unemployment up to 9.8

#3
#3
*not including people who have given up looking for a job
 
#4
#4
Nothing is going to change regardless of which party is in power.

There is too much division in the US. Too many people believe in absolutes. Nothing good for the country will ever be agreed upon. In the event one party or the other actually proposes legislation that's good for the country, the other side will shout it down for no reason other than it came from the other party. Or it will be watered down so much to appease the other group that any benefits are lost.
 
#7
#7
The UE number is becoming less and less reliable.

The unemployment rate, which is obtained from a separate household survey, fell to 9.0% last month. Economists had forecast that the jobless rate would rise to 9.5% from the previous month's 9.4%.




Still, the drop was driven in part by a 504,000 drop in the number of people in the civilian labor force.
Click to expand...
 
#13
#13
Could less people looking for a job be due to the insane weather we had last month? Personally, if I was jobless it wouldn't stop me...but impassable roads and businesses closing could play a small part here.

Of course, everybody could have just said eff it and kept collecting UE checks.
 
#14
#14
in california all they do is send you a form where you say you have looked for a job over the past month. so i doubt the weather woudl stop anyone there.
 
#15
#15
The weather was a factor. For example, Georgia was snowed in for a week because we have 6 plows for the whole state. But that number was going to be bad regardless.

761 jobs per state were created last month, and thats pathetic
 
#16
#16
I think it safe to say that given the variables what we would all like to see here is a sustained trend over a period of quarters, rather than a snapshot from one month to the next (good or bad).

Market seems like it can't figure out what to make of it.
 
#17
#17
we add far more people to the workforce a year than we've added jobs the past 6 months. there is no debate these are terrible numbers for an economy our president claims is in massive recovery mode.
 
#18
#18
droski said:
we add far more people to the workforce a year than we've added jobs the past 6 months. there is no debate these are terrible numbers for an economy our president claims is in massive recovery mode.
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Overclaim much?

I am not aware of Obama saying we are in "massive recovery mode." In fact, I believe his economic adviser the other day said it would take years for the the unemployment rate to return to more normal levels.
 
#19
#19
We are poised for progress. Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again.

yeah he's really downplaying it.
 
#20
#20
droski said:
We are poised for progress. Two years after the worst recession most of us have ever known, the stock market has come roaring back. Corporate profits are up. The economy is growing again.

yeah he's really downplaying it.
Click to expand...


The market is up substantially since 2008. Corporate profits are indeed way up.

What is missing in there is any sort of claim that unemployment is way down. In fact, his comments, and those of his administration, have all been that it is going to take a long time for the job market to recover.

Obviously, you want to quote him out of context and exaggerate his claims so you can prove they are wrong. But that's pretty weak given his actual comments about these issues.
 
#21
#21
he's said REPEATABLY that his actions have stopped the next great depression and the economy is recovering. this isn't out of context. if what he says is true than why the crappy jobs growth?
 
#23
#23
He has claimed to be "focusing like a laser" on jobs for the past 2 years - if steady state unemployment over 9% is the result of such focus then we are screwed.
 
#24
#24
droski said:
he's said REPEATABLY that his actions have stopped the next great depression and the economy is recovering. this isn't out of context. if what he says is true than why the crappy jobs growth?
Click to expand...


You seem to be ignoring the reality that it could be a lot worse. Between he and Bush and TARP/Stimulus the argument is that had those things not been done then the entire banking and credit industries might have completely seized up.

As is, I just financed a new car and am getting ads in the mail again for new credit cards. All that leads to consumer spending, which leads to demand outpacing production and inventory, leads to jobs to catch up.

It isn't going to happen overnight.

It is painfully obvious that the GOP and conservatives are actually rooting at this point for unemployment to stay high. Their own short-sighted self-interest is causing them to hope that the economy still sucks come November 2012.
 
#25
#25
lawgator1 said:
As is, I just financed a new car and am getting ads in the mail again for new credit cards. All that leads to consumer spending, which leads to demand outpacing production and inventory, leads to jobs to catch up.
Click to expand...

how does you getting a car loan and a CC offer equal all that? Plus, not sure it's a good idea for people to start loading up on plastic again
 
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