Unemployment Is Steady; Americans Settle for 4-Cent Raise
In your unhappy Friday news, the U.S. Labor Department has reported more job losses than expected and a steady unemployment rate of 9.5% for July. This has to do to some extent with 143,000 temporary census workers being let go, with only 71,000 private-sector jobs being added.
Which means, briefly, that unemployment is still pretty bad out there -- but it could always be worse, say those glass-half-full economists. Manufacturing jobs are up, after all. The average hourly earnings of employees increased by 4 whole cents! And, it's Friday!
Right, and then there's this. Remember when men knew how to wear orange?
[via New York Post]
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