Unemployment Tops 10%
The unemployment rate has hit double digits for the first time since 1983 -- and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches.
The October unemployment rate -- reflecting nearly 16 million jobless people -- jumped from 9.8 percent in September, the Labor Department said Friday. The job losses occurred across most industries, from manufacturing and construction to retail and financial.
Economists say the unemployment rate could surpass 10.5 percent next year because employers are reluctant to hire.
President Barack Obama called the new jobs report another illustration of why much more work is needed to spur business creation and consumer spending. Noting legislation he's signing to provide additional unemployment benefits for laid-off workers, Obama said, "I will not rest until all Americans who want work can find work."
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States Rights
In an act of solidarity, Mr. President, please fire all of your czars and resign immediately.
States Rights
In an act of solidarity, Mr. President, please fire all of your czars and resign immediately.
Spartan9
Obama....Proverbs 29:4 "By justice a king gives a country stability, but one who is greedy for bribes tears it down".....
therepublicrevealed
DON'T BOTHER READING THIS BILL JUST PASS IT AND THE UNEMPLYMENT RATE WILL NOT GO BEYOND 8%.
ARE YOU READY FOR THE NEXT ONE.JUST BEND OVER I'LL EVEN PROVIDE THE VASILINE.
http://www.therepublicrevealed.com/forums/index.php?topic=369.0
Please help the cause and spread the word.
2010....The year that starts the clean-up in Washington, DC
2012…The year we take our country back
cindylou
This is the CHANGE obama was talking about---destroy growth--make everyone equal with socailized government. I think he's getting what HE wanted. Destroy what America was built on Free Market. I wonder if we can start building shacks down by the river like they did in the last depression?
Maine-iac
I wish that was as high as it will go, but we all know better. Every policy this regime enacts and policy it employs is only intended to enslave the American taxpayer. Not create jobs, not protect our families, not protect traditional values that made America great. Spend, spend and spend again. Tax, Tax, and get every penny they can from us. So, now they can give their lazy @ss supporters who won't work free heathcare and the American dream we worked so hard for...
Maine-iac
I wish that was as high as it will go, but we all know better. Every policy this regime enacts and policy it employs is only intended to enslave the American taxpayer. Not create jobs, not protect our families, not protect traditional values that made America great. Spend, spend and spend again. Tax, Tax, and get every penny they can from us. So, now they can give their lazy @ss supporters who won't work free heathcare and the American dream we worked so hard for...
Recon
Pro-Obama gamers discover 'cheat codes' in U.S. Constitution.
17.%
bidnsux2
the sad part is, the headlines didn't say tops out at 10.2%
cindylou
10% IF YOU LOOK AT THE NUMBER OF PEOPLE GETTING UNEMPLOYMENT. WHAT ABOUT THE ONES WHO NO LONGER CAN QUALIFY FOR UN-EMPLOYMENT. ACTUALLY ITS 27% IF YOU LOOK AT IT THAT WAY. THAT IS ALMOST 1/3RD OF THE COUNTRY. 2010 AND 2012--VOTE THEM ALL OUT.
Alexandra
I don't know if it's 1/3, but it's pretty safe to MINIMALLY DOUBLE THIS FIGURE!!
SO...we are therefore at AT LEAST 20% Unemployment...BUT...GM and Chrysler have jobs, as does AIG, and others on Wall Street, and Banks!!
GREAT JOB THERE, OBOZO!!!!
Retired Logger
Well I take Obama at his word, he's not going to rest until everybody has a job that is looking for one, everybody will be working for the government, there will be no more private sector. There just might be an armed revolution in this country, I'd much rather see liberalism and communism defeated at the ballot box, New Jersey and Virginia gives me hope and change.
Mslilly2009
Unemployment @ 15% in Michigan and I have an ass for a boss....can't quit my job. How's that hope and change working for you America?
Alexandra
Doesn't sound like it's working out too well for you and I KNOW it ain't workin' out for me!!
I'm an RN with a TON of varied experience and CAN'T FIND A JOB.
Lemure
This little movie is from 1948, but everyone should watch it -- especially at schools.
http://nationaljuggernaut.blogspot.com/2009/09/this-cartoon-seemed-far-f...
Learn 2 Swim
BLUE DEUCE WINS IN TEXAS!!
honest babe
I have a brother who is mentally disabled who works 25 hours per week! He wants to work MORE hours but if he does he will not qualify for federal benefits such as medicaid and disability! You're damned if you do and you're damned if you don't...Our government is one big hypocrisy!!
Splashy
It is not a perfect system and needs over haul, you're right. Your brother is doing more then alot of people and for that he will benefit. Hopefully things will improve so that he is not punished for wanting to do more for himself.
spinfree
By geroge, I think he's got it.
spiffy
OBAMA'S MASSIVE SPENDING PROGRAMS WERE NEVER INTENDED AS JOB STIMULAS THEY WERE MERELY CAMPAIGN PAYBACKS INCLUDING MANY PORK BARREL PROJECTS IN STATES WHERE HE WON IN. BEWARE, MORE SPENDING IS COMING FOR JOB CREATION, THIS SHOWS THE INCOMPETENCE OF THIS ADMINISTRATION. IS IT SO HARD TO UNDERSTAND JOBS REDUCES UNEMPLOYMENT AND CREATES TAX REVENUE? ALL THIS INEFFECTIVE SPENDING, AMAZING MR. PRES.!!!!!!
K. MARX
Your taxes have not gone up. How can you sit here and lie and complain all day long? If something unconstitutional had actually occurred, like, I don't know, lying during an FBI interview or endangering national security by outing a CIA agent, I could understand. But unfortunately, you have no leg to stand on excep "YEAH, I'LL BET THE PRESIDENT IS A MUSLIM FROM KENYA AND HE WANTED THE SHOOTINGS TO HAPPEN." PATHETIC, ALL OF YOU.
T.Jimmy
Three things about Marxists Mr. Marx, they never tell the truth, they always lie, and they speak words of no veracity.
pseudoscience
I can't decide if KM is clueless or just blowing the leftist flute for his own entertainment. Your taxes have not gone up? When they've already gone up it's too late. And more clumsy references to past administrations to deflect attention from Barak's raids on freedom and dollars.
Mslilly2009
Oh honey, pull your head out of your ass. It takes time for the thieves to reach deep into your pockets. They will, and that is the change you can believe in. The change you voted for.
Mslilly2009
Oh honey, pull your head out of your ass. It takes time for the thieves to reach deep into your pockets. They will, and that is the change you can believe in. The change you voted for.
Lemure
Taxes have gone up through consumer goods -- look at cigarettes. Who consumes the most -- poor people. Also, the big tax break given was only a tax credit and must be included in 2009 taxes. Bet you didn't know that one. I don't think he wanted the shootings, but they do not affect him. He doesn't really care about our military, only his sorry ass because he's narcissistic. You can go live somewhere else anytime you want. And take a few of your friends with you.
dems are ruining this country
Kmarx , typical ignorant brain washed liberal
Ken in Atlanta
Communism is the opium of the ignorant
Ken in Atlanta
Go throw yourself on a spear.
Do you even have a clue where Shaka Obama is trying to take this country.
Your a pathetic liberal slave.
Alexandra
HE SURE IS!!
CLUELESS, STUPID and IGNORANT!!!!
Seraphia
Newsflash! Depression is here. Falling dollar value brings on comeback of bartering. Fact, bartering does not require taxation. Oh my, what a novel idea. A fair trade in marketing open to bartering. How sad the government didn't listen to the people!
SpitFireConservative (Not PC either)
Tally Whacker is that you? you've changed? making sense?? sup?
Seraphia
It's called a depression. Welcome all to the world of poverty. Now let's see if BO can "change" the US into a 3rd world nation as he so clearly intends to do.
SpitFireConservative (Not PC either)
fybho
Recon
How to avoid debt, by Barack Hussein Obama
pseudoscience
While the administration continues to propagandize the economy is improving, I will watch hundreds of friends lose their jobs next month because of this extended recession (probably myself included). This will be the first time I have been unemployed since Carter was president.
MR GALT
The progressives are stealing everything in sight. rising unemployment means shrinking revenue for the government. That means thoe of us with jobs will be squeezed even harder. What a colossal mess...
PAchick
did I hear the WH say that they won't be satisfied "until everyone who wants a job has a job"?
Sounds like a GW Bush quote to me. They can't even be original...they bash GW, but when the squeeze is on they steal his lines.
spinfree
I can see why you are confused. You are trying to apply logic to the obama administration.
pseudoscience
You are so right. Being an Obamadrone is much less confusing. The solution is: just don't question Him. Render unto Him what is His. Green jobs for all! Pay no attention to the Polosi behind the curtains.
HSI
Isn't it more like 17.5%!!?
spinfree
You folks worry to much. Obama's government will provide you with health care and they will take care of you from cradle to grave. Won't that be nice. All you have to do is give up a few of your freedoms. Now is that to much to ask?
Sonny
idiot... Have you ever been treated in a govt. program. I did't think so...
idiot...
JackPaige
"spinfree" was being facetious.
http://www.merriam-webster.com/dictionary/facetiously
pseudoscience
Gee, no one ever put it that way before. I feel my logical arguments being swept away.. MMM MMM MMM
DallasOrf
It's time the president OWNS this recession because it has worsened BECAUSE of the faulty stimulus plan!
GGMYRT
I CANNOT BELIEVE THE HEALTH PLAN PASSED THRU THE HOUSE, CONGRESS AND OBUMMER ARE DESTROYING OUR COUNTRY SO MANY OUT OF JOBS AND THEY CONTINUE TO TAX SPEND AND POWER GRAB AND PENALIZE US, THIS IS A DISGRACE TO OUR COUNTRY ALL THEY WANT IS TO DESTROY US AND FILL THEIR POCKETS, IMPEACH, IMPEACH
Do Not Make Excuses
Question? How can you tax people that don't have jobs? If everyone is unemployed where does your coffers come from? There will be two classes in this country when he gets done, the haves and the haves not.
pseudoscience
I sonder wht the socialists will do when they run out of other people's money to steal? Oh yeah - communes and work camps.
Ken in Atlanta
I say we start putting the liberals in work camps now.