Labor Report: 125,000 Jobs Lost, But GOP Says Tough Sh*t
July 2, 2010
(ChattahBox)—The end of the month Labor Department report is out today and it’s a decidedly mixed bag. As expected, the economy shed jobs as temporary Census workers were laid off, but the private sector failed to add sufficient numbers of workers to its payrolls. But on the bright side, the unemployment rate fell to 9.5 percent from 9.7 for May, which is the lowest jobless rate to date, for 2010.
According to Bloomberg’s report, the small gains in private sector hiring present a grim long-term outlook for recovery:
“Payrolls declined by 125,000 last month as the government cut 225,000 temporary workers conducting the 2010 census, Labor Department figures in Washington showed today. Economists projected a decline of 130,000 payrolls, according to the median forecast in a Bloomberg News survey. Employment at companies rose 83,000. The jobless rate fell to 9.5 percent from 9.7 percent as the labor force shrank.”
“The pace of hiring signals it will take years for the world’s largest economy to recover the more than 8 million jobs lost during the recession that began in December 2007.”
Now is the time to remind Republicans, Blue Dog Democrats and Sen. Ben Nelson (D-NE) once again of Economics 101: the need for stimulus spending during a recession, not cost cutting and fiscal austerity. History shows Hooverism will prolong the recession and the suffering of millions of unemployed and under-employed Americans.
Sen. Debbie Stabenow (D-MI) has continued to rail against cold-hearted Republicans, whom continue to filibuster a jobs bill and the extension of unemployment benefits to the long-term unemployed. The GOP caucus in the Senate won’t even allow the jobs bill to come up for an up-or-down vote. And with the help of Sen. Ben Nelson, they have been succeeding. The last vote garnered 59 votes in favor, coming up one short to break the GOP filibuster.
In February, Sen. Jim Bunning (R-KY) staged an infamous one-man filibuster to block the extension of unemployment and Cobra health benefits to over a million unemployed Americans. At the time, his mean-spiritedness made him a universally hated figure, after literally saying “tough shit” to jobless Americans.
Now, the entire Republican caucus, is saying “tough shit” to the unemployed. And worse, as their obstructionism increases and the economy sinks further, Republicans may indeed successfully ride a wave of voter anger in the mid-term elections.
Stabenow has stated the obvious: Republicans are purposely trying to destroy the U.S. economy to boost their electoral chances in November.
“To take money from job creation to fund unemployment benefits makes no sense,” said Stabenow.
Photo Source: Wikimedia Commons/Joe Mabel/Signs originally over the door of the post office of Seattle’s 1930s Hooverville (squatter settlement), Museum of History and Industry