We all know their old school lies like tax cuts don't help the economy (LOL), over regulation is somehow good, spend spend spend, etc. But this right here is just MORE proof that the Jackass Party really has NO idea how to handle an economy, are wrong on most ALL fiscal issues, and views here are more in line with Cuba's.
This IS OBAMA and HIS party's economy, has been for years now. It's time they stop with the silly blame Bush BS, man up, and take responsibility.
http://news.yahoo.com/s/nm/20110617/...nomy_sentimentNEW YORK (Reuters) – Consumer sentiment worsened this month on renewed concerns about the outlook for the economy and as gloom about job and income prospects persisted, data showed on Friday.
But a separate report suggested the pace of the recovery could soon pick up after spinning its wheels in the first half of the year.
Taking the unexpected soft patch into account, the International Monetary Fund cut its forecast for U.S. economic growth, warning Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.
While the IMF thinks downside risks to growth have increased, it still expects the economy to gain speed next year.
U.S. consumer sentiment declined more than expected in June, the Thomson Reuters/University of Michigan survey showed, as consumers remained pessimistic about stagnant incomes and job prospects.
"Job growth is, at best, anemic and the unemployment rate is high. If you've been laid off, it's probably been for a long period of time," said Cary Leahey, economist and managing director at Decision Economics in New York. "That can't help but affect these sentiment figures."
Payrolls shrink, jobless rates drop in many states - Yahoo! NewsWASHINGTON (Reuters) – The number of people on companies' payrolls shrank in more than half the U.S. states in May, even though the jobless rates in many places continued to improve, Labor Department data released on Friday showed.
The number of employees working for businesses outside of farming decreased in 27 states and Washington, D.C., while it increased in 22 states.
The largest drop in payrolls was in California, which shed 29,200 jobs, followed by New York with 24,700 jobs, and Pennsylvania with 14,200.
Unemployment fell in fewer than half US states - Yahoo! NewsWASHINGTON – Unemployment rates fell in fewer than half of U.S. states, evidence that slower hiring has affected many parts of the country.
The unemployment rates in 24 states dropped, the Labor Department said Friday. Rates rose in 13 states and Washington, D.C, and were flat in 13. That's a significant decline from April, when 39 states reported falling unemployment rates.
And only 22 states reported a net gain in jobs in May, while 27 states lost jobs. That's much worse than April, when 42 states gained jobs.
The changing trend in state unemployment rates reflect a weaker economy that has been hampered by high gas prices and lower factory output. Nationally, employers added a net gain of only 54,000 jobs in May, compared to an average of 220,000 per month in the previous three months. The U.S. unemployment rate ticked up to 9.1 percent.