Thursday, March 25, 2010

Worst unemployment in 25 years

Thirteen months later, the Obama/Pelosi "stimulus" package isn't doing much stimulating.

From the Philadelphia Business Journal:
Unemployment climbed to 11.4 percent in Philadelphia in January and to 8.9 percent across the state in February, levels not seen in more than 25 years, City Controller Alan Butkovitz said Thursday in his monthly economic snapshot.

Pennsylvania's unemployment rate was last at 8.9 percent in September 1984 and Philadelphia's unemployment rate was last at 11.4 percent in May 1983. The city's January unemployment rate, which is the most recent data available, increased nearly a full percentage point from December.
Can't wait to see the job loses once Obamacare gets roling.

City controller says Phila. unemployment jumped to 11.4% in Jan. - Philadelphia Business Journal:

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