Earlier this week, Bush was in Florida to speak about our “robust and strong economy”. As matter of fact, that is what all his speeches are suppose to focus on in the near future. I wonder if this news will change that agenda?
The nation’s economy generated 113,000 jobs in July, the Labor Department reported today. The growth was below forecasts, bolstering the case for a slowing economy.
Further evidence of a slowdown came from a spike in the percentage of Americans unemployed to 4.8 percent, also reported today by the Labor Department. That was the highest level of unemployment since December, 2005. That increase also exceeded expectations.
I guess Wal-Mart isn’t hiring much right now. Oh well, the numbers should rise for the holiday season, when people who use to be able to support a family on one job need to find that holiday job just so little Johnny and Suzy can get a Christmas present. These are the hard realities of true America that the Republicans fail to recognize.