Jobless rate rises

Jobless rate rises and there are no signs of recovery. Perhaps, things will turn around soon. However, I do not think so. Let's face facts, rising unemployment rate is not a recovery sign. In fact, it is a sign of a recession. Of course, debunkers will giggle and say everything is fine and I am crazy. That said, the numbers do not lie and unemployment is going up. When people lose their jobs they spend less money. This means retail sales will go down and labor firings will go up.