Because I am no longer bothering to read and purchase AmeriKa's MSM newspapers as I did for decades, my notice of business stories has lagged.
Here's one that fits with the shit-patterned economy I have written about:
"Jobless report stirs fear; Increase to 5% another piece in recession puzzle" by Jeannine Aversa, Associated Press | January 5, 2008
WASHINGTON - Wary employers clamped down on hiring and pushed the unemployment rate to a two-year high of 5 percent in December, an ominous sign that the economy may slide into recession.
Gripped by uncertainty, government and private employers last month added the fewest jobs to their payrolls in more than four years. In fact, employment at private companies alone actually declined. The Labor Department's report, released yesterday, provided evidence of an economy greatly strained by a housing slump and a credit crunch.
The disappointing employment figures sent Wall Street into a nosedive, thrust the White House into damage control, and ratcheted up the blame game as Republicans and Democrats battle for the presidency. The employment numbers also sparked expectations that the Federal Reserve will have to lower interest rates again. As expected, the Fed took action to make cash more available to banks.
The civilian unemployment rate jumped from 4.7 percent in November to 5 percent in December, the highest since November 2005, after the Gulf Coast hurricanes dealt the country a mighty blow. Total payrolls - both private employers and government - grew by just 18,000 last month, the worst showing since August 2003, when the economy suffered job losses as it struggled to recover from the 2001 recession.
Joel Naroff, economist and president of Naroff Economic Advisors:
"This is a major warning shot that the economy is in trouble."
On Wall Street, stocks plunged. The Dow Jones industrials lost 256.54 points to close at 12,800.18. The December employment picture was much weaker than economists were expecting.
Oh, while I wasn't watching the Dow got UNDER 13K, huh?
CRASH coming, huh?
Employers have grown cautious as they try to cope with fallout from housing and credit problems and rising uncertainty about how the economy will fare. Galloping energy prices and bad weather in some parts of the country also probably figured into the weak job figures.
Manufacturers, construction companies, financial services all cut jobs in December - casualties of the housing slump. Retailers also sliced jobs. The government added 31,000 jobs in December, while private employers actually cut payrolls by 13,000.
Oh, so it is the shithole, money-draining government that is responsible for propping up this bullshit economy -- as far as it is propped up (by a stick up the ass of you and me, no doubt)!!!
Pfffffffffffttttttttt!!!!!!!!
The unemployment rate for blacks jumped to 9 percent in December, a 15-month high. The jobless rate for Hispanics rose to 6.3 percent, the highest in more than two years. For all of 2007, the economy added 1.33 million jobs and the unemployment rate averaged 4.6 percent, the same as in 2006. Employment growth averaged 111,000 a month, down from 189,000 a month in 2006.
White House spokesman Tony Fratto said the 5 percent jobless rate should be viewed in proper historical context, saying the figure still is relatively low despite the problems.
I'm tired of the lying fascist criminals in the White House and their god-damned excuses!!!!
Bucket of tar, bagful of feathers!!!!!!!!!!
The health of the nation's job market is critical in determining whether the economy will survive the stresses from housing and harder-to-get credit. The positive forces of job and wage growth have helped to cushion individuals from all the negative forces in the economy. The big worry is that people will clamp down on spending and businesses will put a lid on investment and hiring, throwing the economy into a tailspin.
Translation: WE ARE WORRIED that the OBSCENE RATES of CORPORATE PROFITS may get hurt!
For all of 2007, wages increased 3.7 percent, down from a 4.3 percent gain in 2006. High energy prices, though, probably made some workers feel like their paychecks aren't stretching as far as they would like."
Yeah, but Wall Street still found the time to hand out BILLIONS in BONUSES!!!!
See: Goldman Sach's Golden Christmas Balls
The MSM SURE KEPT THAT QUIET, huh, readers?
How's that shit you are chewing?
If I had webbed this source today, then I wouldn't have bothered with this.
That WAS one of the beauties of a hard-copy paper -- things would catch your eye.
Given the way the MSM rewrites web stories, too, it seems censorship is easier than ever on the web, so I guess I will have to STICK to the BLOGS!!!!!!!
