Business
August Unemployment Rate Stays at 9.1%
- Posted on October 7, 2011 at 8:38am by
Jonathon M. Seidl
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WASHINGTON (AP) — 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 revised the previous two months to show that companies hired at a better pace than first estimated.
Nearly half of the gains last month occurred because 45,000 striking Verizon workers returned to their jobs.
Employers have added an average of only 72,000 jobs in the past five months. The economy must create twice as many just to keep up with population growth.
The jobs crisis has intensified a debate in Washington 13 months before President Barack Obama will run for re-election.
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TemayElbor
Posted on October 18, 2011 at 5:17amIf I were the US president, I would solve the unemployment problem …….by getting a list of all the millionaires and billionaires of the US and all over the world …then find a strategy to persuade them to open a business here that would hire a lot of Americans.
If the response is negative, I would ask why…then, I would ask them to give me suggestions what to do to convince them to do business here. Then I would convene a meeting of the top economists of the country to see if it is feasible to accommodate their suggestions. If it is not feasible, I would like my economists to counter-suggest until a “compromise” is reached.
THEN I WILL BE ON MY KNEES PRAYING FOR MORE ECONOMIC WISDOM IF THE STRATEGY DOESN’T WORK.
Report Post »RightPolitically
Posted on October 7, 2011 at 5:25pmYeah, it’s bad out there. Think about it, after subtracting the 45,000 Verizon workers who got back their jobs after a strike, you end up with 58,000 new jobs created. Now, stay with me here, if you then add one state to the fifty-seven that Obama visited while running for President back in ‘08, that makes fifty-eight. Divide those 58 into that 58,000 and we have a WHOPPING one thousand jobs added per state. I’ll bet that the increase in illegals last month coming across the southern border was more than that. BET YA!
Report Post »ColoradoMaverick
Posted on October 7, 2011 at 2:13pmThink about this for a minute:
If 9.1% of working people are unemployed rather than 4.5% how much tax revenues is the federal government loosing? Add to that lost revenue the cost to send these folks unemployment checks, food stamps, medicaid and other social welfare. Add to that the fact that despite all of the help these poor folks are getting, they don’t have enough money to go on vacation, buy things, spend money. What is this high unemployment really costing America?
Now what about the people who are underemployed now. Making far less than they used to 4-5 years ago. Many of these people used to pay higher federal taxes and now may be paying little or no federal taxes. Many are now on welfare, medicaid,etc.. where they weren’t before. How much is this costing the federal government in lost tax revenue and added spending? These people are spending less as they live within their means now. How does this affect the economy?
Now for the evil rich people. Thanks to the stock market and other things, there are quite a few LESS millionaires now. This should make the liberals happy, right? But since they have historically paid so much more in taxes, that revenue is way down as well. They used to spend gobs of money because they had it. Now they spend gobs LESS.
This all trickles down, trickles up and trickles into every aspect of the economy. It’s simple. Create policy that allows for Private Sector job growth and revenues go up, up and up.
Report Post »Enciloon
Posted on October 7, 2011 at 2:07pmI agree with Tifosa. As long as Obama can keep the unemployment rate below 25 percent he has done a great job. What more could we expect from him. Obviously any one else would be worse. I mean this is the first time a president has “inherited” a recession right? If it’s not, I’m having a hard time remembering another President who has been so inept, his term is almost over and things are far worse (by his own admission).
Report Post »ColoradoMaverick
Posted on October 7, 2011 at 1:48pmGreat Job BO!
Report Post »The more people you have on the welfare roles, the more people on unemployment, the more people in dire straights and desperate, the more voters you will have right? That may be what you are counting on, but I predict this will back-fire on you. The shine has worn off and America is starting to see that you are an empty suit. When we finally throw your sorry ass out of our White House, we will have someone who is willing and ready to lead this country back to pre-obama greatness.
W@nd@
Posted on October 7, 2011 at 10:32amwait a week
Report Post »when they come back in and revise the numbers again
like they do every month
on all their diliberately mis-stated numbers
they game the system all the time
who is going to call them on it
the cronie media?
phamill
Posted on October 7, 2011 at 10:11amSo how can the number stay the same? dose anyone trust the numbers from the Government?
Report Post »marthasusan40
Posted on October 7, 2011 at 10:01amIn 13 months Obama will be voted out of office and I can still hear it now…it was Bush’s fault…
Report Post »RugerHoyt
Posted on October 7, 2011 at 9:48amIt is the middle of harvest…call a farmer, he will put you to work.
Report Post »thegodfather
Posted on October 7, 2011 at 9:44amOWN IT Obama…OWN IT dems. Worst economy since great depression.
Report Post »heavyduty
Posted on October 7, 2011 at 9:42amThe President said that they had created 1 million jobs this year. But notice that he never said how many jobs were lost this year. For the unemployment rate to remain unchanged then it is probably safe to say that at least 1 million jobs have been lost. So how would he explain that?
Report Post »NewLife56
Posted on October 7, 2011 at 9:23am395 Days
9501 Hours
Untill the polls open and the insanity ends. Bye President ZREO
Report Post »DanWesson455
Posted on October 7, 2011 at 9:31amKeynesian economics? DUH?
Report Post »drkmagneto
Posted on October 7, 2011 at 9:34amActually, it’s 396 days. Good riddance to bad rubbish eh?
Report Post »13th Imam
Posted on October 7, 2011 at 9:16amBarry’s next quote:
“Do you peons realize how bad it would be if I hadn’t stolen your wealth and given put it into all those new and improved roads and bridges across the world, huh? I mean the USA.
This from the Most Transparent Admistration , EVER
Report Post »tifosa
Posted on October 7, 2011 at 9:13amAnother month of ADDING jobs. Sweeet. Bush admin had us bleeding 500k jobs/mo. when Obama took over.
Report Post »13th Imam
Posted on October 7, 2011 at 9:17amStuck to the ***** of Barry, FOREVER
Report Post »TRILO
Posted on October 7, 2011 at 9:11amWow, the spin machine is out in full force. Economists say the economic outlook is a little better than they thought. So we created only 60,000 jobs last month (I will not count the striking workers as new jobs created) when we need nearly 200,000 new jobs a month to get us back on track. The article also stated the economy created on average 72,000 a month for the past five months. So to me there has been is a decline of 12,000 in job creation compared to the 5 month average. News to the economists who spread this manipulated information: No matter how you spin the numbers – the economy sucks and there are no jobs!
Report Post »Blackhawk1
Posted on October 7, 2011 at 9:05amThe Labor Department needs to tell the true unemployment rate instead of adjusting it to not make Obama look as bad as he actually is.
Real unemployment rate is 16.6%. The Labor Department‘s statistics don’t include the underemployed and those who have stopped looking for work.
Report Post »SamIamTwo
Posted on October 7, 2011 at 8:58amYou own it Obama, now spin it…same as it ever was…he’s a tumbler…the hands of a government man are running amongst you…did you miss it…did you miss it?
Report Post »cessna152
Posted on October 7, 2011 at 9:09am…and unexpectedly…
BTW, the U6 is around 17% …
Report Post »SpankDaMonkey
Posted on October 7, 2011 at 8:58am.
Report Post »9.1% Wait ya‘ll forgot to add all those idiot’s your paying to protest Wall St.. So the new number should be 8.1% right?………
amerbur
Posted on October 7, 2011 at 8:49amWhat a scam to add striking workers comming back on to work. Do they count them in the unemployed?
Report Post »wesleyapril
Posted on October 7, 2011 at 8:56amDoes anyone actually believe this? Come on people – WAKE UP! It’s a whole heck higher than 9.1% – and how many government jobs were created last month? :) lol
Report Post »hauschild
Posted on October 7, 2011 at 8:48amDoes it really matter what the rate is to those who factor into it, if they get 3 years of unemployment compensation, which is all the rage on the left at the moment?
If a guy had a decent cushion, he could almost be so lucky as to get laid off and take a 3 year sabbatical.
The next step I would bet after 3 or 4 years, is permanent unemployment compensation like they have (or had) in the UK.
Report Post »Snowleopard {gallery of cat folks}
Posted on October 7, 2011 at 9:00amIndeed.
Report Post »elr4
Posted on October 7, 2011 at 12:19pmI lost my job 3 weeks after Obama was inaugurated! Looks like I’ll be unemployed for his whole term. God forbid if he were to get reelected. I got 26 weeks unemployment.. I haven’t gotten it for over a year..I don’t want unemployment.. I want a damn job! They dont count people like me that aren’t on unemployment. I have never given up looking for a job! who gives up……looking for a job… except those occupiers of Wall Street. What they sent oiut a hndfull of resumes to companies that aren’t hiring……. oh well I can’t get a job. Sheesh!
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