Unemployment Rate hits 9.7% (wisdom, leader, economic, financial)

[dukester.2]

Originally Posted by sanrene

Check out some of the individual states UE rates. Michigan is scary and yet they continue to vote "blue". You reap what you sow.

Google - public data



Well, now hold on there. Didn't you say your stimulus bill would keep unemployment below 8% and would create millions of jobs?

Liar.

President Obama said again Tuesday before departing to Michigan -- which has the worst unemployment in the country -- that he expects the U.S. jobless rate will increase.

Obama says unemployment will get worse - Washington Times

I guess you are kind of out of the loop eh?

[oz in SC]

Originally Posted by meson

The unemployment rate is still not as high as it was in the 1980s recession...under Reagan's watch.

Actually...it is.

This has been posted elsewhere on here.

[Mamama Mia]

Originally Posted by allydriver

The term "Shovel Ready" actually reflects the present adminstration burying the taxpayers with dirt while digging a deeper hole.

Ally, I'm not sure the stuff is dirt, I think it smells a little more like s**t.

[davidmg1]

Originally Posted by Dukester

President Obama said again Tuesday before departing to Michigan -- which has the worst unemployment in the country -- that he expects the U.S. jobless rate will increase.

Obama says unemployment will get worse - Washington Times

I guess you are kind of out of the loop eh?

LOL, now he says it, after the numbers came out....priceless.

[meson]

Originally Posted by cleanhouse

Table A-12. Alternative measures of labor underutilization

Oh I see, so the 16.5% includes those who are too lazy to get off their butts, in other words parasites .....gotcha!

[oz in SC]

Originally Posted by meson

Oh I see, so the 16.5% includes those who are too lazy to get off their butts, in other words parasites .....gotcha!

Really,where is that posted?

By the way,the unemployment figures also do not include any formerly self employed people who are now unemployed or those who hadn't looked for work in the past four weeks,or those who were full time and have been reduced to part time....slackers!!!

[cleanhouse]

Originally Posted by meson

Oh I see, so the 16.5% includes those who are too lazy to get off their butts, in other words parasites .....gotcha!

It is just another measure of those unemployed. for you to make a blanket assesment like that is eratic and foolish. The U.S. used the U6 unemployment rate for many years.

[oz in SC]

Originally Posted by cleanhouse

It is just another measure of those unemployed. for you to make a blanket assesment like that is eratic and foolish. The U.S. used the U6 unemployment rate for many years.

Very true....until it became uncomfortable to see that things were REALLY as rosy as the politicians made it out to be.

[oz in SC]

Table A-11. Unemployed persons by industry and class of worker, not seasonally adjusted

[dukester.2]

Originally Posted by davidmg1

LOL, now he says it, after the numbers came out....priceless.

Actually he said this last Spring as you may or may not recall. He expected the economy to get worse before it got better. Sorry, no real surprises nor a gotcha moment.