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Tuesday, May 12, 2009

Unemployment Reaches New High, but with Glimmers of Hope Attached

Bruce Note: Ah, *Glimmers* of Hope.... as in, I hope I don't lose my job!

Unemployment rose to 8.9 percent in April, with 539,000 more jobs being shed. It’s actually a better number than economists expected, and the lowest number of monthly job losses since October 2008.

President Obama called the numbers “somewhat encouraging” but still a “sobering toll.”

Bruce Note: "Somewhat encouraging" .... Is that like a person with Swine Flu is "Somewhat healthy"? I think the English language has been hijacked by Orwellian doublespeak...

http://www.cnbc.com/id/30647064/

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