Quote:
Originally posted by theking
You will never convince the "doom and gloom...the sky is falling" guys Colin. They seem to enjoy living in the "dark".
|
This is the "light" that shows how doom & gloom exists:
More workers are living on unemployment checks in the US today than at any time in more than 20 years, the US Department of Labor reported last week. Figures released July 10 indicated that 439,000 workers filed new claims for unemployment benefits in the week ending July 5, an increase of 5,000 from the week before. At the same time, the number receiving benefits jumped to 3,818,000, increasing by 87,000 in just one week, and reaching a level not seen since February 1983.
These new statistics confirm the relentless destruction of jobs that is taking place in spite of widespread predictions by economists and government officials of an economic recovery just around the corner. The latest report proves that the jump in the official unemployment rate to 6.4 percent reported a week earlier was not merely an aberration, as Labor Secretary Elaine Chao had maintained.
Source:
http://www.wsws.org/articles/2003/ju...-j16_prn.shtml