Concern About Job Losses Remains Despite Stimulus Labor Day Highest Unemployment Rate in 26 Years | THE AUDACITY OF HYPOCRISY | Media Lies | ObamaLies.com | Exposing Mainstream Media Hypocri: "“We continue to lose manufacturing jobs, government jobs, retail jobs, financial services jobs. The economy continues to contract,” Peter Morici, an economist at the University of Maryland
More than 2.3 million Americans have lost their jobs since the stimulus went into effect, and that’s a big chunk of the 6.9 million jobs that have been lost since the recession started last year.
Many economists believe unemployment is a lagging indicator during a recession and is often the last part of the economy to recover.
Vice President Joe Biden said last week the stimulus is working better than the administration had hoped, and federal money is being filtered down to states for construction and other projects and while things haven’t improved fully, the economy is improving.
Biden said in a speech at the Brookings Institution, Sept. 3."
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