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June Jobs Tell A Bad Story — And Obama’s Policies Won’t Help

July 3, 2009
Lawrence Kudlow
7/3/2009

After nine months of explosive monetary and fiscal stimulus, you’d think economic recovery would be upon us. But the June jobs report tells a much different story.

Non-farm payrolls fell by 467,000, as the unemployment rate edged up to 9.5 percent. This isn’t nearly as bad as the 700,000 monthly job losses of last winter, but it’s still a rough number. Equally disappointing is the household survey — often a key turning-point signal since it captures the health of small businesses — which has dropped 811,000 in the past two months.

The story continues …..

One Comment leave one →
  1. July 6, 2009 3:46 pm

    Cool!

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