Jobs, Unemployment

Obama’s Black Friday

By Alan Caruba —— Bio and Archives--June 3, 2012

American Politics, News | Comments | Back To Full Article

Black Tuesday, October 29, 1929, marked the beginning of the Great Depression, but for Barack Obama, last Friday was Black Friday because the U.S. Department of Labor announced that only 69,000 jobs were added in May, well below expectations that it might reach 150,000. The official unemployment rate ticked up to 8.2 percent, but it is actually far closer to 15 percent.

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