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Author Topic: primitives discuss Bo's unemployment rate  (Read 638 times)

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Offline franksolich

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primitives discuss Bo's unemployment rate
« on: September 04, 2009, 08:40:24 AM »
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4045604

Oh my.

And I thought this was supposed to change on January 20, 2009.

The primitives promised us.

January 20, 2009 is now a long time ago.

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UpInArms  (1000+ posts)        Fri Sep-04-09 08:40 AM
Original message
 
Unemployment rate jumps to 26-year high of 9.7%

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.

Payroll losses have moderated in most industries in the past two months. Payrolls declined an upwardly revised 276,000 in July. In June and July, payroll losses were revised up by 49,000.

Details of the report were generally weak. Payrolls fell in most sectors of the economy except for health care. Total hours worked in the economy fell by 0.3%. Long-term unemployment worsened, and the number of people working part-time who want full-time work rose by 278,000 to 9.1 million.

An alternative measure of unemployment that includes discouraged workers and those forced to work part-time rose to 16.8% from 16.3%, the highest on record dating back to 1995.

Read more: http://www.marketwatch.com/story/unemployment-rate-jump...

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robcon (1000+ posts)      Fri Sep-04-09 08:56 AM
Response to Original message
 
1. About expected. It'll go over 10%, IMO, before it improves.

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Craftsman (488 posts)      Fri Sep-04-09 09:02 AM
Response to Reply #1
 
2. No new decent paying jobs = no recovery.

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BobRossi (1000+ posts)      Fri Sep-04-09 09:07 AM
Response to Original message
 
3. Obviously not a priority in Washington.

Month long vacations are far more important than the well being of the nation.

I think Bo was on vacation only a couple of weeks, not a whole month, though.

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WriteDown (1000+ posts)      Fri Sep-04-09 09:11 AM
Response to Reply #3
 
4. Be real...

They work very hard and need their rest.

Yeah, like any other mortal man, Bo needs his rest.
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apres moi, le deluge

Offline Chump

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Re: primitives discuss Bo's unemployment rate
« Reply #1 on: September 04, 2009, 09:03:23 AM »
Quote
About expected. It'll go over 10%, IMO, before it improves.

Yes, DUmmie, those of us with an ounce of common sense did expect this.  You and your Dear Leader?  Not so much.



You can fill in the latest months yourselves.

This is what's known as "epic fail."
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Offline docstew

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Re: primitives discuss Bo's unemployment rate
« Reply #2 on: September 04, 2009, 12:12:44 PM »
Quote from: Chump on September 04, 2009, 09:03:23 AM
Yes, DUmmie, those of us with an ounce of common sense did expect this.  You and your Dear Leader?  Not so much.



You can fill in the latest months yourselves.

This is what's known as "epic fail."

I thought 0bama promised it wouldn't go above 8%... Even with massaging the numbers to make them what he wants, he has the highest unemployment rate in over 2 decades.  Monumentally Epic Fail.
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Offline Chump

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Re: primitives discuss Bo's unemployment rate
« Reply #3 on: September 04, 2009, 12:58:46 PM »
Quote from: docstew on September 04, 2009, 12:12:44 PM
I thought 0bama promised it wouldn't go above 8%... Even with massaging the numbers to make them what he wants, he has the highest unemployment rate in over 2 decades.  Monumentally Epic Fail.

Yeah, reality has pretty much told the Keynesians to ESAD.
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Political tags - such as royalist, communist, democrat, populist, fascist, liberal, conservative, and so forth - are never basic criteria. The human race divides politically into those who want people to be controlled and those who have no such desire.   ~Robert A. Heinlein

...let the cannibal who snarls that the freedom of man's mind was needed to create an industrial civilization, but is not needed to maintain it, be given an arrowhead and bearskin, not a university chair of economics.
~Atlas Shrugged, Galt's speech

Offline BlueStateSaint

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Re: primitives discuss Bo's unemployment rate
« Reply #4 on: September 04, 2009, 01:27:39 PM »
Quote from: docstew on September 04, 2009, 12:12:44 PM
I thought 0bama promised it wouldn't go above 8%... Even with massaging the numbers to make them what he wants, he has the highest unemployment rate in over 2 decades.  Monumentally Epic Fail.

The Oministration will keep blaming President Bush.  That's losing its effect . . .
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Offline The Village Idiot

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Re: primitives discuss Bo's unemployment rate
« Reply #5 on: September 04, 2009, 02:33:25 PM »
Quote
robcon (1000+ posts)      Fri Sep-04-09 08:56 AM
Response to Original message
 
1. About expected. It'll go over 10%, IMO, before it improves.

Obie said it wouldn't go over 8.5%, so how is this expected?

Over a million people will lose their unemployment benefits this month, so the official rate will definitly drop but everyone except the DUmmies will know the truth. The real unemployment rate is over 16%
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Offline miskie

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Re: primitives discuss Bo's unemployment rate
« Reply #6 on: September 04, 2009, 02:46:35 PM »
Quote from: FGL on September 04, 2009, 02:33:25 PM
Obie said it wouldn't go over 8.5%, so how is this expected?

Over a million people will lose their unemployment benefits this month, so the official rate will definitly drop but everyone except the DUmmies will know the truth. The real unemployment rate is over 16%

The primitives will rewrite history - and state that "Yeah, unemployment reached X%, but if it weren't for Obama's hard work and decisive action, it could have reached as high as (X+15)% according to some economists. Hail Obama !"
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