September 2001 Unemployment Rate Stays at 9.1%, 103K Jobs Created … 45,000 From Verizon

 

The September 2011 unemployment number is out and it is more of the same at 9.1%. According to the US Labor Department, 103,000 jobs were added in September with a but. Actually, with a big “but”. 45,000 of the 103,000 jobs came from the previously laid off Verizon workers who went back to work in September. This can hardly be looked at as a created job. Sorry.

Employers added 103,000 jobs in September, a modest burst of hiring after a sluggish summer. Still, job growth remains too weak to lower the unemployment rate, which stayed at 9.1 percent for the third straight month.

The Labor Department also said Friday that it has revised the previous two months to show that companies hired at a stronger pace than first estimated.

Employers have added an average of only 72,000 jobs in the past five months. The economy must create about twice as many consistently just to keep up with population growth.

No matter how one wants to look at job growth, it can be called nothing but anemic. Please do not tell us that President Obama is going to spin 9.1% as positive because it could have been 10% without his economic policies.



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  • Comments

    6 Responses to “September 2001 Unemployment Rate Stays at 9.1%, 103K Jobs Created … 45,000 From Verizon”

    1. Bill B on October 7th, 2011 12:40 pm

      “Please do not tell us that President Obama is going to spin 9.1% as positive because it could have been 10% without his economic policies.”

      He doesn’t have to. Piglosi already did by saying it would be greater than 14% if we had not passed the original stimulie.

    2. A Texas Grandfather on October 7th, 2011 3:17 pm

      Once again our Department of Labor has fudged the truth. It is too bad that some private concern is not able to collect and publish the real numbers.

    3. NGBoston on October 8th, 2011 5:43 am

      Meanwhile, in the Batcave…these reports just in…

      http://www.latimes.com/business/la-fi-solyndra-white-house-20111008,0,481886.story

      WTF? Can the betrayal to this Country with unemployment numbers like this to boot BE ANY WORSE?

      Wake up, America and make your ANSWER REGISTER AT THE POLLS!

      Get this Man out of office-bottom line!

    4. Dolf on October 8th, 2011 6:43 am

      Are you suprised by the US gov. cooking the numbers for their own picture?????

      and without Obama’s plan it could be much worse.
      or much better.

      Thats something we will never know.

    5. NGBoston on October 8th, 2011 10:52 am

      @#4 Dolf—Not surprised. I supposed if we lived in a purely SOCIALIST country, or spent time hanging around, say….Amsterdam- we wouldn’t have to worry about any of this.

      Guess what, Dolf? There is corruption EVERYWHERE- on both sides of the aisle and all throughout Politics here in the US.

      In my mind, the DEMS are really not that much worse than the Republicans…so the only way the spending and all the BS can get any WORSE in my mind, is if Obama does another 4 years.

      It will get better and HAVE to improve- simply because he is not in office. It will take whichever new Incumbent MORE THAN 4 years to dig us out of the huge hole Obama has got us in.

      No one man or woman—IN ANY ADMINISTRATION can WORK MIRACLES in 4 years- we know this. But still, if you look at the facts- and total up the massive amount of debt Obama has wreaked upon Americans in LESS THAN his 4 years completed in office—the staggering fact is this:

      OBAMA HAS SPENT MORE THAN ALL OTHER PRESIDENTS IN US HISTORY- COMBINED DOLF! That is CORRECT:

      COMBINED!!!!!!!!!!!! That is just unacceptable and puts America smack dab in the middle of the road on the way to a complete disaster. Things are falling apart in the Financial markets in Europe and have been for years. America is not going to be far behind at this rate so time to put on the brakes!

    6. NGBoston on October 9th, 2011 5:47 am

      Interesting commentary from here in the Baystate:

      http://news.bostonherald.com/news/columnists/view.bg?articleid=1372025

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