Thanks Barack – Thanks Nancy – Thanks Harry
Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History.
(Source: US Misery Index)
They wanted to fundamentally change America. They did.
The US unemployment rate has not fallen below 10.8 percent in the last 12 13 months. This is unprecedented.
The economy shed more jobs in July as the unemployment rate remained at 9.5%.
The Wall Street Journal reported, via Michelle Malkin:
The U.S. economy shed more jobs than expected in July while the unemployment rate held steady at 9.5%, a further sign the economic recovery may be losing momentum.
Nonfarm payrolls fell by 131,000 last month as the rise in private-sector employment was not enough to make up for the government jobs lost, the U.S. Labor Department said Friday. Only 71,000 private-sector jobs were added last month while 143,000 temporary workers on the 2010 census were let go.
Economists polled by Dow Jones Newswires were expecting total nonfarm payrolls to drop by a smaller 60,000 in July.
The June data was revised down significantly. Payrolls fell 221,000 that month, more than the 125,000 drop previously reported, as only 31,000 jobs were added in the private sector.
UPDATE: Thanks again to BB for sending the updated jobs graph–
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