US UNEMPLOYMENT RATE REACHES 9.8% … Stimulated Economy?

9.8%!!!

The US lost another 263,000 jobs in September, much higher than expected as the national unemployment rates rises to 9.8%. Analysts polled by Reuters had expected non-farm payrolls to drop 180,000 in September.  The unemployment rate is the highest in 26 years. So does Barack Obama and Joe Biden wish to sing the praises of the stimulus package again?

U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery.

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Obamanomics: US Unemployment Rate Climbs to a 26 Year High at 9.5%

Obamanomics you can believe in … More Obama change you can believe in … Jobless claims higher than expected as 467,000 jobs lost in June, driving the unemployment rate up to a 26-year high of 9.5 percent. The economic carnage continues and everything that Obama has done or proposed has not helped, in fact it might have made matters worse.

The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on a solid ground. June’s payroll reductions were deeper than the 363,000 that economists expected.

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