Article

2009-11-07 Economy

Jobless rate tops 10 pct. for first time since '83

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Posted by Fred 2009-11-07 00:00|| || Front Page|| [11136 views ] Top

#1 According to mine favorite economist, it's just starting.

Posted by g(r)omgoru 2009-11-07 02:14|| 2009-11-07 02:14|| Front Page Top

#2 Obama said, "I will not rest until all Americans who want work can find work."

An obvious case of pandering to his base.

Posted by whitecollar redneck 2009-11-07 08:37|| 2009-11-07 08:37|| Front Page Top

#3 The way the Labor Department calculates its unemployment rate has changed a bit since the 1930's, to make the rate look lower than it did then. Using the original calculation method, the rate is more like 20%.

Posted by Anguper Hupomosing9418 2009-11-07 10:52|| 2009-11-07 10:52|| Front Page Top

#4 Gotta love how the Dems are saying 10.2% is actually good news, since this means that those unemployed who want to work are reentering the job search market.

Next year when it's 15% they'll no doubt say, "even bettah!!!".

Posted by Woozle Uneter9007 2009-11-07 15:13|| 2009-11-07 15:13|| Front Page Top

#5 Great job, Congress and the Big O. You spent trillions and don't have jack sh*t to show for it. To put things in perspective:

Posted by Alaska Paul 2009-11-07 17:09|| 2009-11-07 17:09|| Front Page Top

#6 The ten per cent is not nearly so important as the width on that graybar on the right of the graph. And it hasn't turned back to white yet. Note that almost all the prior peaks occurred after the recession had ended. This one hasn't ended yey. Last quarter's "growth" was due to cash for cars and the $8K homebuyers subsidy. These will peter out. This Christmas season will be worse than last year's and unemployment will be higher next November than it is now. Especially if the donks pass health care and cap and tax.

Posted by Nimble Spemble 2009-11-07 17:19|| 2009-11-07 17:19|| Front Page Top

#7 I graduated Engineering school in '83. Put out 80+ resumes, and got one (conditional) offer, only because I had job experience as a student engineer/surveyor. People with 4.0 GPA and no experience went 1-2 yrs before finding entry-level jobs. This is NOT the bottom, yet these assholes seem to find every fight except real job creation worth pushing. Ima gettin' the fire in the belly to make mischief

Posted by Frank G">Frank G 2009-11-07 17:26|| 2009-11-07 17:26|| Front Page Top

#8 Frank, Mr. Wife took an offer in 1981 instead of going to grad. school because he saw the trend that was your actuality.

Posted by trailing wife 2009-11-07 22:55|| 2009-11-07 22:55|| Front Page Top

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