Its Friday, Job loss rates are up, and suddenly we have a "race issue"

[Peacetrain]

This idiocy i now making sense. Anything to keep from addressing the continuing deceleration of the economy. After all it was McCain who just a few months ago said this was a good economy and he will continue the Bush policies, including bin busting tax giveaways to the top 1%.

Then yesterday, we have a race issue suddenly being brought up, and the talking heads going at it 24/7. Anything to distract what a disaster McCain would be for the economy.
:grr:



Unemployment at 4-year high

Employers trim payrolls for seventh straight month in July, as jobless rate rises to 5.7%, a full percentage point higher than year ago.

NEW YORK (CNNMoney.com) -- Employers cut jobs in July for the seventh straight month, while the unemployment rate hit a four-year high, according to a government report released Friday.

The Labor Department reported a net loss of 51,000 jobs in the month. Economists surveyed by Briefing.com had been forecasting a loss of 75,000 jobs in the latest report.

The latest report brought job losses this year to 463,000. The June job loss number was revised to 51,000.

The unemployment rate rose to 5.7% from a 5.5% reading in June. It was the worst reading since March 2004, and slightly worse than economists' forecast of a 5.6% rate.

The rate has now jumped a full percentage point from a year ago.

But the 5.7% unemployment rate tells only part of the problem facing job seekers. It doesn't include those who have become discouraged from looking for work, or those who have accepted part-time jobs when they want to be working full time.

Counting the unemployed or underemployed, the rate rises to 10.3%, the first time that measure has hit double figures since November 2003.

Those who are out of work are also taking longer to find new jobs. There are now 1.7 million people out of work for six months or more, which is up 6% from a month early and is 28% above year-ago levels. Nearly one in five people counted as unemployed have now been out of work for six months or more.

"It is becoming increasingly hard for Americans to find work in this economy," Sen. Charles Schumer, D-N.Y., said in a statement. "As the construction, manufacturing, and now retail sectors are reeling from job losses, too many workers are being forced to reduce their hours and take part-time jobs just to make ends meet."

[no_hypocrisy]

1. With the topic being job loss, you'd think the attack would be class warfare, not race.

[Peacetrain]

2. Like Obama said.. "Is this the best they've got"?

They are grasping at Rovian straws. I guess I did not realize how bad off the republican campaign really is until now.

[AndyA]

3. Never mind the man behind the curtain.

It's just a fantasy. All is well in America.

You aren't losing your job, your house, or your health. Food and gas are still affordable. All is well.

Keep repeating, and hope someone will (still) believe you.

[Peacetrain]

4. This is such a familar scenario.. We have been going through

this for the last 7 years to try and distract from what facts are getting ready to be laid out.

[Avalux]

5. Race is how the powerful keep us divided.

If only people of all colors affected by Bushco policies would stand together. Obama has talked about this.