Jobless Rate Rises to 9.9 Percent.

[Flopper]

I thought we were out of the recession and everything was looking up????

Can you imagine how bad Bush would be getting hammered right now if the unemployment rate was still this high.... It has been downhill ever since the Democrats took control of Congress... and Obama's policies obviously aren't making it any better.

Jobs up 290,000; jobless rate rises to 9.9 pct. - Yahoo! Finance

Read your own article. This is not bad news.
"The unemployment rate rose from 9.7 percent in March to 9.9 percent in April, mainly because 805,000 jobseekers -- perhaps feeling better about their prospects -- resumed their searches for work. "More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years."

The unemployment rate is based on the number seeking jobs and does not include those not seeking work. You pulled the wrong article to support your claim.

Read my post above yours. It's spin.


The U6 Rate increased from 16.9% to 17.1% - Unemployment is rising faster than Employment.

U6 includes part time workers and the marginally employed and tracks the official rate, U3. It will always be higher than U3. Sighting U3 is just another way of magnifying the problem. It does not add anything new to the picture.

If you want to include discouraged workers, then you should sight U4. Of course that would yield a lower number.

Unemployment - Wikipedia, the free encyclopedia

 

[LibocalypseNow]

The actual Unemployment Rate is much higher than 9.9%. I don't believe their numbers. This White House has been caught on several occasions for cooking the books. I'm pretty sure by the time the Elections roll around,they're gonna have the number down somewhere below 8%. Just another Hopey Changey scam. Don't believe the hype.

 

[Vast LWC]

Rush was asked the other day about his many predictions back in Feb of 2009, among them was a dramatic fall in the preisdential poll numbers and the enormous anger that would grow due to an epic level of debt...................

His response???

I laughed my balls off......................

Hey Skooks, Rush has also constantly been predicting that the economy will fall into a deep depression. And he was wrong.

But I guess we should only pay attention when he makes predictions about obvious things, like the fact that Presidents who are extremely popular at the beginning of their term tend to lose some popularity over time.

Wow, Rush is a GENIUS!

ROFL.

 

[LibocalypseNow]

Their numbers are all lies. Wake up America. Take my word for it that come Election time they're gonna have that number down somewhere below 8%. It all really is just another scam with this Administration.

 

[Vast LWC]

Their numbers are all lies. Wake up America. Take my word for it that come Election time they're gonna have that number down somewhere below 8%. It all really is just another scam with this Administration.

Wow, yeah, we should all just ignore the official tallies, the news media, and economists, and listen to a rabid partisan blogger!

LOL.

 

[boedicca]

This is the most crooked administration in U.S. history... bar none.

I'm not sure if it's crooked or just plain the Most Delusional. Their concept of reality and how the world works is so far off the mark, that whatever they do is likely to be wrong.

 

[LibocalypseNow]

Hopey Changeys are very disingenuous people. These same dopes used to whine incessantly when Bush had 4% Unemployment. Now look at them all spinning that their Hopey Changey's 9.9% Unemployment is actually a good thing. Can't give these people too much credibility at this point. The sky was falling when Bush had 4% Unemployment but their guy's 9.9% Unemployment is just wonderful. What a bunch of kooks.

 

[boedicca]

It's not 9.9% - it's 17.1% (using BLS U6 - the real # is closer to 22%).

We have a massive unemployment problem which is being papered over with government hiring permanent and temp workers, and the bail out of state and local government which need to significantly reduce their bloated workforces.

 

[LibocalypseNow]

Average Hopey Changey dope: Bush 4% Unemployment = "The Sky is Falling!!!" Hopey Changey 9.9% Unemployment = "Everything's just Great!!" Yea i'm just not giving these dopes too much credibility on this stuff.

 

[Vast LWC]

Blah, blah, "Hopey Changey" blah, blah...

Doesn't the same old tired rhetoric ever get boring for you Libo?

At least Boedicca takes the time to put up a rational argument. That I can respect. But you just keep on spouting the talking points.

 

[mascale]

There are people like libocalypseNow poster, who find that the killing and maiming of all the U. S. Nationals in Iraq and Afghanistan, is to be celebrated since they caused the intended further terrorist attacks on City of New York.

The Terrorist Attacks are clearly not behind us.

Then there are the socialists and other liberals who are happy that the workforce surged--instead of the troops in the military occupations--and that the stock market finally has corrected at the 10% usual for a bull market.

LibocalyspeNow doesn't like those kinds of people, preferring the continuing attacks on City of New York, and the continuing killing and maiming of U. S. Nationals in Iraq and Afghanistan, instead!

"Crow, James Crow: Shaken, Not Stirred!"
(The lights even stay on after dark, in City of Las Vegas--where people need desperately to be able to see things as they are!)

 

[NYcarbineer]

It's not 9.9% - it's 17.1% (using BLS U6 - the real # is closer to 22%).

We have a massive unemployment problem which is being papered over with government hiring permanent and temp workers, and the bail out of state and local government which need to significantly reduce their bloated workforces.

Yeah, let's use a different measure because it will make Obama look bad! And no one is smart enough to catch us!

jeezus

 

[Flopper]

You guys have got it all wrong.
Unemployment is 53%. That's right. Over half the population is unemployed. Let's see you beat that figure.

USA QuickFacts from the US Census Bureau

Serious, any economist will tell you that all segments of the economy do not recovery simultaneously. The S&P500, M2 Money Supply, Purchasing Manager’s Index, and Housing Starts, among others are leading indicators of economic activity. Most of the leading indicators are rising, indicating further improvement in the economy. The unemployment rate is a lagging indicator and is usually the last indicator to show improvement. Economist are forecasting unemployment will remain high but continue its slow downward trend ending up about 9.3 to 9.5 just before the midterm elections. Republicans will then need other scare tactics. Possibly they can use my 53% unemployment rate. I'm sure there are plenty of people dumb enough to believe it. If not, maybe they can resurrect the death panels.

 

[traveler52]

I thought we were out of the recession and everything was looking up????

290,000 jobs created in the last quarter. The best job creation numbers since 2006.

 

[Vast LWC]

Yeah, let's use a different measure because it will make Obama look bad! And no one is smart enough to catch us!

jeezus

LOL, yep, they caught us!

But really, we're using the same measure we've always used.

They used the same scale during the Reagan administration.

The only difference would be that there were a lot less women in the workforce at that point.

 

[pinqy]

It's not 9.9% - it's 17.1% (using BLS U6 - the real # is closer to 22%).

We have a massive unemployment problem which is being papered over with government hiring permanent and temp workers, and the bail out of state and local government which need to significantly reduce their bloated workforces.

You keep saying things like this...it would be interesting to here you defend them.

Why do you consider the U6 to be a more accurate measure of unemployment (than the tU3, U4, or U5) when it includes a large number of people who have jobs?

What makes an unemployment calculation the "real" number? What's more "real" about i(when I guarantee nobody has ever used whatever you'll claim as an official or reliable measure)?

What definition of Unemployment are you using, and why?

 

[skookerasbil]

The collapse of our economy is exactly the plan of this president..........from day 1

 

[rightwinger]

It's not 9.9% - it's 17.1% (using BLS U6 - the real # is closer to 22%).

We have a massive unemployment problem which is being papered over with government hiring permanent and temp workers, and the bail out of state and local government which need to significantly reduce their bloated workforces.

You keep saying things like this...it would be interesting to here you defend them.

Why do you consider the U6 to be a more accurate measure of unemployment (than the tU3, U4, or U5) when it includes a large number of people who have jobs?

What makes an unemployment calculation the "real" number? What's more "real" about i(when I guarantee nobody has ever used whatever you'll claim as an official or reliable measure)?

What definition of Unemployment are you using, and why?

He is using whatever numbers make the Obama administration look the worst

its called moving the goalpost

 

[Mr Natural]

With a growing population and more and more jobs going overseas, we should be thankful that unemployment is only 10%.

 

[saveliberty]

With a growing population and more and more jobs going overseas, we should be thankful that unemployment is only 10%.

Tell that to the 56% of the 10% who had jobs before all this.