Jobless Rate Rises to 5.7% in July
The unemployment rate climbed to 5.7 percent in July, a
four-year high, as 51,000 jobs were lost and the credit
crisis stunted business expansion. Though the economy has now
shed jobs for seven straight months, the decline in July was
less severe than economists had expected.
Which was particularly enjoyable in light of this news:
HOUSTON — Exxon Mobil reported the best quarterly profit ever for a corporation on Thursday, beating its own record, but investors sold off shares as oil and natural gas prices resumed their recent decline.
Doesn't look too good does it? (I have a hunch that it's more than a PR problem).
Check out Obama's plan for fixing the Economy and his Energy Plan