Job losses narrow as Obama credits stimulus

Is this really from the stimulus, or have they just cut as many jobs as they can right now? Are they going to say that since, in the past, there have been about 500K jobs/month lost, and this month there have only been about 240K job losses, that this means a “savings” of about 260K jobs? As in the campaign promise of “2 – 4 million jobs created or saved?”

From Raw Story:

A surprise improvement in the US unemployment rate amid narrowing job losses has boosted hopes that the world’s biggest economy is emerging from the grip of recession, analysts say.

The jobless rate fell one-tenth of a point to 9.4 percent in July as job losses narrowed to 247,000 from 443,000 in June, a Labor Department report showed.

The report provides a clear signal that the labor market and the economy have likely turned the corner after a brutal recession that began in December 2007, said analysts.

Read the rest:


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