Unemployment Dips, The Recession Is Over! All Hail Obama!

OK, a little over the top, but, you know that is the thought going through the vacuous heads of liberals everywhere

Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months.

It was a better-than-expected showing that offered a strong signal that the recession is finally ending.

The new snapshot, released by the Labor Department on Friday, also offered other encouraging news: workers’ hours nudged up after sinking to a record low in June, and paychecks grew after having fallen or flat lined in some cases.

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To be sure, the report still indicates that the jobs market is on shaky ground. But the new figures were better than many analysts were expecting and offered welcomed improvements to a part of the economy that has been clobbered by the recession.

Isn’t that special? Only 247,000 jobs lost. I wonder how the AP handled something similar, via Gina Cobb?

The nation’s unemployment rate shot up to 6.4 percent in June, the highest level in more than nine years, in an economic slump that has added nearly a million people to jobless rolls in the past three months.

Businesses slashed 30,000 jobs in June for the fifth straight month, with cuts heavily concentrated in the nation’s factories, the Labor Department reported Thursday.

Oh, wait, it really isn’t similar. It’s been a long time since I had math class, but, if memory serves, 9.4>6.4 and 247K>30K. The rest of the article was just as hysterical and over the top. Back to the current article

“There’s clearly been a turn for the better. The worst is behind us in terms of layoffs. Now we need to see more hiring,” said economist Ken Mayland, president of ClearView Economics.

247,000 lost is a turn for the better? Maybe in Liberal World, but, in Reality Land, we are all wondering what the Generational Theft Act, along with all the other insane Democrat policies are actually accomplishing.

An elevated unemployment rate could become a political liability for President Barack Obama when congressional elections are held next year. The last time the unemployment rate topped 10 percent, the party of the president — then Ronald Reagan’s GOP — lost 26 House seats in the midterm elections in 1982.

Obama has urged Americans to be patient and give time for his $787 billion stimulus package of

And that is what it is all about: protecting President Neophyte.

PS: the Yahoo News version of this story has an interesting permalink: http://news.yahoo.com/s/ap/20090807/ap_on_bi_go_ec_fi/us_economy?suck_it

Double PS: over at Ace Of Spades, Slublog writes

It’s great to see the bleeding slow, but I wish the reason for it were different. Basically, unemployment went down because the rate of layoffs slowed; employment did not increase. People are not getting hired, they’re just getting fired in lesser numbers.



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