Tag Archives: u.s. unemployment

Great Leap Forward! GM China Announces Five Year Plan to Double Sales by Introducing 60 New and Upgraded Models

In fact, due to a job creating industrial policy dictated by the Communist Chinese government, China is actually benefitting from leverage as all western automakers must establish joint ventures with local Chinese companies – some of them former munitions makers and military suppliers – in order to gain access to the lucrative market. Continue reading →

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U.S. Unemployment Remains Above 9% in December. Economy Adds Few Jobs. More than 14 Million People Out of Work

In spite of massive, multi-billion dollar deficit spending by the federal government, job growth is virtually non-existent and well below the rate of population growth of people entering the workforce, according to year end statistics.

In December, the unemployment rate fell by 0.4% of a percentage point to 9.4%, and nonfarm payroll employment increased by a mere 103,000. More than 14.5 million people are out of work. Official statistics drastically understate the actual number of unemployed or under employed people in the United States. It appears there is no end in sight to massive unemployment, decreased tax revenues and record breaking deficit spending.
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U.S. Unemployment Rises to 9.8% in November

As the lame duck U.S. Congress bickers along partisan lines, unemployment rose to 9.8% in November. Continue reading →

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