Posted on 10/02/2009 7:15:54 PM PDT by Steelfish
Despite Recovery, Employers Arent Hiring Unemployment rate rises to 9.8 percent as 263,000 jobs are cut
Oct . 2, 2009 WASHINGTON - Job hunters will face long odds well into next year. As the unemployment rate inches closer to 10 percent, most businesses are nowhere close to hiring again.
Uncertain about prospects for recovery the economy's and their own employers cut 263,000 jobs in September, the government said Friday. Unemployment crept up to 9.8 percent.
As the economy slowly turns around, sales are slowly growing and many companies are starting to make money again.
But they're doing it by cutting costs, squeezing more work out of fewer employees and relying on part-timers and cheap overseas labor.
(Excerpt) Read more at msnbc.msn.com ...
Despite what recovery?
Black male employment is very good relatively speaking where I am.
“black male unemployment rate is approaching 50%”
I don’t think it’s *quite* that bad...
Only a media declared recovery could have 9.8% unemployment. If there were a Republican in the White House this would be the worst economy since the Great Depression.
....and the lie continues
When will these idiots understand that there is no recovery?
Employers will probably start THINKING about hiring when the health care debate breaths it’s final breath and dies.
If it passes, and is not overturned within a year, this country is done for... and Obama knows it.
Despite what recovery?
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Looks like AP got a prod from the White House again. That is what I said -— “WHAT RECOVERY?” Unemployment up to almost ten percent now, bankruptcies at all-time high, etc, etc.
And Obama working on spending MORE MONEY AND TAXING MORE. And we thought America would never experience hard Marxism. Ha!!!
Ezactly! When a story starts with an assumed lie, you know it’s real urinalism.
Exactly. Low unemployment and consistent economic growth under Bush was described by the democrats and their propagandists in the MSM as the ‘worst economy on recent record’, while near 10% unemployment, and a recession is called a ‘recovery’ under Obama. I never thought the US MSM would sink this low.
Psssss = there is NO recovery
The fringe media believes there's a recovery if they pretend there is one.
Well, there was a gabazillion dollar "stimulus" spending package and a Dem is in the White House, so of course we're in recovery. Geesh.
Would I gloat?
So are they blaming employers?
There’s usually more layoffs right around Christmas every year. Wonder what this year holds for Americans? It’s very disheartening.
Unicorn wranglers are hiring at an astounding rate. They pay in magic dust and dreams.
Real unemployment (U6) is near DEPRESSION rates at 17% (and that’s almost certainly understated!). If I had to guess, I would say that real U6 is around 20% and some sectors and localities are well over 25-30% or more. Those are Great Depression numbers, no matter how you spin them.
Companies are not going to get caught with extra employees if/when there is a double dip recession. My company is going through annuL budgeting and many department are requesting additional headcount. We are telling them “not this year”. Wait until 2011...
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