Headline 1: "World has avoided economic disaster, Obama says."
Headline 2: "Jobless rate hits 9.4 percent in May; layoffs slow"
Sweetness & Light observes:
... the bad news is buried in the article:
If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.4 percent in May, the highest on records dating to 1994.
And this:
Economists say the job market may not get back to normal — meaning a 5 percent unemployment rate — until 2013. Economic recoveries after financial crises tend to be slower, economists say.
Are there economic recoveries after non-financial crises?
Anyway, lest we forget, unemployment during the Bush administration was never anywhere near this bad:Unemployment rate
This chart, like the one [above], is from the US Bureau Of Labor Statistics.
You won’t be seeing these anywhere in our watchdog media.
They're a courageous lot, what few that remain, that is.
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