World-News

Dean Baker, The Center for Economic and Policy Research: 'The Labor Department reported that the economy created just 18,000 jobs in June. It also revised down the previous two months' numbers, bringing the average rate of job growth over this period to 87,000 jobs a month. The slow job growth led to another rise in the unemployment rate, which edged up to 9.2 percent. The employment-to-population (EPOP) ratio fell to 58.2 percent, the low hit in December of 2009 and again in November in 2010. This means that the job growth thus far in the recovery has been just sufficient to keep pace with the growth of the labor force.'

http://www.truth-out.org/just-18000-new-jobs-june-leads-another-rise-unemployment/1310136941



A Looming Betrayal

William Rivers Pitt, Truthout: 'Here is a Democratic president, after all those years of struggle to defend and protect the social contract created by these policies [Social Security and Medicare], offering them up for destruction because he can't seem to stop himself from agreeing with Republicans... An ocean of blood, sweat and tears has been spent bringing these all-important programs to life, and even more has been spent protecting and defending them. If this president consents to throw all that over in an act of political triangulation, he will be marked in my book for all time as a failure, a betrayer, and a disgrace.'

http://www.truth-out.org/looming-betrayal/1310137478

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US jobs report disaster

There is zero good news and a ton of terrible numbers in this report. The U.S. economy added only 18,000 jobs in June. - The topline unemployment measurement ticked up to 9.2 percent, but the U-6 number that gives the broadest measure of unemployment jumped from 15.8 to 16.2.

http://www.salon.com/news/unemployment/?story=/tech/htww/2011/07/08/june_jobs_report



Memo to Obama: 'Create more jobs or resign'

By Mike Whitney

Not only are we not creating jobs, the administration is not providing sufficient resources to the states so they can keep the people who ARE employed still working. It s madness.

http://www.informationclearinghouse.info/article28537.htm



The Economic Assassination of the USA

By Stephen Lendman

On July 8, the Labor Department reported 18,000 new jobs created. Its Household Survey showed 445,000 lost.

http://www.informationclearinghouse.info/article28546.htm


From Information Clearing House

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As Unemployment Spikes, Obama s Got a Bigger Problem Than the Debt Ceiling
http://www.commondreams.org/headline/2011/07/08-4

The Big Cave: Obama Serves Up 'Slice of Democratic Soul' to GOP Demands
http://www.commondreams.org/video/2011/07/08-0

Obama and the Death of the Democratic Party
http://www.commondreams.org/view/2011/07/08-3



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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Mike+Whitney
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