RSSUnemployment Rate Hits 9.7% Under Barack Obama … Highest Rate Since 1983
The unemployment rate in the US hits 9.7%. The the jobless rate rose more than expected as unemployment gets closer and closer to 10%.
U.S. job losses softened last month but the unemployment rate soared to its highest level since June 1983, proving that it will take some time for the ailing labor market to recover from the worst financial crisis in decades.
Nonfarm payrolls declined 216,000 last month compared to a revised 276,000 drop in July, the Labor Department said Friday. The August drop is smaller than the 233,000 decline economists in a Dow Jones Newswires survey had expected.
From Fox News:
If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the so-called underemployment rate reached 16.8 percent, the highest on records dating from 1994.
A great job that stimulus package has done Barack Obama. A 26 year high despite all the rosy comments from VP Joe Biden that the stimulus is working. Yea Joe, it looks like that stimulus is really working as unemployment nears 10%.
Vice President Joe Biden says the $787 billion economy stimulus “is in fact working” despite public skepticism and continuing criticism.
Biden gave an upbeat assessment of the massive package’s results on Thursday, 200 days after it was signed. Speaking at the Brookings Institution, Biden said the stimulus is “changing the trajectory of our economy.”
UPDATE I: Teenage unemployment rate is at 25.5 percent
Pity the unemployed, but especially pity the teenage unemployed.
According to today’s job report, the overall unemployment rate (the percentage of people in the labor force not working but looking for work) in August rose to 9.7 percent, its highest level in 26 years. The teenage unemployment rate, however, is at 25.5 percent, its highest level since the Bureau of Labor Statistics began keeping track of such data in 1948.
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6 Responses to “Unemployment Rate Hits 9.7% Under Barack Obama … Highest Rate Since 1983”
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Obama stinks! He will still blame everything on Bush!
9.7% – You ain’t seen nothing yet!
[...] employment numbers is the United States are a much different story as unemployment climbed to 9.7% and another nonfarm payrolls declined 216,000 in August. However, it could be worse. You could be a [...]
GREAT NEWS EVERYONE VAN JONES IS OUT !IS THIS GOOD NEWS OR WHAT?..I LOVE HOW HE SAID HE STEPPED DOWN TO GET OUT OF THE WAY OF OBAMA ..YEA RIGHT …ID LOVE TO HEAR THE PHONE CALL FROM OBAMA TO JONES …I BET IT SOUNDED SOMETHING LIKE THIS ….YOU IDIOT YA COULDNT KEEP YOUR MOUTH SHUT AND YOUR LETTING EVERYONE KNOW WHAT WERE UP TO …SOMETHING CLOSE TO THIS IM SURE ..I CANT BELIEVE JONES EVEN GOT AS FAR AS HE DID …WHAT A GOOF HE WAS MAKIN A PILE OF MONEY FOR DOING NOTHING AND BLEW IT. NOW THAT TAKES A REAL IDIOT … GET PAID TO DO NOTHIN AND BLOW IT WITH A BIG MOUTH IM SO GLAD HE SHOWED HIS COLORS ..AMERICA IS A BETTER PLACE TODAY BECAUSE HE IS GONE …WANT TO HEAR SOMETHING REAL FUNNY ..VAN JONES SAID EVERYONE WAS OUT TO GET HIM AND MADE UP LIES ….SURE ..I GUESS IT WAS SOMEONE ELSE DRESSED UP TO LOOK LIKE HIM SAYING ALL THE COMI STUFF HE SAID …THIS GUY THREW HIMSELF OFF THE ROOF AND NOW WANTS TO BLAME THE WORLD FOR HIS OWN IDIOT MOVES …WELL THATS ONE DOWN ….THIS GROUP THINKS AMERICANS ARE GOING TO SIT AND TAKE THIER BS AND THEIR GOING TO GET AWAY WITH IT …..SAD MISTAKE THIS IS THE HOME OF THE BRAVE WE DIDNT GET HERE BY LISTENING TO IDIOTS REAL AMERICANS WONT LET THEIR FREEDOM BE TAKEN BY GOOFS OR LISTEN TO IDIOTS TELLING THEM ABOUT HOW THEY ARE GOING TO RUN THIER LIVES ……..VAN JONES TALKED LIKED HE WAS HIGH AND MIGHTY AND HE WAS GOING TO CHANGE THE WORLD …..HE WASNT EVEN A FLASH IN THE PAN…THIS GOOF LASTED ABOUT AS LONG AS ICE ON A SUNNY DAY …HE SAID HE WILL STILL WORK WITH THE PRESIDENT …..I CAN SEE HIM NOW WAHING CARS OUT BACK OF THE WHITE HOUSE ….HEY MR EX GREEN CZAR HAVE A NICE TRIP BACK TO THE HOLE YA CRAWLED OUT OF ……VAN JONES …END OF STORY ……….SEE YA ! …YOUR TRULY A REAL AMERICAN
I can’t wait until the Obama term is over. To me, he seems to be, in my memory, the worst U.S. president in recent memory, especially in his capagin speech, where is said he wanted to have ‘direct DIPLOMATIC talks’ with Iran…..Is this Obama nuts?? I don’t think any negotiating with Mahmoud Ahmedinenutjob will be to our benefit. Does Barack not remember the screw-up of Iran-Contra??
Don’t do Obama he tryin so get off his back.