The state of the economy remains one of the top issues in the media and in people’s minds. And rightly so. Last week, the Labor Department released a report stating that no new jobs were created in the month of August. Official unemployment remains at 9.1% at the end of August, which is up from 8.8% at the end of July, according to Gallup. This dismal jobs situation put pressure on Obama to create a jobs bill, which he outlined in a speech to a joint-session of Congress yesterday evening (which I’ll come back to later on). Given the coverage and obvious importance of the current economic situation, I decided to show some useful statistics that portray the depth of this crisis and show, in my opinion, that things are actually worse than the media says it is. Read the rest of this entry »
Tag Archives: recession
Our deep economic crisis and the inadequacy of Obama’s jobs plan
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Posted by Adam Hudson on September 9, 2011 in Capitalism, Economy, Late-2000s financial crisis/recession/depression
Tags: American jobs act, Barack Obama, economic injustice, economic justice, global economic crisis, jobs, recession, unemployment
Blues African 