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Pastimes : Discussion Thread

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To: c.hinton who wrote (1841)9/5/2008 9:59:54 PM
From: TimF  Read Replies (1) of 3816
 
New Unemployment Numbers

US unemployment in August "jumped unexpectedly" to 6.1%, by the oddest of coincidences in the first full month just after new, 12% higher US minimum wages took effect.

The unemployment rate is higher than it has been in the United States in the last 5 years, but substantially lower than the rate most Western European countries like France and Germany experience even during peak economic times.

In response, the Obama campaign is urging further increases to the minimum wage and emulation of labor policy and legislation in France and Germany.

coyoteblog.com

Also its (as the article you quote mentions) it comes right after an extension of long-term unemployment benefits that took effect in July.
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