Posted on 06/27/2010 11:02:14 AM PDT by 2ndDivisionVet
Labor ministers reporting to the G20 heads of state in Toronto will document a truly scary rise in unemployment worldwide—a mind-boggling record high of 212 million.
In its annual Global Employment Trends report, the International Labour Organization (ILO) estimated that 34 million people joined the ranks of the unemployed in 2008 and 2009. It would have been closer to 55 million if the largest economies hadn’t taken steps to offset the global collapse in financial markets with government stimulus, according to Ron Blackwell, chief economist of the AFL-CIO.
Here in America, 15 million unemployed is the official number, but each week scores of jobless drop off the unemployment rolls because their benefits run out and they are no longer counted. The actual number, far higher than what the weekly stats tell us, is on the way to becoming a permanent feature of the new economy. And while governments scrambled to save banks, there’s no comparable urgency about creating jobs.(continued)
(Excerpt) Read more at newsweek.com ...
I guess that to Eleanor Clift, the existance of one single Republican, in a bunker somewhere in the fetal position, muttering incoherently .... THAT is the definition of 'stymied'.
Maniacal Liar, Thy Name Is Clift.
The "new normal" brought to you by the Democrat President and Congress.
Any bold moves left???????
What is Nov 2nd to Jan 15th gonna be, child’s play???
What is Cap and Tax?
What is suing for immigration status?
The media truly is full of shoe size IQs.
“Obama, stymied by the GOP, at a loss when it comes to jobs”
Cut taxes?
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