By Mark:
As expected, for the eighth straight month August saw a loss of jobs in the United States. Unemployment has now sweltered to a five-year low with 605,000 jobs being lost already this year. Just over 6% of Americans are now unemployed, these are people that want to work and can’t find it. Isn’t that amazing, 6% of qualified, hard-working Americans don’t have jobs. About 84,000 jobs were lost in August alone.
The manufacturing industry saw the biggest loss with 61,000 jobs disappearing.
Yet John McCain believes our economy is in a good place. Well if he considers oil companies continuing to make record profits while hard-working Americans are getting squeezed at the pump a good economy then yeah I’d say it’s great. I don’t think McCain’s Bush-like view on the economy is going to cut it.
The numbers are actually even more staggering than they seem. The figures only reflect those without work who are looking for jobs. They do not include those who are looking for full-time work but can only find part-time jobs.
Whatever your theory is on how the government can influence the job market, it is clear that we have a serious issue with unemployment and the economy in this country and it’s irresponsible for George Bush and John McCain to say they like where the economy is at and where it’s headed.
Barack Obama gets it when it comes to the job market. He believes Americans should be able to make a ‘living wage’ and he voted for raising the minimum wage to $7.25 and for restricting employer interference in union organizing. The AFL-CIO has given him a rating of 100%.
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