Bad Economic News For US and Eurozone

Rev 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, "Come!" Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).

“Against all odds, the frameworks of the world’s economic, political, and social systems are being shaken and are beginning to crumble.”

-Jim Bakker in “Prosperity and the Coming Apocalypse”

The US economy’s unemployment rate increased slightly in April while the Eurozone’s held steady at a record high level.

The news sent all the US stock markets plunging lower in morning trading. The jobless rate in the US increased to 8.2%, up .1%, according to the Labor Department report. The number of jobs added in March and April was revised down by 49,000 and there are now five million fewer jobs in the US than at the start of the recession.

In addition, the number of “long-term unemployed,” defined as those unemployed for more than 27 weeks, rose by 300,000 in May to 5.4 million Americans.

In the eurozone, the unemployment level remained at 11%, unchanged from March but still the highest recorded level. Spain topped the eurozone nations with 24.3% unemployment. Across the entire 27 nation European Union, the jobless rate rose to 10.3%.

An economist at ING told the BBC that the labor market recession is spreading and deepening.

 

2 thoughts on “Bad Economic News For US and Eurozone

  1. I am so greatful that God has provided me with the job I have. I ws unemployed a year and when I totally surrendered to Him He brought this job into my life. It is a temporary to possible permanent, and the lay offs have been ongoing for weeks now, but God has still kept me there. And if I am laid off, He will provide. Enjoy your show and your books, Pastor Jim. God bless you and your family.

  2. I do so appreciate your continuous watch over world events. It helps me when I address the people on my Facebook about what their focus should be in order to prepare a hedge of protection in their own worlds! I also value the insights that are discussed on the show concerning Revelation. Most folk today do not want to embrace any of what is provided them in God’s Word because it’s hard to face up to truth. Hopefully, as I listen to your teachings, I can explain this truth in a manner that will be understandable and well-received.

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