US UNEMPLOYMENT Hits 10.2% … How is that Stimulus Working now Obama & Biden?
US UNEMPLOYMENT is now at 10.2%
How is that Hope & Change that Obama promised you now, one year later? Are you better off today than you were one year ago? Don’t ask the millions of employees who lost their jobs. Unemployment hits a 26 year high. For the first time since 1983 unemployment is over 10%.
Nearly 16 million people can’t find jobs even though the worst recession since the Great Depression has apparently ended.
But the loss of jobs last month exceeded economists’ estimates. It’s the 22nd straight month the U.S. economy has shed jobs, the longest on records dating back 70 years.
Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.
With unemployment still rising in the United States, employers still cutting jobs and not hiring; the Democrat controlled Congress looks to pass Obamacare and Cap & Trade that will all but destroy the economy. What are these people thinking? Hey Baarck, where are those millions of jobs promised and unemployment holding at 8% if stimulus was passed? So what is this administration doing to create jobs other than blaming Bush?
Just a reminder to Obama and his minions, the exit polling in NJ and VA said that the economy is the number one issue.
US Bureau of Labor Statistics:
In October, the unemployment rate rose to 10.2 percent, the highest since April 1983, and nonfarm payroll employment continued to decline (-190,000). The largest job losses over the month were in construction, manufacturing, and retail trade.
On news of the poor job numbers, the stock market fell this morning. According to the Labor Department, U.S. unemployment rose by more than expected in October and employers cut more jobs than the so-called experts forecast. But, we were told that the recession was over?
Here is the damning poll for Barack Hussein Obama … the tide is turning and the trend has started to blame Obama for the bad economy, not GWB. 45% of voters now blame Obama for the bad economy and 49% blame Bush. However, for Obama that is up from 37% a month ago. Obama owns this economy and blaming other will not work any more. What will happen to The One’s poll numbers when a majority of people blame Obama for the now double digit unemployment?
Setting off the decline, the Labor Department said U.S. unemployment rose by more than expected in October and employers cut more jobs than forecast, a sign the labor market continues to struggle as the economy emerges from its deep recession. The unemployment rate, calculated using a survey of households as opposed to companies, rose by 0.4 percentage point to 10.2%, the Labor Department said Friday. Economists surveyed by Dow Jones Newswires had forecast an increase to 9.9%.
Nonfarm payrolls fell by 190,000 last month, with the largest job losses in construction, manufacturing, and retail trade. Economists had expected a 175,000 decrease.
Posted November 6, 2009 by Scared Monkeys
Barack Obama, Economy, Government, Healthcare, Obamanation, Obamanomics | 9 comments
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9 Responses to “US UNEMPLOYMENT Hits 10.2% … How is that Stimulus Working now Obama & Biden?”
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Since the government can’t do anything about unemployment, we the people are going to have to face it with our own ingenuity:
Way to go obamanos !!!
Whether planned or not, our Administration gang is right
on track with Cloward and Piven Strategy. If our system
can be broken by our Government, our Government can
rebuild it to their personal recipe. (I do think it’s planned).
President Obama, by putting the cart(Health care reform) before the horse(jobs) effectively cripples our country. Yes, it will be worse before it gets better and the Conservatives should address this ASAP.
Let’s have some brainstorming to barrel us through 2010 and 2012.
@#4′s post——> by putting the cart(Health care reform) before the horse(jobs) effectively cripples our country.
BINGO! This is basic economic fundamentals. Something it appears the COMMUNITY ORGANIZER must have skipped over at Harvard Law School.
Just give it up. Some say Obama did nothing. Others say he was busy wrecking your country. Which of these statements is true?
He is in control 3 quarters of a year. Do you really think the biggest financial crisis since the dawn of financial crisises (strange plural there..)
can be solved in that time?
To me it seems the democrats have a rather realistic view and the republicans somehow want someone who can go over water, some kind of messiah, to help them against the big bad world.
Otherwise they wouldn’t compare him to one all the time.
There are no messiahs in politics. Neither rep nor dem.
What has health care reform to do with crippling anything?
Costs? What did the 2 wars cost _per year_?
Bush or the oh so disappointed reps could have tried to solve some of the crap the government produced over the last years when they still where in power. They didn’t. Wake up. There is someone willing to tackle all your problems at once. You think he doesn’t make enough progress? You denounce him and confront him in hatred? And he tries to reconcile? Praise him, you fools!
Send your kids to be indoctrinated! You can only hope they’ll become as good as him!
(Well this was only a joke… of course… )
[...] to be able to undo a lot of the damage that this President has done to our national security, to our economy, to our health care system and to our standing around the world.” (Liz Cheney) Share [...]
[...] national rate last month reached a 26-year high of 10.2 percent, weighing on consumer spending that accounts for about 70 percent of the economy. Federal Reserve [...]
Our home business was really affected by the Economic recession, we have to cut jobs just to cover up our losses. fortunately, we have already recovered. `