6.1 Percent: Jobless Rate At Five Year High

  Yet that gutter crawler over on the GOP side of the fence wants you to make him the next president of the United States?  Our job rates and this economy as a whole would not be in this currant mess if Senators such as McCain would not have voted for the bad bills which came before them. In McCain's case, that would be when he actually bothered to show up for work. This old man supported most of the Republican bills and ideas which have fucked this country up and he does not need a table in the White House!

                      Yahoo News

The jobless rate jumped to 6.1 percent in August, from 5.7 percent in July. And, employers cut payrolls for the eighth month in a row. Job losses in June and July turned out to be much deeper. The economy lost a whopping 100,000 jobs in June and another 60,000 in July, according to revised figures. Previously, the government reported job losses at 51,000 in each of those months.

So far this year, job losses totaled 605,000.

Wachovia Corp., Ford Motor Co., Tyson Foods Inc. and Alcoa Inc. were among the companies announcing job cuts in August. GMAC Financial Services this week said it would lay off 5,000 workers.

Job losses in August were widespread, the government report showed.

Factories cut 61,000 jobs, with housing-related manufacturers and automakers among the hardest hit. Construction firms eliminated 8,000 jobs, retailers axed 20,000 slots, professional and business services slashed 53,000 positions and leisure and hospitality got rid of 4,000. Those losses swamped employment gains in the government, education and health.

Job losses at all private employers — not including government — came to 101,000 in August. 

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