Unemployment News - Why no celebration
Last week's unemployment figures were met with stoned silence in the
media. You would think that the unemployment rate dropping to a 4 1/2
year low would be cause for celebration. But no. Why?
The unemployment report showed that the unemployment rate for blacks fell to 8.9%, the best since September 2001, while the rate for Hispanics dipped to a five-month low of 5.8%.
Since the Bush tax cits were implemented the US economy has created over 4 million jobs! And these jobs are not the hamgurger flipping kind. The average hourly earnings climbed to $16.41 in January, up 0.4% from December.
The unemployment report showed that the unemployment rate for blacks fell to 8.9%, the best since September 2001, while the rate for Hispanics dipped to a five-month low of 5.8%.
Since the Bush tax cits were implemented the US economy has created over 4 million jobs! And these jobs are not the hamgurger flipping kind. The average hourly earnings climbed to $16.41 in January, up 0.4% from December.
