Job Losses Rise in June as Unemployment Reaches 9.5%

[B.O.]

Despite Obama telling his sheep that the stimulus is working the American economy lost another 467,000 jobs last month and now the unemployment rate rose is at 9.5 percent.

The pace of job losses quickened in June after slowing just a month earlier, casting a shadow over the Obama administration’s attempts to stanch months of declines in the labor market.

http://www.nytimes.com/2009/07/03/bu...ef=global-home

[Drums of War]

I've heard for some time that unemployment will reach 10-11% before it flat lines and starts heading back down. We are not out of the woods, we are close but bad times are still ahead.