John McCain, just 10 days ago, said the economy is doing peachy. I guess it is if your wife is a rich beer heiress.
But not so much for the 159,000 who lost jobs in September, according to the U.S. Labor Department report released this morning. So far this year, 760,000 jobs have disappeared from the economy.
The report contains a lot of dismal news. Unemployment is up to 6.1 percent. The real unemployment figure, which includes those who have given up looking for jobs is 11 percent.
The number of people working part-time jobs because they can't find full-time work has jumped. Wages, this year, have increased by 3.4 percent, but prices rose by 6 percent.
The Labor Department reported that the hurricanes in the Gulf Coast had little to do with the news.
Good news, though, is while the stock market plummets, the only company in the S&P 500 to see its stock rise is Campbell Soup. We're all going to be living on tomato soup in the future.
Have a nice day!
Read the government report here.
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