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Unemployment Rose to 10.2% (story developing)
CNBC ^
| 11/6/2009
| Staff
Posted on 11/06/2009 5:31:56 AM PST by Red in Blue PA
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(Excerpt) Read more at cnbc.com ...
TOPICS: Breaking News; News/Current Events
KEYWORDS: bhoeconomy; unemployment
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To: Red in Blue PA
But but but....
Team Obama SAAAAAAAAVEDDDDDD 89.8% of the jobs.
[The spin cycle should begin shortly. Talkingpointsmemo is being faxed as I type.]
21
posted on
11/06/2009 5:38:02 AM PST
by
TomGuy
To: Red in Blue PA
22
posted on
11/06/2009 5:38:05 AM PST
by
ZX12R
To: Red in Blue PA
expected job losses were 175K- actual # is 190K....zero continues to mutilate our great nation....
23
posted on
11/06/2009 5:38:11 AM PST
by
God luvs America
(When the silent majority speaks the earth trembles!)
To: Red in Blue PA
More evidence of how important it is that we pass healthcare “reform” and cap and trade legislation immediately. /sarc
I’m sure glad we passed a trillion dollar “stimulus” bill. Just imagine how high unemployment would be if we hadn’t./more sarcasm
To: Red in Blue PA
U6 was 17% at the first of October so it has to be close to 20% now.
25
posted on
11/06/2009 5:38:52 AM PST
by
truthandlife
("Some trust in chariots and some in horses, but we trust in the name of the LORD our God." (Ps 20:7))
To: Red in Blue PA
26
posted on
11/06/2009 5:39:05 AM PST
by
Petronski
(In Germany they came first for the Communists, And I didn't speak up because I wasn't a Communist...)
To: Red in Blue PA
Double digit slap upside the head for Obama and his middling crew.
27
posted on
11/06/2009 5:39:44 AM PST
by
Shqipo
(A whiff of blowback is in the air.)
To: God luvs America
The “Big 10” has to be our nuclear weapon to take out Democrats next year.
To: Petronski
Approaching Great Depression levels.......a few points off.
Unbelievable!
(yet the msm will probably have only positive things to say about us “turning the corner”)
29
posted on
11/06/2009 5:40:26 AM PST
by
Red in Blue PA
(Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
To: Red in Blue PA
Obamoids will be saying “Bush” throughout the weekend, especially on the Sunday shows.
30
posted on
11/06/2009 5:40:54 AM PST
by
Darkwolf377
(Nothing is more exhilarating than philistine vulgarity.-- Vladimir Nabokov)
To: ZX12R
31
posted on
11/06/2009 5:41:19 AM PST
by
Joann37
To: Petronski
Wait until John Williams at shadowstats.com finishes crunching these numbers. I bet we’re looking at a true rate of almost 25%.
32
posted on
11/06/2009 5:41:43 AM PST
by
Daisyjane69
(Michael Reagan: "Welcome back, Dad, even if you're wearing a dress and bearing children this time)
To: Red in Blue PA
Wonder if the MSM will continue to report that the recession is over.
To: God luvs America
The ADP number is probably more accurate than the government number. ADP had it at about 210K lost jobs IIRC.
34
posted on
11/06/2009 5:42:15 AM PST
by
Thane_Banquo
(The GOP: The Big Tent with a Fifth Column.)
To: Red in Blue PA
THIS IS YOUR ECONOMY KING OBAMA AND THE LEFTIST DEMS
35
posted on
11/06/2009 5:42:28 AM PST
by
truthandlife
("Some trust in chariots and some in horses, but we trust in the name of the LORD our God." (Ps 20:7))
To: Oldeconomybuyer
In October, the unemployment rate rose to 10.2 percent, the highest since April 1983, and nonfarm payroll employment continued to decline (-190,000). The largest job losses over the month were in construction, manufacturing, and retail trade.I wonder if this is a warning about a weak Christmas shopping season?
To: Red in Blue PA
Anyone know what U6 is?????(Waving hands...) "I do, I do!"
More helpfully, it counts those who have given up looking for work, and those who consider themselves underemployed because they've taken part-time work when they really want a full time job but can't find it.
What is currently reported as "unemployment" is called U-3. The interesting thing is that, some time back (experts--jump in with the dates) what used to be reported as "unemployment" was U-6. So, today's statistics under-report the situation for the purposes of historical comparison.
To: PJ-Comix
Pychologically, this is a huge number.....and not in a good way.
People will now rethink their spending even more with “double digit” unemployment. Yet when was the last time Obama really talked about unemployment? The clown doesn’t give a damn.
38
posted on
11/06/2009 5:43:06 AM PST
by
Red in Blue PA
(Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
To: KansasGirl; All
“Green shoots”
“Economy is turning the corner”
Wait for other platitudes to come.
39
posted on
11/06/2009 5:44:18 AM PST
by
Red in Blue PA
(Obama, Hitler, Stalin: Who are 3 people nominated for the Nobel Peace Prize.)
To: Red in Blue PA
Wow, that Obama is something . . .
89.8 % of the jobs SAVED by the Obama administration.
I don’t understand why everyone is so negative ? ? ? ?
40
posted on
11/06/2009 5:44:22 AM PST
by
crescen7
(game on)
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