by Blog Boss
30. June 2009 14:28
As you know, the buzz continues about - rebound this, rebound that. Well if you like reading and believing propaganda than you probably are reading that stuff and not reading this blog. As for everyone else...just what evidence is there of a turnaround? All but 4 out of 52 states have either posted an increase in job losses or job cuts combined with higher than average unemployment rates. If you live on the west coast, then you know - many of those states including California, Nevada and Oregon have double digit unemployment rates.
As for the south, Georgia, Florida, Alabama and Arkansas to name a few, are at their highest unemployment rates seen in well over two and a half decades - 25 years folks. So just how exactly does this translate to a turnaround? Wake up people. Its called deflection - deflecting your attention elsewhere versus looking at the facts. You can thank your mainstream news source for that. The fact of the matter is that, it is still a while to go before any significant improvement is made with job growth. This of course doesn't short circuit the "onesies" and "twosies" along the way. The problem is when nearly 350,000 people loose their jobs, in a single month, and that is reported as "good". At the same time those 350,000 people who lost their jobs are added to the labor pool of over 6.7 million folks who already don't have a job. So job market rebound or wishful thinking? Sounds like wishful thinging to me... 