economy moving in the right direction.  However, [...]

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Unemployment Up to 9.2%

July 8, 2011

June’s unemployment rate ticked up to 9.2%, also seeing an increase in the U6 rate to 16.2% of the workforce.  Truly abysmal.  It seems that a year after “Recovery Summer” the President’s plans have not produced “recovery” the way most Americans see it.  I have a feeling that the best solution to our jobs problem [...]

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Recovery Summer Ends at 9.6%

September 3, 2010

August’s unemployment (U3) numbers came out today and saw some movement for the first time all summer.  Of course, it’s in the wrong direction, up to 9.6%.  Three more months at or above 9% and we’ll tie a post Depression record for such persistent high unemployment, and we’re not exorcising inflation from the economy with [...]

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Recovery Summer at the East Point Housing Authority

August 12, 2010

Here was the scene yesterday at the East Point Housing Authority in Atlanta, where ten thousand applications for Section 8 housing became available and 30,000 people showed up: While tense, only a few were treated or hospitalized for heat and other issues while no arrests or violence occurred.  Just a lot of frustration and video [...]

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