Hiring slowed to a stagnant pace last month, pushing the unemployment rate up for the third consecutive month and raising questions about whether the economy has what it takes to climb out of its post-recession slump.
President Obama, addressing the bleak report outside the White House Friday, acknowledged the economy still has a "long way to go" to fill the jobs hole left in the wake of the 2008 recession. "Our economy as a whole just isn't producing nearly enough jobs for everybody who's looking," Obama said.
Bailey Comment: Duh!! Mr. President you finally got it (maybe)? Try cutting up your government credit card and coming out into the real world. It's easy to spend money when it's not coming out of your own pocket!
Read more: http://www.foxnews.com/politics/2011/07/08/unemployment-rate-rises-to-2-percent-in-june-as-hiring-stalls/#ixzz1RhhGBIke
