I just heard part of what the President was saying on a clip from the news.He said something like "we're losing jobs at less than half the rate we were when I took office."; is that a good thing?When will people begin getting jobs instead?
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ANSWERS: 4
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Good question, Nancy. That is political gobbledygook. "People are not losing jobs at as high a rate as before"....I would even disagree with that, but, at any rate...it says nothing about new jobs and people going back to work. Barack, we are not all illiterates. Speak to us. Tell us something good you are doing and what you plan to do in the future. Most of us are hoping the best from you, even if we did not vote for you. Everyone who did not vote for you are not your enemies, B. You are the only Pres. we have, so we are pulling for you. And for goodness sake, STOP campaigning! You won already! And stop attacking Republicans just because they are Republicans. I am an Independant and I am a little sick of it. What is your purpose? You aren't going to make any Independents like me like your party any more than we do...or don't already. And there are more of us than there are of either of you.....We have even elected a few of our own reps. We may elect more.
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Nancy here is what I found on it: The US economy lost 247,000 jobs in July, far fewer than analysts had expected, official figures show. With fewer workers being laid off, the unemployment rate fell to 9.4%, down from 9.5% in the previous month, the first drop since April 2008. The unexpected drop is likely to fuel hopes that an economic recovery is gaining ground. US President Barack Obama said the jobless numbers showed that "the worst [of the recession] may be behind us". "[But] we have a lot further to go. As far as I'm concerned, we will not have a true recovery until we stop losing jobs," he added, echoing comments made last week. Since the recession began in December 2007, about 6.7 million jobs have been lost, the Department of Labour said. *********I think people are running out of unemployment benefits, that is why the numbers look better -
Great question, Nancy. It's certainly not good news when a quarter of a million people loose their jobs in one month. But it is definitely better news than we saw as the new president took office, when well over a half million lost jobs in one month. Also, it was considerably better than analysts had predicted, and that is why the Stock Market reacted so positively, finishing Friday at it's highest point this year. http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=2939161
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Like an out of control car, having the breaks put on. It doesn't stop instantly, it has to loose speed until it comes to a full stop. It may still take another 12 to 18 months before we see growth.
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