Remember when President George W. Bush's economy was in the middle of its 53 months in a row of job creation which, by the way, was initiated by the Bush tax cuts, and all the media reports were of gloom and doom....well this is the CNN piece on today's report of 473,000 jobs lost in June;
Job market shows some improvement
Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 473,000 jobs in June, a 2.5% improvement from the revised 485,000 drop in May.
The June job cut total was more than expected. Economists surveyed by Briefing.com had forecast a loss of 394,000 jobs last month.
However, the May tally was revised lower. ADP originally reported a loss of 532,000 private-sector jobs in May...