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Payrolls Drop 524,000; Unemployment Rate at 7.2%
CNBC ^
| 1/9/2009
| CNBC
Posted on 01/09/2009 5:42:54 AM PST by Red in Blue PA
U.S. employers slashed payrolls by 524,000 in December, driving the unemployment rate to its highest level in almost 16 years, a government report showed on Friday, suggesting that the year-long recession was deepening.
The Labor Department said the national unemployment rate rose to 7.2 percent in December, the highest level since January 1993.
(Excerpt) Read more at cnbc.com ...
TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS: dol; economy; layoffs
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To: Petronski
7 percent unemployment means that 93 percent of all Americans are working, ok?
LOL
What are you doing here? Nobody said anything against the Pope.
81
posted on
01/09/2009 8:50:04 AM PST
by
mkjessup
("An empty limousine pulled up in front of the White House, and Barack Hussein Obama got out")
To: NC28203
The civilan labor force is defined by those employed or actively seeking employment. And "actively seeking employment" is defined as collecting unemployment benefits. As soon as you run out, you drop off the radar.
82
posted on
01/09/2009 8:52:23 AM PST
by
null and void
(Amendment 28: Islam is not recognized as an established religion in the United States. ~ farmer18th)
To: polymuser
85 percent of youth say they are not interested in a future engineering career, yet well be short 70,000 engineers by 2010How old is too old to retrain as an engineer? Accounting is okay, but I'd rather be doing something where I can actually see end results that aren't just on paper.
83
posted on
01/09/2009 8:56:53 AM PST
by
IYAS9YAS
(Hey Obama, why lawyer up when you can pony up? Show us your vault copy BC)
To: IYAS9YAS
You are never too old. BUT, I’m an American engineer who has been looking for a job for over two years, while companies in my area are begging Washington to drastically increase the number of H1-Bs because they say they can’t find enough Americans to work. Uh huh...
84
posted on
01/09/2009 9:01:38 AM PST
by
null and void
(Amendment 28: Islam is not recognized as an established religion in the United States. ~ farmer18th)
To: null and void
What’s your area of expertise?
85
posted on
01/09/2009 9:04:36 AM PST
by
IYAS9YAS
(Hey Obama, why lawyer up when you can pony up? Show us your vault copy BC)
To: polymuser
85 percent of youth say they are not interested in a future engineering career, yet well be short 70,000 engineers by 2010, based on an estimate by the National Science Foundation.I know a lot of unemployed engineers, studies like this are a ruse to justify hiring more H1-Bs.
86
posted on
01/09/2009 9:08:08 AM PST
by
dfwgator
(I hate Illinois Marxists)
To: IYAS9YAS
Semiconductor processing. MEMS (Micro-Electro-Mechanical-Systems).
87
posted on
01/09/2009 9:09:32 AM PST
by
null and void
(Amendment 28: Islam is not recognized as an established religion in the United States. ~ farmer18th)
To: bikerman
Save us Obama, saves us. Bush leaves office and the country looks like a smoldering crater...Superman couldn't save ya, so you'll have to save yourself.
88
posted on
01/09/2009 9:14:13 AM PST
by
dragnet2
To: null and void
Hawaii and Alaska got you down?
89
posted on
01/09/2009 9:16:10 AM PST
by
durasell
To: dfwgator
Or justify outsourcing. I completely agree with assertion.
90
posted on
01/09/2009 9:26:00 AM PST
by
ARCADIA
(Abuse of power comes as no surprise)
To: mkjessup
Look on the bright side, once Obama makes them 'Legal' you cannot complain about 'illegals'!!!
91
posted on
01/09/2009 9:26:55 AM PST
by
griswold3
(a good story is more compelling than the search for truth)
To: hunter112
‘Capital Strike’? I’m already there! (M1 at one.)
92
posted on
01/09/2009 9:29:29 AM PST
by
griswold3
(a good story is more compelling than the search for truth)
To: durasell
Sure. Keep rubbing it in...
93
posted on
01/09/2009 9:34:42 AM PST
by
null and void
(Amendment 28: Islam is not recognized as an established religion in the United States. ~ farmer18th)
To: Bean Counter
94
posted on
01/09/2009 9:40:01 AM PST
by
tillacum
(.)
To: dfwgator
...studies like this are a ruse to justify hiring more H1-Bs... A quick check of Monster.com showed 5000 engineer jobs, so I dunno. I know anecdotally that engineering/manufacturing careers aren't on many local h.s. kids' radar.
95
posted on
01/09/2009 9:59:54 AM PST
by
polymuser
(Bye, bye Miss American Pie.)
To: mkjessup
96
posted on
01/09/2009 10:16:17 AM PST
by
Petronski
(For the next few years, Gethsemane will not be marginal. We will know that garden. -- Cdl. Stafford)
To: tillacum; Bean Counter
>>>Bean, what is WAMU?
WAMU - Washington Mutual. The nation’s largest thrift prior to it’s being seized by federal regulators and subsequently acquired by JP Morgan Chase.
97
posted on
01/09/2009 10:35:02 AM PST
by
NC28203
To: Red in Blue PA
It would warm my heart if most of the 7.4% came from the msm. It would be well deserved.
To: MikeWUSAF
People are a little scared. During the great depression we only had 20 to 25% unemployment. This situation could get worse. Much worse. People sense that - and a reaction of denial and outrage can be expected. Hopefully things will get better.
99
posted on
01/09/2009 11:11:01 AM PST
by
GOPJ
("A consensus of 100 scientists is undone by one fact." - - Einstein (take that Al Gore))
To: Parley Baer
Something I recently learned. Many seasonal workers file for unemployment during the off season. Then get rehired at a later date... Thus winter numbers would always be skewed a bit
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