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Reply to "It Doesn't Look Like We've Lost Jobs, in fact a gain of 2.6 million MORE jobs under Bush!"

This is for Lofton and Sgt who like to sing that "how gud we's gots it" tune.
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Unemployment Among Latinos, Blacks Remains High
Despite the recent pronouncements in the media and by President Bush that the economy is on the road to recovery, Congressional Black Caucus (CBC) Chair Elijah E. Cummings, D-Md., said unemployment among Latinos and African American remains in the double digits.

"While it is welcome news that some Americans are finding work, these new numbers are disappointing when one considers the record growth in the gross domestic product recently announced by the U.S. Department of Commerce," said Cummings in a written statement. The job report also indicates that while the African-American unemployment rate fell to 10.1 percent in November, down from 10.9 in October, the Latino unemployment rose to 7.4 percent, up from 5.8 percent during the same period.

Overall, the economy is showing signs of a recovery, and there is reason for optimism Bush said in his weekly radio address on Saturday. "The American economy continues on a solid path of recovery. With strong sales and improving profits, companies will continue to hire new workers in the coming year."

According to figures released by the U.S. Department of Labor, as of November, the national unemployment rate stands at 5.9 percent, with the economy creating 57,000 new jobs. In addition, 328,000 jobs have been added over the last four months – the most robust four-month job growth record in nearly three years.

Still, Cummings said with so many Americans out of work, there isn't much to celebrate. "When we consider that over 2 million Americans have been unemployed for more than six months, and that about 3 million Americans have lost their jobs since January 2001, and close to 9 million Americans will wake up tomorrow morning without a job, now is not the time to celebrate or pat ourselves on the back."
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