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Fall Of The American Empire Discuss the ways in which America is falling. The Roman Empire never had this chance to discuss their own downfall, we do...what do you think? Immorality, gay marriage, political correctness, selfishness, hatred, rage, complete and utter apathy is going to destroy America, period. Let's watch it happen and talk about how and why it's happening here!

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Jobless rates jumps to 5.5 percent — biggest rise since `86
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Old 06.06.2008
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Jobless rates jumps to 5.5 percent — biggest rise since `86
Jobless rates jumps to 5.5 percent — biggest rise since `86
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WASHINGTON - The nation's unemployment rate jumped to 5.5 percent in May — the biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs.
The latest snapshot of business conditions showed a deeply troubled economy, with dwindling job opportunities in a time of continuing hardship in the housing, credit and financial sectors.
"It was ugly," said Richard Yamarone, economist at Argus Research.
With employers worried about a sharp slowdown and their own prospects, they clamped down on hiring in May, said Friday's report from the Labor Department. The unemployment rate soared from 5 percent in April to 5.5 percent in May. That was the biggest one-month jump in the rate since February 1986. The increase left the jobless rate at its highest since October 2004.
On Wall Street, stocks slid. The Dow Jones industrials tumbled more than 200 points in morning trading.
http://news.yahoo.com/s/ap/20080606/...bUDc76jtGs0NUE
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Old 06.06.2008
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An unemployment rate of 5.5 seems high from our standpoint, but that is still a low unemployment rate compared to other top economic nations.

China's unemployment rate is supposively 23% of the labor force. France's unemployment rate is 8.7%. Compared to other countries, 5.5 is a really good number and I'd take it any day. The media isn't telling this side of the story. Congressional and presidential candidates will used these statistics to play off public fears to get votes.

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