Bush = 2,598,000 fewer jobs

This from It's Still the Economy, Stupid:

June employment was down 30,000 to 130.0 million. The May number was revised downward 75,000 and the April number was revised down 22,000. The running total is now 2,598,000 jobs lost since employment peaked in February 2001.

The U.S. unemployment rate shot up to 6.4%, the worst level since April 1994. Employment in the household survey (on which the unemployment data is based) actually rose on the month, but not enough to gainfully employ 600,000 new entrants to the labor force, probably due to the school year ending. Teenage unemployment rose 0.8% to 19.3%. Black or African American unemployment rose a full percentage point to 11.8%.

While Bush seems to be having trouble liberating the people of Iraq and winning the War on Terror, his economy is having no trouble liberating Americans from their jobs. Maybe it's time for a "War on Unemployment". It seems like that war would be one that has both a tangible enemy and the possibility of victory.

Read the entire post HERE.