Professional Documents
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Oblivious
The Obama Administration Is Blind To The Disaster Their
Policies Have Created And Its Toll On The Economy
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Click To Watch The Disconnect Between The White House And The Economy
The Wall Street Journal: “U.S. Hiring Slowed Dramatically In May And The Unemployment Rate Kept
Rising, Adding To Concerns The Jobs Market Will Take Years To Heal As The Economy Remains
Weak.” (Luca Di Leo and Jeff Bater, “Unemployment Rises As Hiring Slows,” The Wall Street Journal, 6/3/11)
The Associated Press: “Employers Added 54,000 Jobs In May, Fewest In 8 Months; Unemployment
Rate Rose To 9.1 Pct.” (“Employers Added 54,000 Jobs In May, Fewest In 8 Months; Unemployment Rate Rose To 9.1 Pct.” The Associated Press,
6/3/11)
MarketWatch: “Job Growth Decelerated Sharply In May, The Labor Department Said Friday.” (“Job Growth
Slows To 54,000 In May, Rate Up To 9.1%,” MarketWatch, 6/3/11)
National Journal: “The Number Was Shockingly Low … It's Been A Bad Week For The Economy.” (Katy
O’Donnell, “Economy Picks Up Just 54,000 Jobs; Unemployment Rises Slightly,” National Journal, 6/3/11)
Salmon: “Beyond The Headlines, Things Look If Anything Even Worse … The Average
Duration Of Unemployment, For Instance, Just Hit Another New Record At 39.7 Weeks.” “If you
do want to go beyond the headlines, things look if anything even worse: the average duration of
unemployment, for instance, just hit another new record at 39.7 weeks; a full 44% of all unemployed
people have now been jobless for more than six months.” (Felix Salmon, “Jobs Fail,” Reuters, 6/3/11)
Salmon: “On Top Of That” Job Numbers Were Revised Down 39,000 Jobs For March And April.
“And on top of that, it turns out that the government’s statisticians were overly optimistic for the past
couple of months: the payrolls numbers for March and April were revised downwards by 39,000
jobs.” (Felix Salmon, “Jobs Fail,” Reuters, 6/3/11)
The Wall Street Journal: Almost One-Third Of The Unemployed Have Been Out Of Work For Over A
Year. “With nearly a third of the unemployed out of work for over a year, it makes their reintegration back
into the labor market more and more difficult. People out of a job that long tend to lose skills and experience
long-term effects on their lifetime earning power.” (Phil Izzo, “Nearly 1 In 3 Unemployed Out Of Work More Than A Year,” The Wall Street
Journal’s “Real Time Economics”, 6/3/11)
ABC News: “Weakness In Hiring” Was Widespread” Manufacturers Cut Jobs For The First Time In
Seven Months, Including 3,400 Jobs In The Auto Sector. “The weakness in hiring was widespread.
Manufacturers cut 5,000 jobs, the first job loss in that sector in seven months. That included a drop of 3,400
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jobs in the auto sector. Car makers are cutting back on production because they are having a difficult time
purchasing parts.” (Susanna Kim And Bill McGuire, “Anemic Jobs Growth, Higher Unemployment Bodes Ill for Economy,” ABC News, 6/3/11)
ABC News: In Addition, Retailers, Restaurants And Hotels Slashed Jobs. “Retailers cut 8,500
positions, after adding 64,000 in April. Leisure and hospitality which includes restaurants and hotels,
cut 6,000 jobs. That came after they added an average of 43,000 in the previous three months.” (Susanna
Kim And Bill McGuire, “Anemic Jobs Growth, Higher Unemployment Bodes Ill for Economy,” ABC News, 6/3/11)
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