The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.
The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.[/quote]
The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.
Thank you George Bush[/quote]
Hey if it wasn’t for Obama’s stimulus package we would have never gone above 8% unemployment right? He obviously knows what he is doing with this.
Oh and by the way the inflation that has been created is all Obama’s fault. After the Stimulus he should have forced the Fed to raise interest rates.
Thanks for showing you are clueless to why this is going on.
The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.
Thank you George Bush[/quote]
WOW.
Here’s a nice graph showing pitbull’s team versus reality.
The jobless rate rose to 10.2 percent from 9.8 percent in September. The jump reflects a sharp increase in the tally of unemployed Americans, which rose to 15.7 million from 15.1 million. That was much larger than the net loss of jobs, which is based on a survey of businesses.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.[/quote]
That was the U-6 rate back in September according to the BLS. It’s almost assuredly above 18% now.
That was the U-6 rate back in September according to the BLS. It’s almost assuredly above 18% now.
You are probably right, but if I posted 18% people would be asking for proof, and 17.5% is the most recent update.[/quote]
Dammit, I was wrong. It was 17 in Sept. 17.5 in October. .5 increase in 1 month. Heckuva job, Obama! Why, if this keeps up we’ll be to California levels in no time.
[quote]Gregus wrote:
This has nothing to do with the presidents or the political party. [/quote]
Thank you sir, finally some reason. The president/any president for that matter has little to do with the economy and certainly not this recession. It isn’t former president Bush’s fault and it isn’t President Obama’s fault either.
[quote]Gregus wrote:
This has nothing to do with the presidents or the political party. [/quote]
So no president or political party issued TARP or The 787 billion dollar stimulus. And all the money has nothing to do with the fact that the dollar is debased?
You’re right, there is no difference between me and republicans. Your point?[/quote]
I think it just proves that Bush=Obama, since for the most part, they are doing the same thing to the economy. And if I remember right you where very critical of bush, so I can expect the same out of you for Obama right?
The 17.5% number is pretty accurate. Once you run out of unemployment benefits, you’re off the grid. The under-employed who take 2 lesser part jobs skew the data as well.
[quote]borrek wrote:
John S. wrote:
JN7844 wrote:
pittbulll wrote:
Thank you George Bush
I don’t get it. You want to blame the current state of the US economy on Bush?
He hasn’t figured out yet Bush isn’t President anymore.
TARP was a Bush program. The right cried “but, Clinton!” for years, so turnabout is fair play.[/quote]
It was. And we’re 9 months into the Obama admin, so we expect change. Or at least some hope of change. But we’re still seeing unemployment heading the wrong direction. It’s time we hung the problem around Obama’s neck as he’s the guy in charge.
