Friday, August 05, 2011

Economic Data to Ponder


Our economic conditions are not improving.  Ponder some of the following data released today: 
  1. Just 58% of working-age Americans has jobs, lowest since July 1983!  
  2. Food stamp use rises to record 45.8 million individuals, or about one in every six Americans.
  3. Average length of unemployment reached a new all time high of 40.4 weeks in July, up from the previous record of 39.9 in June.  
  4. Fannie Mae needs another $5.1 billion in aid from the Treasury.  So far, it has received $103.8 billion.

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