8/03/2012

Pelosi Says 8.3% Unemployment Is "Step In The Right Direction"

Posted by Brian
Pelosi's "Step in the right direction"?
Nancy Pelosi tweeting to her sycophants, called unemployment rising to 8.3%, and a net increase of 32,000 more Americans out of work, as a "small step in the right direction". This unemployment rate doesn't even count the 150,000 Americans who, discouraged, quit looking for work.  And Romney is out of touch?!



July jobs report: Hiring picks up, unemployment rises
By Annalyn Censky @CNNMoney August 3, 2012: 12:45 PM ET

NEW YORK (CNNMoney) -- Businesses stepped up their hiring in July, but the unemployment rate ticked higher anyway.

Employers said they added 163,000 jobs in the month, according to a Labor Department report released Friday, much better than the 95,000 jobs economists had forecast.

But at the same time, the unemployment rate unexpectedly rose to 8.3% as households claimed they lost 195,000 jobs.
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