Job Loss Mounts as Obama Prescribes Home Remedy

The official jobless rate now stands at 10.2 percent as the nation lost 190,000 non-farm jobs last month. Almost 16 million Americans are now jobless. If you count those who dropped from full-time to part-time and those who simply gave up looking for work, the rate escalates to 17.5 percent.

Meanwhile, the Obama administration signs an extension of jobless benefits that pump more taxpayer money into an economy that instead needs profit-driven incentive to grow. It’s like putting a Band-Aid on a festering wound. And, when those benefits run out, then what?

With a Saturday vote coming on Pelosi Health Care Reform, America demands to know, “Where are the jobs?” And the silence from Washington is deafening.

This month’s chart comes courtesy of InnocentBystanders.net.

Tagged as: benefits, jobless rate, Jobs, unemployment rate