The Ugly is a weekly look at how a certain segment of the US retail industry is hurting the country’s economy.
Each week, we’ll explore one aspect of retailing in a different state.
It seems like every year there’s some new revelation about how our society is failing the country.
Last week, it was the news that the US had a staggering 4 million new jobless people.
Last week, that number was revised to 4.6 million.
The unemployment rate rose to 4%.
This week, the Bureau of Labor Statistics said the unemployment rate was now 5.6%.
This is a big improvement over the previous week, but the number of unemployed Americans has been growing.
It was still more than twice as high last week as it was just before the Great Recession began.
It’s the worst jobless rate since the Great Depression.
The problem is that our economy is not creating enough jobs.
We are seeing the opposite of the truth.
We have the fastest-growing economy in the world.
We’ve created the most wealth in our history.
But our unemployment rate is now far higher than it was at the beginning of the Great Tragedy.
The US economy has been expanding at a rate of 3.7% since the recession began, but it’s now growing at a staggering 3.5%.
The unemployment is up to 7.9% from 7.5% just before this crisis began.
The number of Americans without a job has doubled.
The jobless have doubled.
When people say “we’re still recovering from the Great Wall of China,” it’s often a joke.
It really is.
It seems like it’s only a matter of time until China decides to open its doors.
But as the world continues to tighten its belt, we’re seeing a reversal of what was supposed to happen.
It looks like China is opening its doors again, and we’re not ready.
We’re going to have to catch up with China, or the world will suffer from an even greater economic slowdown.