Posted on 09/04/2009 6:34:47 AM PDT by HD1200
The unemployment rate rose to 9.7 percent in August, the highest since JUNE 1983, as employers eliminated a net total of 216,000 jobs.
(Excerpt) Read more at foxnews.com ...
Yep...what would we have done w/o all those billions...
Stimulus working ,,,,,, recession over ,,,,,, let’s party .
Numbers are phony. I know several people whose benefits have already run out or they never applied for benefits.
Exactly...the fed last week, I think, gave a 16% number. I’m sure its probably higher than that.
Yeah! Now let’s trust them with healthcare! </extreme sarcasm
Just to be contrarian:
COME ON! 10% OR MORE! GO! GO! GO!
Anybody know what UE was when Pelosi and Reid got the gavel?
The White House did say that this is a “jobless recovery”.
An interesting number in the report...aggregate weekly hours in August dropped across the board but most notably it also dropped in auto/transportation sector, which was supposed to benefit from the “cash for clunkers” program. For transportation, the aggregate weekly index, seasonally adjusted, fell from 52.5 to 51.3. For comparison purposes, the index is set at 100 in 2002. The index of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding 2002 annual average levels. In other words, the aggregate weekly hours worked in this industry is at about half of what it was in 2002. Is there really any sign of benefit as a result of the cash for clunkers? Or, did it just reduce inventory and pull from future sales without any real corresponding benefit to the underlying US auto industry?
I heard on the AM news that next month over 1,000,000 people’s unemployment ends so they will drop off the unemployment number also.
“US Vice President Joe Biden said Thursday that the Obama administration's huge 787 billion dollar stimulus plan was exceeding expectations and hauling the battered economy towards recovery.”
When will the charade end? When will the sheeple wake-up?
Hope! Change!
I was surfing past MSNBC just now and saw Mrs. Romer, the Economic Advisers czarina, and she said, sagely, “Whenever people are losing jobs, the unemployment numbers are liable to go up.” Good thing we’ve got great minds in charge of this, otherwise, it might become a debacle... oh, wait...
Ahh the giant sucking sound of Democrat-held seats into the abyss.
isn't it great we're done with those disasterous, dark Bush years with that horrible 4.5% unemployment and the DOW at 14,000.
HOPE AND CHANGE !! They hoped, and now there has been change! The scary thing is it will get FAR worse:
1) Commercial real estate collapse is pending
2) Dollar is falling
3) Inflation will be huge in the next 6-12 months
4) Pelosi et. al are still pushing trillion dollar health care and multi-trillion dollar cap and trade tax
5) Multi-trillion dollar debt will cause us to lose our AAA rating
There is no end to how Obama can kill the economy. Funny how that works. Attack business and the “rich”, and those things called “jobs” disappear.
Biden’s last words when base jumping with a defective stimulus chute: it’s wooooooooooooo.... SPLAT!
What Congress needs to do is borrow another three BILLION from China to fund the Ponies For Proles program.
The White House did say that this is a “jobless recovery”.
Yes they did. But at the end of the day, your typical core Obama supporter does not REALLY want to work anyway. So you see, it works for them.
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