The recession, not the recovery, continues.
The jobless rate rose to 9.2 percent in June. There are now 28 million Americans, including yours truly, out of work.
Some expected a better report: those that are living on another planet where there is no Comrade Obama administration. [more…]
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Since the jobless rate here peaked in February 2010 at 8.1 percent, it’s declined almost every month. Almost.
The Lancaster County unemployment rate rose to 6.4 percent in May from April’s 6.3 percent, the state announced Monday. The slight uptick is only the third increase in the local jobless rate since that February spike, according to the Department of Labor & Industry.
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14 million Americans are still out of work!
Employers in May added the fewest jobs in eight months, and the unemployment rate inched up to 9.1 percent. The weakening job market raised concerns about an economy hampered by gas prices and the Japanese nuclear disaster.
The key question is whether the meager 54,000 jobs added last month mark a temporary setback or are evidence of a more chronic problem. That total is far lower than the previous three months’ average of 220,000 new jobs per month.
Read more at Bloomsburg Businessweek.
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June 1, 2011
The good news: the jobless rate in Lancaster County continues to decline as of April. The bad news: a job is still tough to get, and the majority of jobs added in April where in the seasonal and typically fragile leisure and hospitality sector reflecting the prospects for summer tourism. As I tell my friends, […]
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May 16, 2011
Friday brought some good economic news for President Obama – even though the unemployment rate nudged higher. Employers added 244,000 jobs in April — a welcoming surprise — but the unemployment rate still ticked up to 9%. The new jobs, much higher than the expected 185,000, represent the biggest hiring spree in five years. There […]
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