Jobless Rate Rises

John McCain says the "fundamentals" of the economy are strong. But, in the real world, 51,000 Americans lost their jobs last month as the jobless rate hit a four-year high. Associated Press:

The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.

The numbers for July continued the troubling effects of Bush/McCain style economic policies.

July's reductions marked the seventh straight month where employers eliminated jobs. So far, this year, the economy has lost a total of 463,00 jobs.

Young people are heading back to the classroom in a few weeks, but many of them will be doing so a little lighter in the wallet than in the last sixteen years, as the economic downturn kept many of them out of work this summer.

This year, however, fewer of them were able to find work, the government said. The unemployment rate for teenagers jumped to 20.3 percent, the highest since late 1992.

Like George Bush's economy? Hire John McCain. He's too busy talking about Britney Spears and Paris Hilton.

Meanwhile, Senator Barack Obama is talking about what's on the minds of Americans: how we can turn our economy around.

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