U.S. jobless ranks zoomed past 10 million last month! Highest in 25 years. :(

“The nation’s jobless ranks zoomed past 10 million last month, the most in a quarter-century, as piles of pink slips shut factory gates and office doors to 240,000 more Americans with the holidays nearing. Politicians and economists agreed on a painful bottom line: It’s only going to get worse….” (read article, click here)

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U.S. unemployment soars to 14-year high, over a million jobs lost in the past year.

Patrice Hill reported this in the Washington Times today: (Click here to read her article.)

“Unemployment soared last month to a 14-year high, the Labor Department reported Friday, prompting the head of the panel that officially dates U.S. economic cycles to say there is no doubt that a recession is under way.

Businesses slashed nearly a quarter-million jobs, pushing the unemployment rate to 6.5 percent, the department said. The losses were deep and widespread across nearly every industry from retailing and office work to construction and manufacturing.

Only the health care, education, mining and government sectors avoided the job slaughter and posted modest employment gains.

“The evidence [of a recession] is more than compelling,” Robert Hall, the Stanford University economist who heads the National Bureau of Economic Research’s business-cycle dating committee, told Bloomberg News. “It’s conclusive, in my personal opinion.”

The full committee of eight economists has not officially declared that America is in a recession, however.

The 240,000 jobs eliminated last month came on top of a revised 284,000 job cut in September — far more than originally reported. Together, the figures show how the economy virtually fell off a cliff at the onset of a severe credit crisis that cut off financing for consumers and businesses alike while it caused the failure of a major Wall Street firm and banks in quick succession.

Manufacturers laid off a stunning 90,000 workers, while construction employment fell by another 49,000 and retailers trimmed staff by 38,000.

“We’re in the teeth of recession,” said John Silvia, chief economist at Wachovia Securities. He said the job losses will weigh heavily on consumers, who already have pulled back dramatically from spending in the past two months. And they point to a big drop in the economy in the final quarter of the year.

Harm Bandholz, economist at Unicredit Markets, noted that the job losses in the past two months amount to more than a half-million and bring the job losses for the year so far to more than 1 million – clearly pointing to a profound recession.”

Beware of the leaven of the Orthodox teachers. Beware also of the leaven of the materialists and of the rulers of government…” -Jesus Christ

:: “And Jesus said: Beware of the leaven of the Orthodox teachers. Beware also of the leaven of the materialists and of the rulers of government. But most of all, beware of the leaven of the self-styled ‘Orthodox’, for in them is the chief stumbling-block.

And when the people understood what he was speaking about, he repeated: Most of all, beware of the teaching of the scholars, the self-styled Orthodox. Beware of them, because they occupy the place of the prophets who declared the will of God to the people. They have of themselves assumed the authority to preach the will of God to the people. They preach words, but do nothing. They only say: Do this and do that. But there is nothing to do, because they do nothing good, but only talk. They tell people to do what cannot be done, and they themselves do nothing. They only try to keep the teaching in their own hands, and for that purpose strive to appear imposing; they dress themselves up and exalt themselves. Know therefore that no one should call himself a teacher and leader.

The self-appointed Orthodox call themselves teachers, and by so doing hinder you from entering into the kingdom of heaven, and do not enter it themselves. These Orthodox think that people can be brought to God by external ceremonies and pledges.

Like blind men they do not see that the outside show is of no importance and that everything depends on the soul. They themselves do what is easy and external, but what is needful and difficult-love, mercy, and truth-they neglect. They only wish to appear to be within the law and to bring others outwardly to the law.

Therefore they are like painted tombs, which seem clean externally but are loathsome within. They outwardly honor the holy martyrs, but in fact they are just the people who torture and kill the saints. They were, and are, the enemies of all that is good. All the evil in the world comes of them, because they hide the good and put forward evil in its stead.

Most of all to be feared, therefore, are the self-appointed teachers. You yourselves know that every other mistake may be corrected, but if people are mistaken as to what is good it cannot be corrected, and that is the case with the self-appointed leaders.”

-Jesus Christ (Lk. xii. 1&5, xx. 45, Mt. xxiii. 2)