DISASTER. September Unemployment at 9.6% – 95,000 Jobs Lost
Posted by Jim Hoft on Friday, October 8, 2010, 6:48 AM
Thanks Barack.
Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History.
(Source: US Misery Index)
They wanted to fundamentally change America. They did.
The US unemployment rate has not fallen below 10.8 percent in the last 12 14 months according to the Center for Economic and Policy Research. This is unprecedented. The actual jobless rate has now topped 9.5 percent for 14 straight months, the longest stretch since the 1930s.
From November 2008, the month he was elected, until now, the economy has shed more than an astonishing 4.4 million jobs. That’s worse than Hoover.
The US economy lost another 95,000 jobs in September.
Bloomberg reported:
Unemployment probably climbed in September for a second consecutive month as slower U.S. growth prompted companies to limit hiring, economists said before a report today.
The jobless rate rose to 9.7 percent from 9.6 percent in August, according to the median estimate of 83 economists surveyed by Bloomberg News. Payrolls excluding government agencies rose by 75,000, while a drop in public staffing as the decennial census wound down caused total hiring to decline for a fourth straight month, the report may also show.
A lack of jobs underscores the concern expressed by some Federal Reserve policy makers that the rebound from the worst recession since the 1930s has been too slow and may require easier monetary policy. Economists surveyed by Bloomberg project unemployment will average at least 9 percent through 2011, which may restrain consumer spending, the biggest part of the economy.
Once againg BB sends in this month’s graph that shows the jobs not created and not saved after the Obama stimulus bill was passed.
ADVERTISEMENT
-
Featured Story:
Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 91 Comments
Bill Fabrizio commented:
Clearly, Christine O’Donnell was involved in the latest unemployment report. Someone must have cast a spell on the Dept. of Labor which led them to say unemployment remained at 9.6% in spite of the economy shedding 95,000 jobs in September!
Maria commented:
They’ll probably spin the 9.6% as “positive” since yesterday and earlier this morning the expectation was that it would hit 9.7%.
Or, as Obama would say,:” Hey, it could have been 15%!!”
StandUp4Chuck commented:
More like 20-25% if these bozos could actually do the math. A rate under 10% isnt going to save them come November. And we fully expect the Republicans to do what they were voted in there to do, not become Democrat lite.
Ratt commented:
Interesting because the way I read the article Drudge linked to was that the unemployment was 9.7% and in VERY PLAIN WORDS would be worse than they are originally reporting (unrevised numbers). Gallup of course, has it at 10.1%. But I think we can all safely bet that with the level of corruption going on in the labor departments of this government, the numbers are being ginned down and it’s more like 12-15%. Which probably puts REAL unemployment at 20%.
Just wait till you see the revised numbers AFTER the election.
tarpon commented:
The real number, apples to apples with depression era data has now risen to 17.1% — U6 on table A-15 right here … http://www.bls.gov/news.release/empsit.t15.htm
Unemployment from the great depression era ran 15-20% so you can see how today’s 17.1% compares before they started using the cooked numbers we get today.
Tyrconnell commented:
9.6%, really now. Isn’t it amazing, shedding jobs but the unemployment rate stays the same or goes down slightly. Oh the joys of being able to “revise” the baseline and cut out some 300,000 unemployed.
templar knight commented:
I guarantee you that the numbers will be “unexpectedly” adjusted upward next month. No one can trust the people who work for this president, including those who work for the Commerce Dept. They have already undereported unemployment numbers the past year by over 300,000. Of course, as tarpon highlights above, the true rate is over 17%, but that won’t be reported by the media.
Kemo Sabe commented:
This is the end result of democrats efforts at “Stabilizing” the economy. And wouldn’t you know that those rascally Republicans, if they win, will destroy all their hard work.
democrats are actually using this as a reason to vote for them?
Sad.
Chisum commented:
Stu Varney on FBC just asked the panel which story is bigger, with the most impact- jobs or the upcoming foreclosure freeze. They agreed that the foreclosure freeze was the bigger story because it will literally cripple the housing market.
Way to go BO!
Honestly, he could screw up a roll of toilet paper!
Vercingetorix commented:
Actually, average unemployment by month under Obama is 9.44 (9.438).
BLS data here;
http://data.bls.gov/PDQ/servlet/SurveyOutputServletdata_tool=latest_numbers&series_id=LNS14000000
Oldpuppymax commented:
The agenda of the Hussein regime is right on track.
AuntieMadder commented:
Tyrconnell
October 8th, 2010 | 7:24 am | #8
We’ve always been lied to about unemployment numbers by every administration because those numbers are the numbers of those receiving unemployment benefits. That means that those who’ve not filed for benefits, those denied benefits, those who stopped receiving benefits because they’ve stopped looking for work, and those whose benefits have run out aren’t included in the number of unemployed. Under this regime – uh, I mean, this administration – there are no doubt more uncounted unemployed, particularly those whose benefits have run out and those who’ve just given up looking, than previous administrations.