Jul 9, 2011

Misery Index Updated July 2011

So if you combine the current 9.2 unemployment rate with the 3.6 inflation rate, the rate of misery in the American economy is 12.7.

The country hasn't seen that kind of number in almost 30 years....the monthly U.S. jobs report was released this week -  The economy generated only 18,000 total new jobs, the unemployment rate increased to 9.2 percent, and the number of unemployed Americans has gone up by 445,000. In other words, the recovery appears to be dead and trillion dollar stimulus-infused "recovery" refuses to ignite.

And to make matters worse, May's paltry job growth numbers were revised even farther downward, from the initial estimate of 54,000 to 25,000 as recovery remains the weakest recovery of the post–World War II era. In past recessions, employment fully recovered within two to three years. Today, U.S. job growth is stopped dead in its tracks. - www.miseryindex.us

Scariest Jobs Chart Ever