US ECONOMY: August Payrolls Fall 216,000; Unemployment At 9.7%

Forbes ^ | 9/4/2009

[Dem Guard]

How many months will it be before we have more unemployed than employed persons in this country with this “stimulus” program. Were Obama & Biden just talking about free Viagra??

[LuvFreeRepublic]

LOL, Viagra. From a very discouraged, yet highly capable member of the unemployed, thanks for the laugh.

[SeekAndFind]

How many months will it be before we have more unemployed than employed persons in this country with this “stimulus” program.

Seriously now, that will NOT HAPPEN. America is too dynamic a country for your doomsday scenario to occur. Even in the deepest days of the great depression we had more people employed than not.

If your grim scenario ever occurs, the REST OF THE WORLD will be in trouble first.

[SeekAndFind]

The important fact is that unemployment is now 9.7%

The hidden point is this is the "official" number they publish. What they do not tell you are the people they aren't counting --- For instance, those who have given up looking for jobs, those whose unemployment insurance have run out, etc.

[Dallas59]

My bet’s on 15 to 18.

[CPT Clay]

Wait until the massive inflation of this Administrations bloated overspending hits.

[Ev Reeman]

Exactly so. The real unemployment number is much higher. You cannot believe any statistic the government lays on you without checking it yourself. I think even the CBO is fudging on their numners a bit trying to put a rosier spin on them than they would under normal conditions. I believe pressure is being put on the CBO by the administration and members of Congress when it is supposed to be non partisan.

[Ev Reeman]

Exactly so. The real unemployment number is much higher. You cannot believe any statistic the government lays on you without checking it yourself. I think even the CBO is fudging on their numners a bit trying to put a rosier spin on them than they would under normal conditions. I believe pressure is being put on the CBO by the administration and members of Congress when it is supposed to be non partisan.

[SeekAndFind]

They had a big story telling us the recession was over earlier this summer so why pay attention to “inconvenient facts” like stupendously high and rising unemployment?

If you read Newsweek, they would urge patience of the American people ( something they never did when Dubya was President ).

Their argument is that things are starting to turn around and unemployment is always a LAGGING INDICATOR of the economy and the last to turn around.

[TigerLikesRooster]

Ping!

[Ev Reeman]

Can you believe these guys?

All during the Bush presidency they were saying the economy is a disaster, a catastrophe, and that we were in a deep recession even when times were good during the Bush years.

Now these same dumbasses want the American people to be patient.

For how long?

Until they have no places to live.

Until they have no jobs to go to.

Until they have no money because the government takes it all.

[KC_Conspirator]

Thats really not a good assessment.

Obama is ruining the country as we speak.

[Sig Sauer P220]

I'm not particularly religious, but I am starting to wonder if we are being judged

I think we are being cursed as a country. The judgement will come later, and it will be far worse.

[I am Richard Brandon]

Doesn’t matter! The Stock Market is up. Hooray!

[Oatka]

The numbers are being fudged under the magic and administration killing 10%. . . . The attempt at precision is a joke.

Yahoo had a similar report, and I noticed another kind of fudging. Before, the Feds said unemployment might REACH 10 % at end of year. Now they are saying it might TOP 10%.

[Springman]

LOL, thanks for the laugh, my wife would like that.

Also welcome to FR.

[Dubya-M-DeesWent2SyriaStupid!]

It is all Bushes, Fred Flintstone and Barney Rubbles fault.

[mulligan]

And in the world of reality, the unemployment rate is at least twice that, closer to 20%, and will probably go even higher. Wake up America, your President is hell bent on destroying the Nation.

[RSmithOpt]

According to the SRM (state run media) unemployment is at a 26 year high.....and the market is up... Sumtin fishy in Bean Town.

[TigerLikesRooster]

Real economy and financial market are completely decoupled. Not the kind of decoupling people are looking for.:-(