July Unemployment 7.4%, Down from 7.6% in June; But Still Wearing Us Down

... #ad▼

CNN’s Tom Foreman reports on the unemployment rate and how it affects workers and the labor market.

Fewer people were hired in July than expected, more were hired at low wage positions. There is no sign that we are going to get out of the 7 percent range.

The job market is a total employer’s market: If a person is looking for a job, they take what ever is offered to them, and if a person has a job, they don’t complain.

Younger workers have have the hardest time because the lower wages they start with may stick with them.

People are saving less, spending less, and paying less taxes.

Get updates from The Cardinal ALL NEWS FEEDS on Facebook. Just ‘LIKE’ the ‘Arlington Cardinal Page (become a fan of our page). The updates cover all posts and sub-category posts from The Cardinal — Arlingtoncardinal.com. You can also limit feeds to specific categories. See all of The Cardinal Facebook fan pages at Arlingtoncardinal.com/about/facebook …

Search Amazon …

Search for products sold on Amazon:

Arlingtoncardinal.com is an Amazon Associate website, which means that a small percentage of your purchases gets paid to Arlingtoncardinal.com at no extra cost to you. When you use the search boxes above, any Amazon banner ad, or any product associated with an Amazon banner on this website, you help pay expenses related to maintaining Arlingtoncardinal.com and creating new services and ideas for a resourceful website. See more info at Arlingtoncardinal.com/AdDisclosure