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Aug22 Comments
Stores, factories and other businesses large and small showed workers the door last month, sending unemployment to its highest rate in four years and adding to the evidence an economic recovery remains far off. Facts:
Employers clamped down on hiring and cut 51,000 jobs in July, the Labor Department said Friday. The economy has shed jobs each month this year - 463,000 in all.Temporary help firms, also viewed as a barometer of demand for future hiring, eliminated 29,000 jobs. Those losses swamped job gains elsewhere, including in the government, education and health care.
Why?
Job losses in July were the heaviest in industries hard hit by the slow housing market, the clampdown on credit and the shaky financial sector. Manufacturers cut 35,000 jobs, construction companies 22,000 and retailers 17,000.Unemployment Increase Going Up Fast
The increase in the unemployment rate in July came as many young people streamed into the labor market looking for summer jobs.Fewer of them were able to find work. The unemployment rate for teenagers jumped to 20.3 percent, the highest since 1992.
Still, the job losses were not as bad as some feared. Economists were expecting 72,000 jobs lost for July. The government also revised the job-loss figures for May and June to a combined 98,000, down from 124,000.
All told, there were 8.8 million people unemployed in July, up from 7.1 million last year. The jobless rate last July was a full percentage point below where it was this July.
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Aug2
Mile High Joke Of The Day: “Legal Eyesight”
Filed under: 5280 Denver News, Mile High Joke Of The Day; Tagged as: Clean Jokes, Funny Jokes, jokes, Law Jokes, Mile High Joke Of The DayNo CommentsAn old man was a witness in a burglary trial.
The defense lawyer asks Sam, “Did you see my client commit this burglary?”
“Yes,” said Sam , “I saw him plainly take the goods.”
The lawyer asks Sam again, “Sam, this happened at night. Are you sure you saw my client commit this crime?”
“Yes” says Sam, “I saw him do it.”
Then the lawyer asks Sam, “Sam listen, you are 80 years old and your eyesight probably is bad. Just how far can you see at night?”
Sam says, “I can see the moon, how far is that?”
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