Unemployment Rate Hits 5-Year High As Economy Continues to Shed Jobs [6.1%.......]

Wall Street Journal ^

[rewrite]

It’s all the layoffs of the dinosaur drive-by media.....

[silverleaf]

summer jobs are phasing out as students who mostly fill them return to school
many unemployed lifeguards, camp counselors and ice cream sellers in my town at the moment.

Not to mention the loss of jobs in the MSM.

D’oh!

[MovementConservative]

Time for more raids on plants that are loaded with identity stealing illegal immigrants. The ‘now hiring’ billboards go up right after those raids.

[Doe Eyes]

Students are returning to school. Wouldn’t that play a roll in this?

The unemployment numbers are "seasonally adjusted" to take into account summer employment.

[am452]

Obama is happy about the high energy costs

aw c'mon. He is not. he has been railing against the high gas and food cost.

[GeoPie]

Most students would not be included in the equation. It only includes those who are currently looking for a job.

[DallasBiff]

aw c'mon. He is not. he has been railing against the high gas and food cost.

Obama: I’d like higher gas prices, just not so quickly

[tubebender]

In other news today employment is at 94%...

[PhiKapMom]

Don’t forget the MSM is having to shed jobs! They chose the wrong side to put their money on — liberal Democrats and now Obama.

Our unemployment rate in Oklahoma is low, very low compared to a lot of places. Our rate in July was 4.5% lower then any state surrounding Oklahoma. Why? Oil and gas and aviation make Oklahoma pretty recession proof.

We have become the location of a host of military aerospace companies. You want a job in aerospace, come to Oklahoma — they are looking for aerospace, electrical, and mechanical engineers. Have a list of all aerospace companies doing business in Oklahoma and it is page after page.

The rate in my County, Cleveland, is 3.4% and in Oklahoma County north of us 4.3%. There are help wanted signs everywhere I drive in this area. This year OU students can pick and choose where they want to work.

[Lyford]

The numbers are seasonally adjusted.

There really is no good way to spin this. It's bad, very bad, and will overshadow anything good that came out of St. Paul this week. This will get flogged enthusiastically by the Democrats and the press, and blamed on Bush. It doesn't matter whether it's adjusted later, it doesn't matter what any other fundamentals are, this is very bad news for the McCain candidacy...

Press Release from the Labor Department

"The unemployment rate rose from 5.7 to 6.1 percent in August, and non-farm payroll employment continued to trend down (-84,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. In August, employment fell in manufacturing and employment services, while mining and health care continued to add jobs. Average hourly earnings rose by 7 cents, or 0.4 percent, over the month."

[claymax]

Where have you been. This is a tool that the Left uses so they can point to it ans say that it has to be managed by the GOVERNMENT. Do you actually think he would go on the campaign trail and not say something about it? It is the main issue with Americans at the moment and his campaign has been changing as the wind blows. Just a month ago his idea of a energy was tire gauges and tune-ups. Get off FReepers, I think the daily kooks are calling you back!

[PhiKapMom]

You are so right. After the Oklahoma Immigration law went into effect which was the toughest in the Country, the Oklahoma Unemployment rate dropped considerably as illegals fled Oklahoma.

[mass55th]

Okay, thanks for letting me know.

[R_Kangel]

I am sure the end of summer job season doesn’t help with the numbers.

[silverleaf]

“This will get flogged enthusiastically by the Democrats and the press, and blamed on Bush”

The McCain people are also running against Bush as hard or harder than against Obama. So they are trying to run against themselves.

And along with with the drive by media, overlook the fact of the democrats controlling the House AND Senate for the past 2 years and revisit the promises made by San Fran Nan and Dingy Harry, and the score card of results.

[Dick Holmes]

If any political entity effects the economy, it’s the Legislature. People understand this. That’s why the approval rating of Congress is in the single digits.

People should understand this, but generally they don't. They usually blame the administration for the economy. Let's face it, Bush is unpopular for a reason.

This is one reason McCain was emphasizing how he and Palin are Mavericks who will go after those corrupt Republicans and Democrats in Washington.

[4yearlurker]

On my local radio station they have CNN news at the top of every hour. The male voice coming through my speaker announced the newest unemployment figures with such glee he was loosing his tongue at both ends. He probably had wood while he was broadcasting this news. truly laughable.

[norraad]

..wood, they're all a goofy bunch of hardons to me.

I hit the cd button like a frightened schoolgirl as soon as they barge in on my easy listening.

[o_zarkman44]

Lets see now. Record high oil prices have killed car sales leading to fewer jobs. Record high oil prices have made transportation costs higher, causing price inflation. Record oil prices have made food cost more. Record oil prices have made packaging and transporting food higher.

Record oil prices have taken away a higher personal disposabal income, resulting in less consumer spending, including new construction.

So why is unemployment going higher? Because of record oil and energy prices reducing jobs because of less disposable income. The blame of economic downturn is related directly to fewer domestic energy sources, limited by the Democrats, and a record dependence on foreign oil.

Drill Here. Drill Now. Pay Less!

[VanShuyten]

"Nonfarm payrolls, which are calculated by a survey of establishments, declined 84,000 in August, the Labor Department said Friday. The pullback was broad-based, including manufacturing, construction and service industries. June and July were revised to show bigger declines. June's revision was particularly large, to a 100,000 loss in jobs from a prior estimate of just 51,000."

All we have to do to even things out is boot a mere 1% of the illegal aliens here and get Americans to do those jobs.