unemployment up

Friends, non farm payroll unemployment went up again. Politicians a recovery did promise. Well, there is no recovery. That is yet another lie politicians told us. They are getting ready to raise taxes again. It will be really hard for the poor.

What Jobs?

Politicians are saying that there are now more jobs in america... Well, many of these new jobs there were created last month were temporary positions to work in the US census. lets face it in March 2010 long term unemployment surges. It hit a record of 6.5 million people without work for years. Sadly, for those still working there has been a drop in average wages. I predict that the number of long tern unemployed will continue to rise. This is not good jobs news.

Unemployment data is bad

It is so bad, that some people are working for free to have a job. California is now on 11.5% an all time high jobless rate. States must increase taxes on people that have been forced to take pay cuts. The employment situation is very grim.

People are fleeing rusting industries, as thing take a turn for the worse.

record unemployment

People, we are at a record rate of unemployment. Things are in an state of complete collapse. Fear of a depression is now also at a record high. This can only get worse as our severe economic recession morphs into a depression.

Future toys will be few this coming holiday season as parents try to cut back on non essential items. The mood is grim.