Reply #46: Soundds like the same news from 9 or 10 months ago [View All]

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Including the same bumped up numbers but nothing really there. The boom in construction and shuffling the deck for Refies on home mortgage is petering out. This has to be another attempt to try and kick start an economy that has FLAT-LINED.

This old story could probably work this year

http://www.wsws.org/articles/2003/jul2003/jobs-j08_prn.shtml

Amid official predictions of recovery
US jobless rate soared in June
By Bill Vann
8 July 2003


The unexpectedly steep climb in the US unemployment rate announced by the Labor Department last week sent Wall Street into a tailspin and opened up a fresh crisis for the Bush administration, which has been predicting an economic upturn fueled by its policy of tax cuts for the rich.

The official jobless rate climbed by 0.3 percentage points to hit 6.4 percent for the month of June. The increase was three times as severe as the one predicted by most analysts, who expected a moderate rise from 6.1 to 6.2 percent. The increase was the worst since the one posted in the wake of the September 11, 2001 terrorist attacks.

The Labor Department