FAIL. Unemployment Rate Stuck at 9.6% in October
Posted by Jim Hoft on Friday, November 5, 2010, 7:00 AM
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 9.0% for over a year now. This is unprecedented.
Fail. The unemployment rate remained at 9.6 in October making Barack Obama the worst jobs president since the Great Depression.
The AP reported:
Employers added the most jobs in five months in October, with the education and health care sectors leading the way.
But the unemployment rate, measured by a separate survey of households, remained stuck at 9.6 percent for the third straight month.
The Labor Department said Friday its survey of employers showed a net gain of 151,000 jobs last month, the most since May. Wall Street analysts expected a smaller gain.
Private employers hired 159,000 workers, while governments at all levels shed only 8,000 jobs, a much better showing than September’s sharp drop.
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Published May 24, 2012 at 8:46 pm - 91 Comments
Averagemelon commented:
What a lie. I know a ton of people from two states that lost their jobs this past month. The numbers are faked.
Paleryder commented:
How many billions were just spent by the trash in DC to try to keep their jobs? If these morons would use the same energy to help the USA job situation as they go to keep their own,we might be doing a lot better. The very simple truth is that the left is discouraged because they haven’t COMPLETELY destroyed the job situation. Their goal was to have all jobs eliminated by the time the midterms came around. You see,EPIC failure is their goal.
Guy commented:
It’s critical to note that neither the education or health care sectors of our economy are production sectors. Any jobs created in these sectors are funded by dollars that originate from the production sector. So, like any government job, new jobs in these sectors are a DRAIN on the economy, not an improvement. Until we hear about increased jobs in a production sector, the economy is NOT growing … it continues to shrink.
Not all jobs are created equally, and I’m getting sick and tired of hearing our politicians tout these types of “jobs created” as something positive. We need production sector jobs, not jobs that place an increased burden on the few of us left who actually produce something.
Sasja commented:
Don’t believe these figures. Having spent a few year taking surveys for a fed entity, I can tell you the questions are designed to get a certain result.
SeniorD commented:
The fact that so many Demodonks got booted from Madam Nancy’s Best Little Whorehouse on the Potomac is reason enough for me to declare the Oval Office Temp is worse than even the execrable Georgia Peanut Farmer.
The ‘Great Unwashed’ have been losing jobs for a year now. How does it feel to be on the short end, Donks?
pesto commented:
But building high speed train will solve both our unemployment and energy problems. Time for a round of golf.
Elmo commented:
Meanwhile … the Fed just keeps printing more f*cking money. Gold keeps climbing … the Yen, the Pound, the Euro … same. And the Dollar? Now offically circling the drain. We ain’t outta the woods yet. No … not by a long shot.
But we have been giving a glimmer of light, a sliver of hope, with which to hang on to. And we ain’t letting go. Not until we march that b*tch out the door, across the manicured lawn, to the street. Where the whole freakin Nation’s gunna take turns, kicking his sorry stankbutt … to the curb (enjoy the trip/fall Chucklehead!).
Follow the law commented:
Heaven knows, my whole family is currently unemployed. Everyone. Add the neighbors and there’s no way this is below 10%. Liar-in-chief.
Can we also prosecute the voter fraud? SO sick of this charade.
Ladue Pundit commented:
Elmo
November 5th, 2010 | 8:21 am | #9
Meanwhile … the Fed just keeps printing more f*cking money.
————————–
Ron Paul (R-TX) has been rebuffed for years when requesting a look into the Fed’s currency manipulation. Now we have the votes to investigate it.
Remember the missing trillion$ from 2 years ago? Well, we know know that Bernanke, et al, dumped it backed up by Geithner’s printing press. And what did we get?
The Federal Reserve Bank:
NOT federal (it is private)
NOT a reserve
NOT a bank
The only reason Ft. Knox is being guarded is to keep us from finding out it is EMPTY.
JPL17 commented:
Averagemelon
November 5th, 2010 | 7:04 am | #1
Make that THREE. I got notice of my own permanent “Obamacation” on Election Day, of all dates!
(Oh well, at least the election results were something to be happy about that day.)
Paul Revere commented:
Obama and his cast of court jester Obamacrats have no clue on how to grow jobs. Think about it – his resume is a blank on real world anything. Example – he and the Obamacrats in congress thought that they could provide all of the fairy tale health care benefits without increasing premiums. They even predicted reduced premiums! The real world report card would give them an F for FAILURE. They are simply not equipped to understand what makes our economy tick.
Dan commented:
If they were using the true number for the LABOR FORCE, the unemployment rate would be over 11%.
They reduce the labor force number to make the rate look better.
Elmo commented:
Ladue Pundit
November 5th, 2010 | 8:30 am | #11
We did what we desperately needed to do … win the election. We got it right. There are indeed countless roadside IED’s … along the way (to taking back the reigns). Things still very precarious.
The only person taking a break? The only one going on vacation? …. Chucklehead.
The Nation still stands at the ready. On guard … on watch. I said a while back, Rahm’s departure was not something to celebrate. It only/merely signaled the start … of hunkering down in the bunker (by the traitors in the IslamoCommieJunta).
The battle for the heart, soul, and very life of this nation … has only just begun.
thomas mc donnell commented:
see what happens when you have a republican majority in the house of representatives.