Time For a New Plan: Frightening Jobless Numbers Show Flaws in GOP Austerity Agenda
By Sarah Jaffe, AlterNet
Posted on July 8, 2011, Printed on July 16, 2011

Republicans say government cannot create jobs. It certainly seems capable, however, of eliminating them.

The jobs numbers for June are out and to call them “bad” would be an understatement. The jobless rate is up to 9.2 percent; if you include those who stopped looking for work (what the Labor Department calls “marginally attached” to the labor force) and the underemployed (those with part-time work who need full-time work), the rate is a staggering 16.2 percent, up from 15.8 percent last month.

To put it in perspective, the economy added only 18,000 jobs—and 14.1 million people are unemployed. Those numbers will barely keep up with population growth. Workers are currently more likely to drop out of the labor force than find a job.

Read more.

Post comment

Forbidden Bookshelf

Forbidden Bookshelf

“While We Were Sleeping”

While We Were Sleeping is an urgent call to save Greenwich Village from New York University's uncontrolled expansion.

Click here to donate to NYUFASP and receive a copy of "While We Were Sleeping: NYU and the Destruction of New York" (minimum donation to receive a book is $10 plus $8 shipping).

Orwell Rolls In His Grave, featuring MCM – Buy the DVD

About News From Underground

News From Underground is a daily e-news service run by Mark Crispin Miller, a Professor of Culture and Communication at NYU. It is based on his belief that academics, like reporters, have a civic obligation to help keep the people well-informed, so that American democracy might finally work.

If you'd like to receive updates delivered to your inbox daily, sign up for News From Underground Alerts:

Help News From Underground!

Message from Mark: "I am a one-man operation, although assisted greatly by some volunteers, and, now and then, by people paid by others for one-time projects. There is no shortage of skilled, dedicated folks out there who want to help me. There is, however, nothing I can pay them with, unless you decide you can contribute something."

Please donate via the PayPal button above or via PayPal by email to: markcrispinmiller@gmail.com

Recent Posts

Recent Comments

Popular Posts


Need a bigger font size?

Sponsored Links

  • Your link could be here too, contact us for pricing details.