Friday, September 3, 2010

Unemployment rate up

Today's unemployment figures are in and the news is far from encouraging.

We're inching up toward the 10 percent unemployment mark. Not a good thing, politically, for the Democrats. But even worse for the economy.

It's like tracking Hurricane Earl - wondering if it's going to take a swing to the west. Is the next economic storm about to make landfall?

Forecasting a hurricane's path and the economy are similar. Both are based in part on guess work. Earl may just be a glancing blow to the east coast. I'm not so sure about a failing economy which I frankly fear will be a direct hit.
Sent from my Verizon Wireless BlackBerry

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