Do you remember hearing this news last week or was the horror playing out in LIbya, Cairo, Tunisia, Sudan and the rest of the Middle East enough to keep you occupied?
Aside from awaiting the Feds decision on QE3++++, here is some significant news likely to be downplayed in other media who seem to be too busy crucifying Romney for suggesting the President is a wimp.
“Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 382,000, the highest in two months, the Labor Department said on Thursday. The prior week’s figure was revised up to show 2,000 more applications than previously reported.”
“The Labor Department says that the producer price index, which measures price changes before they reach the consumer, jumped 1.7 percent in August. The increase was mostly because gas prices soared 13.6 percent, the biggest gain in three years.”Employers added 96,000 jobs last month, a step down from July’s 141,000 count. While the unemployment rate dropped to 8.1 percent in August from 8.3 percent, it was because Americans gave up the search for work.
Under this President everything is worse.
Tell ’em where you saw it. Http://www.victoriataft.com
