Friday, May 7, 2010

Unemployment Rate Up—Despite Census Jobs

The national unemployment rate rose from 9.7% in March to 9.9% in April—despite the hiring of 66,000 temporary government workers for the U.S. Census Bureau... As of February, I'm among those temporary Census employees, still on the unemployment books, but obviously not collecting.

There are still talking heads jawing about how rosy the U.S. economy is looking: "Broad-based job gains are an indication that businesses are feeling more comfortable about expanding their work forces," said Joel Naroff, prez of Naroff Economic Advisors.

Huh? Did this dude not read that unemployment is UP? There's an idiot quoted every minute.