National UE rate stays steady at 9.6% (holiday, employment, labor, number)

[Opyelie]

Nonfarm payroll employment increased by 151,000 in October, and the unemployment rate was unchanged at 9.6 percent.

U.S. Bureau of Labor Statistics

http://www.bls.gov/news.release/empsit.nr0.htm

[rdcrds]

Originally Posted by Opyelie

U.S. Bureau of Labor Statistics

Employment Situation Summary

yup there will be a small amount added the next few months as they were this time last year as places take temp employment for the holiday season then get paid back off.LOL so much for these petty job numbers.

[seain dublin]

The media will turn this into the new normal. Americans in time will be brainwashed into thinking that 10% unemployment is good.

[shutz1012]

I afraid that this will be the "new" norm for many, many years to come...I don't think we'll ever get back down to the 6% or so that used to exist

[WannaliveinGreenville]

5,000,000 jobs ( 5 million ) jobs were lost in 15 months.

So the 150,000 is only 4,850,000 jobs off from being where we used to be. Which won't happen because they sent alot of our jobs ( never to come back ) to foreign countries.

I get tired of them saying " Yup we hired 100,000 people but how many of those are seasonal jobs ( JCP , Kohls, Sears , ) that everyone KNOWS the employer needs right now but will be unceremoniously dumped after January ?

[diorgirl]

Originally Posted by seain dublin

The media will turn this into the new normal. Americans in time will be brainwashed into thinking that 10% unemployment is good.

Originally Posted by shutz1012

I afraid that this will be the "new" norm for many, many years to come...I don't think we'll ever get back down to the 6% or so that used to exist

Agreed! The scary aspect of this is that it seems that as fast as those exhausting benefits are dropped from the count, newly unemployed are still coming on in numbers high enough to keep the unemployment rate steady.

[ReturningWest]

Originally Posted by WannaliveinGreenville

5,000,000 jobs ( 5 million ) jobs were lost in 15 months.

So the 150,000 is only 4,850,000 jobs off from being where we used to be. Which won't happen because they sent alot of our jobs ( never to come back ) to foreign countries.

I get tired of them saying " Yup we hired 100,000 people but how many of those are seasonal jobs ( JCP , Kohls, Sears , ) that everyone KNOWS the employer needs right now but will be unceremoniously dumped after January ?

Originally Posted by diorgirl

Agreed! The scary aspect of this is that it seems that as fast as those exhausting benefits are dropped from the count, newly unemployed are still coming on in numbers high enough to keep the unemployment rate steady.

Ditto here, and lets not forget those "government" numbers have been big time tinkered with to look better than they really are.

[gtsurfer05]

Yup. The real number is somewhere around 16 to 20 percent perhaps even higher.

[plenewken]

If we consider the ratio employable/employed, the real unemployment rate is probably around 30%.
Not a pretty picture.

[SportyandMisty]