Today we saw that the Private Sector economy in June gained 85,000 jobs, which is less than the 110k-120k that economists expected, and less than the 150,000 that Prez Obama said afew months ago that we need to gain monthly to keep up with this country.
The 600,000 people that stopped looking for work, pushed down the U-R to 9.5%, which is still higher than before the Stimulus Bill.
By passing the Stimulus and other “jobs” bills with no Republican votes, the Dems own now this job market 18 months after Obama took office; 16 months after the Stimulus; and 42 motns after Dems took control of Capital Hill when the economy under Republicans gained monthly 200,000 jobs; Unemploymant Rate at 4.5%; and that year’s (FY 2007) TOTAL deficit was less than $170 billion.
