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Unemployment rates rise slightly in Bay Area, statewide

Original post made on Aug 19, 2013

The jobless rate in California increased to 8.7 percent in July from 8.5 percent in June. East Bay counties saw a slightly larger jump, with Alameda County rising from 7.4 to 7.8 percent and Contra Costa County from 7.3 to 7.7 percent.

Read the full story here Web Link posted Friday, August 16, 2013, 4:19 PM

Comments (5)

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Posted by Danville Independent
a resident of San Ramon Valley High School
on Aug 19, 2013 at 7:49 am

I don't see a big swing either way in our future, and it's due to the increasing power of our corporations over the working stiffs. Their bottom line demands one thing: low wages, and "zero-to-no" benefits. But this "winning- strategy" for them is a true bust for the middle class: the "true" job creators in our society! When WE start buying cars and refrigerators, washers and dryers, going to restaurants and taking nice vacations,...then the WHOLE economy picks up, and everybody benefits! (President Eisenhower knew the true economic engine (a Republican!), WAS a strong middle-class, and that's why the top take rate (on people's making over $400,000, I believe,...was 90%) . Corporations then didn't pay the outrageous salarys to their CEO's, knowing that the government would just take it. The result: that money would then be reinvested back into their company's future. A stronger middle-class emerged, with more buying power for 95% of our country.
What we have today (and certainly a bad omen for the young adults entering the workplace!), is an economic engine based on greed for the top 5% of our society.
Like I said,....I don't see it changing anytime soon....


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Posted by Danville Independent
a resident of San Ramon Valley High School
on Aug 19, 2013 at 7:49 am

I don't see a big swing either way in our future, and it's due to the increasing power of our corporations over the working stiffs. Their bottom line demands one thing: low wages, and "zero-to-no" benefits. But this "winning- strategy" for them is a true bust for the middle class: the "true" job creators in our society! When WE start buying cars and refrigerators, washers and dryers, going to restaurants and taking nice vacations,...then the WHOLE economy picks up, and everybody benefits! (President Eisenhower knew the true economic engine (a Republican!), WAS a strong middle-class, and that's why the top take rate (on people's making over $400,000, I believe,...was 90%) . Corporations then didn't pay the outrageous salarys to their CEO's, knowing that the government would just take it. The result: that money would then be reinvested back into their company's future. A stronger middle-class emerged, with more buying power for 95% of our country.
What we have today (and certainly a bad omen for the young adults entering the workplace!), is an economic engine based on greed for the top 5% of our society.
Like I said,....I don't see it changing anytime soon....


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Posted by Danville Independent
a resident of San Ramon Valley High School
on Aug 19, 2013 at 7:52 am

("TAX" rate! - stupid I-phone!)


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Posted by Ava
a resident of Danville
on Aug 19, 2013 at 10:22 am

The unemployment rate is much higher than stated----many have given up looking for a job. Others are holding down numerous partime jobs because of obamakill.
Lousy reporting just like the SF Chronicle.


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Posted by Huh?
a resident of Danville
on Aug 19, 2013 at 11:17 am

"obamakill"? Really? Were you in a coma in 2009 when Obama took office? Or do you just have Fox-induced amnesia? If so, here's a recap of the economy in January 2009: Job losses of close to a million jobs a month, major corporations failing, the stock market close to bottoming out, real estate values plummeting, and the global economy circling the drain, on the brink of a worldwide, 30's-style great depression.

Since then the economy has been stabilized and begun to grow again, millions of jobs have been created (although more are still needed) the real estate market has stabilized and is recovering, and businesses are making profits and the stock market has recovered all of its losses.

The ability to blame the guy who was brought in to clean up the mess created by deregulation of the financial markets (another deregulation nightmare brought to us courtesy of right wing theolog..., er, "ideology") instead of the people who caused it is a triumph of propaganda over people's ability to see what is right in front of their faces.

But Danville Independent is right - unless we can figure out a way to stop the ongoing stratification of the nation into "haves" and "have-nots" - something that's been going on steadily for the past 35 years - the economy can never be as strong as it was before greed became "good."


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