Breaking News from CNN right now, Unemployment falls to 9.4% (temporary, get) - benefits, rate, legislation, insurance, jobless, extension, jobs, employers, employees, hiring, resumes, occupations, government, laws, unions, contracts, workers - City-Data Forum

FBJ · 08-07-2009, 06:33 AM

Not sure what this means but they say it's good news for the Obama Administration

Down from 9.5 % in June

WOW, Just wow

jmking · 08-07-2009, 06:37 AM

Could it be folks falling off the unemployment rolls because their benefits ran out?

mgt04 · 08-07-2009, 06:41 AM

Quote:

Originally Posted by jmking

Could it be folks falling off the unemployment rolls because their benefits ran out?

Yup I would say so...or people who could only get part time jobs...

joker34 · 08-07-2009, 07:01 AM

good news.

about time it started dropping.

we are on our way to recovery

annerk · 08-07-2009, 07:23 AM

Quote:

Originally Posted by jmking

Could it be folks falling off the unemployment rolls because their benefits ran out?

NO, tha's not how unemployment rates are determined.

movin'on · 08-07-2009, 07:37 AM

Sigh. Somehow I didn't think I'd be seeing headlines like this in my life.

wheelsup · 08-07-2009, 07:42 AM

Temporary at best.

Jesse69 · 08-07-2009, 07:50 AM

Quote:

Originally Posted by jmking

Could it be folks falling off the unemployment rolls because their benefits ran out?

I think so! Unemployment is counted on those who are drawing it! I'm gonna fall off soon too! At least I got SSDI now!

mb64282 · 08-07-2009, 07:55 AM

WOOOOOHOOOOO! This is great, just wonderful! Thanks for sharing! That's odd though this morning on the radio I heard they were trying to get it below 10%, stats must not have reached us yet. Everything takes longer to get here, but good news!

annerk · 08-07-2009, 08:00 AM

Quote:

Originally Posted by Jesse69

I think so! Unemployment is counted on those who are drawing it! I'm gonna fall off soon too! At least I got SSDI now!

Wrong answer.

How the Government Measures Unemployment