death-spirals

Obama's Laser-like Focus on Jobs Paid Off With a Whopping 18,000 New Ones Last Month

John Cook · 07/08/11 11:05AM

The new monthly jobs report is out, and guess what? Unemployment is up to 9.2%, the economy only added 18,000 jobs (one-tenth of the number needed to find jobs for all the poor saps entering the workforce right now), we created 44,000 fewer jobs than we thought in April and May, 14.1 million Americans are out of work, and roving bandit gangs are lighting tire fires in the street outside your house right now.