Jobless rate hits 9.4 percent in May; layoffs slow - Yahoo! News

9.4%! That's higher than the 9.2% I heard just yesterday. I think it will be 10% before the end of this year. But they are so happy because the rate of people being canned is decreasing. Maybe that's because business is running out of "fat" to cut. That's usually how businesses get rid of people that are not completely incompetent, yet not really providing any value to the company. They don't really have a reason to fire them, so when layoffs come around, those are usually the first to go. This isn't over. As the article says (but tries to make it sound not so bad), nobody is hiring. There are companies collapsing all over the place. Do think it was just dumb luck one of the largest companies in the world has failed? No way. This is a trend and it may appear to be "slowing" but remember, it's still slowing. Everyday, there are companies barely making it as it is. They are trying to hold on, and maybe they can for awhile, but many are going to collapse if things don't get better soon. Now we really will see the effects of the "stimulus." The massive amount of money is not coming out of thin air, as they want you to believe. It's coming out of the economy. Trillions more are being sucked out as I write this. A lot gets put back, but a lot is simply diluted and making our real assets more worthless. Inflation is going to happen. Interest rates will sky rocket, and they'll keep raising our taxes. The more they monkey around with the markets, the more messed up it will become. Jobless rate hits 9.4 percent in May; layoffs slow - Yahoo! News: "The much smaller-than-expected reduction in payroll jobs, reported by the Labor Department on Friday, adds to evidence that the recession is loosening its hold on the country. It marked the fourth straight month that the pace of layoffs slowed."