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Thread: Unemployment Rises to 8.3%

  1. #11
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    The stock market acts irrationally at times. They have greatly benefited from the various rounds of QE and they desperately want more. But the Fed isn't about to start another round of QE and when they release statements they say "not yet, but we are ready to do so at any time...", translation, "hell no." When Wall Street breaks the code you will see a large market correction.

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    WASHINGTON (Reuters) - The White House said on Friday that data showing U.S. hiring increased in July showed the economy was continuing to recover, and stressed the jobless rate was "essentially unchanged" despite its rise from 8.2 percent to 8.3 percent.

    "Today's employment report provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression," Alan Krueger, chairman of the White House Council of Economic Advisers, said in a statement.....snip~

    http://news.yahoo.com/white-house-sa...005656371.html
    Reuters – 10 hrs ago<<<<<

    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

  3. #13
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    Damage control. The admin is still a massive FAIL.

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