
Latest Unemployment Numbers Unacceptable
Today Americans across the country woke up to the report of another month of abysmal jobs numbers. But these numbers aren’t news to the millions of people unemployed or underemployed, these numbers simply codify what they already know to be true: our country is hurting and it isn’t getting better.
The Bureau of Labor Statistics (BLS)announcedthat only 69,000 jobs were added in the month of May, far below market expectations and well short of the 150,000 jobs that BLS says are needed every month just to keep pace with population growth. While the announcement of any new jobs is welcomed, May marks the fourth straight month of slowing job growth and demonstrates that Americans continue to suffer through a painfully tepid recovery made even slower by the president’s failed policies.
Remember when President Obama promised that if we passed the “Stimulus,” we could keep unemployment under 8%? The unemployment rate in May increased to 8.2 percent, marking an inauspicious milestone—the 40th consecutive month that unemployment has been at or above 8 percent under President Obama. The “Stimulus”… Read More