Another Post From July 2003 Concerning the Economy

=============================================
Unemployment Rate Surges to 9-Year High

July 3 — WASHINGTON (Reuters) - The U.S. unemployment rate shot up in June to a fresh 9-year high while the economy lost 30,000 jobs, the government said on Thursday in an unexpectedly gloomy report on the labor market. The jobless rate climbed to 6.4 percent last month from May's 6.1 percent, the Labor Department said, a much worse reading than the 6.2 percent forecast by U.S. economists in a Reuters survey. The rate reached the highest level since a matching 6.4 percent in April 1994. The key data may call into question hopes that have been building in the stock market that the U.S. economy is set for a rebound. Worried about the lackluster state of the economy, the Federal Reserve last week cut short-term interest rates to 1 percent. END

So once again, there you have it. The incompetent fraud "Chimp McSmirk" strikes again! Oh I forgot, it's Bill Clinton's fault. I guess he shouldn't have been so good at what he does. As I have said since the day the "Fraudulent One" was appointed, Bush has and will continue to secure Clinton's legacy. :: DM1 7/03/2003 10:04:00 AM [+] ::