U.S. Unemployment Rate – now at 9.2%

by ECT Economic Advisor

Our Nations Unemployment rate rose to 9.2% for the first time in 2011.  The highest it’s been all year.

The Presidents 3 year Record – as measured here in Eagle County?

1 – Housing Prices have crashed – too many County homeowners ‘underwater’ (Eagle Ranch/Basalt) with their mortgages.  Overall Real Estate transactions reduced by more than half – from the Bush years.

2 – Eagle County’s Unemployment rate – about on par with our Nations Rate.  No significant new County Jobs have been created.

3 – Due to the costs of implementing the so-called ‘Obamacare’ our own Vail Valley Medical Center has recently shed an additional 22 local Jobs.  (Click Here)

4 – Your child’s future now facing Trillions more in long-term debt – your child will have to pay due to the Presidents so-called ‘stimulus program’.

How much more evidence is required for a Reasonable Person – to conclude what the ECT has known since the start of this mans Presidency?

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One response

  1. You mean like this news – today ECT?

    9NEWS, CO 6:35 PM, Jul 10, 2011
    — 396 Businesses expecting state insurance bills

    GRAND JUNCTION, Colo. (AP) – Colorado is turning to business owners to cover interest on a federal loan used to cover unemployment benefits.

    Colorado has borrowed some $276 million since January of 2010 to cover unemployment benefits. Businesses will begin receiving letters this month detailing how much they have to pay to help cover $12 million in interest.

    Each employer who pays into the state’s unemployment trust fund will have 30 days from the day they get their bill to pay their share of the $12 million interest payment –

    Full story here -> http://www.9news.com/news/article/207420/188/396-Businesses-expecting-state-insurance-bills-

    and: Denver Post, 2 days ago July 8, 2011

    -Summary-

    -Hiring slowed to a near-standstill last month.
    -the jobs were created in June are the fewest in nine months
    -The report baffled economists.
    -People who do have jobs are earning less.
    -Workers’ hourly pay fell in June.
    -They worked fewer hours.

    Full article here http://www.denverpost.com/business/ci_18444012?source=bb

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