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Author Topic: US unemployment rate jumps to 26-year high of 9.7%  (Read 2136 times)

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Offline thundley4

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US unemployment rate jumps to 26-year high of 9.7%
« on: September 04, 2009, 05:01:54 PM »

"WASHINGTON (MarketWatch) - The U.S. unemployment rate jumped to a 26-year high of 9.7% in August as nonfarm payrolls fell by 216,000, the 20th consecutive monthly decline, the Labor Department estimated Friday. U.S. payrolls have dropped by 6.9 million to 131.2 million since the recession began in December 2007, the government data showed. Unemployment has increased by 7.4 million during the recession to 14.9 million. The 216,000 decline in payrolls was close to market expectations of a 233,000 drop, but the unemployment rate rose higher than the 9.5% level expected. The unemployment rate was 9.4% in July. It was the smallest decline in payrolls since August 2008. " MarketWatch

I guess it's not going to be a jobless recovery, but a JOBLOSS recovery.
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Offline TheSarge

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #1 on: September 04, 2009, 05:46:59 PM »
And how do the propagandists in the MSM react to the news?

By telling us this is a good thing because ONLY 200K jobs were lost last month.

Every day is opposite day in Liberal Looney Land!
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Offline Hawkgirl

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #2 on: September 04, 2009, 08:19:44 PM »
....but but but this is not the change Ozero promised!

I told my moonbat coworkers that at the end of Zero's term, I was going to post a chart with the inflation, deficit and unemployment rate numbers comparing the end of Bush's term with Zero's.  This is going to be fun!  Well not fun for us americans who KNEW better.
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Offline TheSarge

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #3 on: September 04, 2009, 08:23:20 PM »
Quote from: Hawkgirl on September 04, 2009, 08:19:44 PM
....but but but this is not the change Ozero promised!

I told my moonbat coworkers that at the end of Zero's term, I was going to post a chart with the inflation, deficit and unemployment rate numbers comparing the end of Bush's term with Zero's.  This is going to be fun!  Well not fun for us americans who KNEW better.

Except that the Libs have such a severe case of BDS...that they will blame Bush for whatever failures Obama has in in one and only term in the WH.
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Liberalism Is The Philosophy Of The Stupid

The libs/dems of today are the Quislings of former years.  The cowards who would vote a fraud into office in exchange for handouts from the devil.

If it walks like a donkey and brays like a donkey and smells like a donkey - it's Cold Warrior.  - PoliCon



Palin has run a state, a town and a commercial fishing operation. Obama ain't run nothin' but his mouth. - Mark Steyn

Offline Hawkgirl

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #4 on: September 04, 2009, 09:50:05 PM »
Quote from: TxRadioguy on September 04, 2009, 08:23:20 PM
Except that the Libs have such a severe case of BDS...that they will blame Bush for whatever failures Obama has in in one and only term in the WH.

Possibly..but that is when we jump in and say, Zero's passing of more stimulus packages has only made it worse, not better.  That usually shuts them up. 
I am proud to say that my sister in law who was a huge moonbat when she joined the family is now converted to the Right side.
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Offline The Village Idiot

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #5 on: September 05, 2009, 02:09:18 AM »
Quote from: TxRadioguy on September 04, 2009, 05:46:59 PM
And how do the propagandists in the MSM react to the news?

By telling us this is a good thing because ONLY 200K jobs were lost last month.

Every day is opposite day in Liberal Looney Land!


the real unemployment figure is at least 16%. Over a million will lose their benefits next month and won't count as unemployed any more. So the "official" rate will see a stunning drop. Unless benefits are extended, AGAIN
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Offline 5412

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #6 on: September 05, 2009, 03:27:28 PM »
Quote from: FGL on September 05, 2009, 02:09:18 AM

the real unemployment figure is at least 16%. Over a million will lose their benefits next month and won't count as unemployed any more. So the "official" rate will see a stunning drop. Unless benefits are extended, AGAIN

Hi,

Last analysis I saw showed it closer to 20%.  Whatever it is, it is terrible. 

regards,
5412
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Offline The Village Idiot

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #7 on: September 05, 2009, 05:23:41 PM »
Quote from: 5412 on September 05, 2009, 03:27:28 PM
Hi,

Last analysis I saw showed it closer to 20%.  Whatever it is, it is terrible. 

regards,
5412

I expect national celebrations next month when the "official" rate drops a percentage point because of the million or so lopped off the benefit roles. Even though they are still not working.
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Offline Chris_

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #8 on: September 05, 2009, 08:32:14 PM »
I am the one surrounded in my family by Zero loving idiots help :rotf:
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Offline JohnnyReb

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #9 on: September 06, 2009, 06:38:45 AM »
Quote from: newbiered on September 05, 2009, 08:32:14 PM
I am the one surrounded in my family by Zero loving idiots help :rotf:

To quote Bill Clinton, "I feel your pain."....uh.....and again Just like Bill Clinton..No, I don't feel your pain. My whole family has been rightwing for as long as I can remember.
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Offline NHSparky

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #10 on: September 06, 2009, 08:04:07 AM »
Quote from: FGL on September 05, 2009, 02:09:18 AM

the real unemployment figure is at least 16%. Over a million will lose their benefits next month and won't count as unemployed any more. So the "official" rate will see a stunning drop. Unless benefits are extended, AGAIN

16.8 percent, if you look at BLS stats.

http://www.bls.gov/news.release/empsit.t12.htm

Look at the U-6 column.
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Offline Eupher

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #11 on: September 06, 2009, 02:44:37 PM »
Quote from: NHSparky on September 06, 2009, 08:04:07 AM
16.8 percent, if you look at BLS stats.

http://www.bls.gov/news.release/empsit.t12.htm

Look at the U-6 column.

Mrs. E is still officially part-time - and is included in said stat.
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Offline Gratiot

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #12 on: September 06, 2009, 03:12:13 PM »
It certainly is pretty depressing out there.   :(
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Offline BadCat

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #13 on: September 06, 2009, 03:17:48 PM »
My company announced 800 layoffs by the end of the year.
Those are 800 high tech "American Only" jobs.
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Offline Gratiot

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Re: US unemployment rate jumps to 26-year high of 9.7%
« Reply #14 on: September 06, 2009, 03:34:01 PM »
Quote from: BadCat on September 06, 2009, 03:17:48 PM
My company announced 800 layoffs by the end of the year.
Those are 800 high tech "American Only" jobs.

I hope it's not too many friends of yours.   :(
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