http://www.government-mortgage-relief.com: Jun 3, 2011

Friday, June 3, 2011

Employers Added 54K Jobs, Rate Ticks Up to 9.1 -June-03-2011-

Bleak Jobs Report Dampens Hopes of Steady Growth
June-03-2011--A bleak jobs report suggests the recovery from the Great Recession will be longer and bumpier than many economists had envisioned.
Most economists say job growth should strengthen later this year as gasoline prices drop further and the economy recovers from the effects of natural disasters in the U.S. and abroad. But the recovery is starting to weaken 17 months before the 2012 election, which could hurt President Barack Obama's re-election
prospects. Several chronic problems are weighing on the economy. Home prices are still falling. The average worker's pay isn't keeping up with inflation. Cutbacks in spending by state and local governments are contributing to slower growth, even in the private sector.

And members of Congress are preparing to cut spending.

Video: Employers Added 54K Jobs, Rate Ticks Up to 9.1
Phantom Jobs Mask Extent of Joblessness
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Tornado winds topped 135 miles per hour, weather service says -June-03-2011--

Tornado winds topped 135 miles per hour, weather service says
June-03-2011--The tornado that raced through western Massachusetts on Wednesday was at least a category EF3, meteorologists concluded today. “It is possible it could end up being ranked higher. But at this time, we feel comfortable releasing the information,”
“It was at least an EF3 in the hardest hit areas along its track, which certainly includes Monson.”
An EF3 is considered a strong tornado carrying winds of 136-165 miles per hour that can cause significant damage to structures and destroy those that are not well-built.
Tornado survivors are being asked to call 211 today and give the state a general report on the damage they have suffered so officials can prod the Obama administration into qualifying Western and Central Massachusetts for federal disaster relief.
Massachusetts residents face aftermath of tornadoes
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Obama: Still Battling Economic 'Headwinds'

Obama tours Chrysler plant, touts auto bailout
June-03-2011--WASHINGTON -- President Obama touted the recovery of the Big Three automakers in a speech at a Chrysler plant in Toledo, Ohio, on Friday, saying it couldn't have happened without his 2009 bailouts. At a Chrysler plant that makes Jeep Wranglers, the president talked about the jobs saved in Toledo, as an example of the broader economic recovery. "Each day, when you clock in, you're doing more than earning your pay by churning out cars, you're standing up for this company. . . and showing the world that American manufacturing and American industry is back," Obama said.
Video: Obama: Still Battling Economic 'Headwinds'
Obama touts taxpayer bailout to auto industry
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