U.S. Jobless rate rises to 5.7 percent

Jobs brochures on display at a state unemployment office in Sunnyvale, Calif., Wednesday, 30 July 2008.

The nation's unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs.

July's reductions marked the seventh straight month where employers eliminated jobs. The economy has lost an estimated total of 463,00 jobs so far this year.

The excuse given for this sudden rise is young people streaming for summer jobs is why the unemployment is on the rise.

With companies still downsizing, going bankrupt or just leaving the country; along with just massive layoffs, certainly wouldn’t have anything to do with the current increase of unemployment.

Then with the further destabilization of the stock market and it’s outlook that has many putting on the breaks because of the uncertain futures.

While the U.S. is still juggling the economy baby so to speak, with the quicksand of implosion under there feet; then one has the largest global shift in numerous aspects, which has not been seen for several thousand years. Even to the idea, of a sudden shift of time or at least that was what it was called, in past.