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Employment Plummets
Thanks Obama.

Quote:The economy created just 69,000 new jobs in May, down from 77,000 in April and 143,000 in March. The payroll gains were much less than the consensus estimate of 150,000. Worse, the payroll gains for April and March were cut by a total of 49,000 jobs. In a note to clients, Ian Shepherdson, chief U.S. economist of High Frequency Economics, summed up the report in three words: "This is horrible."

News stories all over the place today about how unemployment rose and that past 2 reports were adjusted to show that we have even less jobs than anticipated.

I'm an entrepreneur and I've had hundreds of employees in the past 15-20 years. I refuse to hire people now or start a new growth business because of taxes and uncertainty. I'm happy to be one man operation and scared to expand. Heck even if I wanted to I doubt that banks would give me favorable loans like I got in the 90's. Banks aren't lending. Businesses don't want to hire.

All this falls onto Obama.

Messages In This Thread
Employment Plummets - by Omniscient - 06-01-2012, 10:45 AM
RE: Employment Plummets - by Cronus - 06-01-2012, 10:49 AM
RE: Employment Plummets - by Omniscient - 06-01-2012, 09:30 PM

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