Friday, June 6, 2008

economy still in the tank!!!

I would like to report good economic news some day but this isn't the day

the labor department has released it's may report and it has some really bad bad that there isn't a way from to try to put spin on it.

One of the most shocking things that is in the report is....

The number of unemployed people grew by 861,000 — to 8.5 million.

my god how did unemployment jump so high!!!

but that's not all

dow johns drop 400 points

324,000 have been lost this year

the slightly good news of the fact that average wage is up (but only by .03%) is over shadow by the fact that due to raising food and gas prices people are in fact facing wage cuts if they want to spend the same amount on food and gas as they did in the past.

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