Breaking News from the Washington Post

U.S. employers added 39,000 jobs in November, the Labor Department said, a sign that the economy is accelerating, but at a pace lower than what analysts expected. Analysts had predicted employers would add between 75,000 and 200,000 jobs, according to a Bloomberg survey.

The unemployment rate rose to 9.8 percent, compared with 9.6 percent in October.

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The Post really knows how to turn a phrase, don’t they? “…the economy is accelerating…” If our economy is accelerating, what would they call a down turn?

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2 thoughts on “Breaking News from the Washington Post

  1. Jim methinks, are you questioning the media and the thugocracy that controls it?

    Everyone declaring “Happy Days” and the FED giving the taxpayer money to banks via POMO so that they can buy the stock market? That jobs data, pre Christmas is pathetic. Can’t wait to see the spin they put on the Jan. numbers. You simply can’t make this shit up.

    Like polishing a turd and telling everyone it is a precious gem.

    1. They are a breed unto themselves, aren’t they?

      Speaking of the Fed, there’s an interesting article in LewRockwell.Com that explains very well that the myth about fractional reserve banking. The author explains that if it weren’t for the FED and its OPMO there would be no problem with fractional reserve banking.

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