Friday, January 22, 2010

JOBLESS RECOVERY FULL STEAM

BANZAI7 NEWS--All 50 states ended 2009 with higher unemployment rates than a year earlier, according to a report issued Friday morning by the U.S. Bureau of Labor Statistics.

Nevada and West Virginia registered the sharpest upswings in unemployment last year, each rising by 4.6 percentage points. Nevada’s jobless rate soared from 8.4 percent in December 2008 to 13 percent in December 2009, while West Virginia’s rate climbed from 4.5 percent to 9.1 percent.

Minnesota and Nebraska showed the least upward movement. Their unemployment rates increased by just 0.8 percentage points during the past year. California's unemployment rate rose from 8.7 percent in December 2008 to 12.4 percent in December 2009.


Was it Beavis (Summers) or Butthead (Geithner) who decided to call this a recovery?

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