(Market Watch) The Dept of Labor reported today that the nation’s unemployment rate in June, held steady at 7.6% the ‘New Abnormal’ writes Zero Hedge which is turning out to be quite an embarrassment for the Obama Administration.
There is good news says’s Tyler Durden at Zero Hedge. ‘Even as manufacturing jobs continue to collapse putting their fourth consecutive monthly drop in June to 11.964 million jobs, minimum wage Servers and Bartenders have never been happier–In June, restaurant and bar employees just hit a new all time high of 10,339,800 workers, increasing by a whopping 51,700 in one month.’
Flashback: Remember before taking office Barack Obama pledged that he would put a renewed focus on jobs when the nations unemployment rate stood at 7.6% (coincidentally right where it stands today, if one actually has confidence in the unemployment numbers? I digress) Obama claimed the nation’s jobless rate “…couldn’t be more serious, these numbers demand action…”
Riight…
Related: Only 47% of Adults Have Full Time Jobs –Breitbart