finance.yahoo.com - 25 days ago
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WASHINGTON (AP) -- Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought. The jobless rate rocketed to 10.2 ...
blogs.reuters.com - 21 days ago
openmarket.org - 22 days ago
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openmarket.org —
Unemployment is now higher in the U.S. than
in Europe , reports the Washington Post . “The...
official U.S. unemployment rate, reported last Friday, now stands at 10.2 percent,” compared to “9.7 percent” in Europe. This is the highest rate in more ...
(more)
Unemployment Skyrockets: “U.S. now beating ...
yglesias.thinkprogress.org - 26 days ago
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yglesias.thinkprogress.org —
More bad news on the labor market front:
Takeaways: One, people need to stop worrying about inflation....
Two, the federal government should deploy more aid to state and local governments. Three, instead of easing up on the easing of monetary ...
(more)
Unemployment Passes 10 Percent
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AP: Recovery? What recovery?
Hot Air » Top Picks —
... The AP has been trying hard to sell the idea of recovery over the last few weeks, but even the AP can’t spin double-digit unemployment . In a piece published last night, they took a decidedly pessimistic tone in reporting the accelerating pace of job losses, using the somewhat ironic headline “What recovery?” Just when it was beginning to look a little better, the economy relapsed Friday with a return to double-digit unemployment for only the second time since World War II and warnings that next year will be even worse than previously thought. The jobless rate rocketed to ...
ASSOCIATED PRESS: What recovery? Unemployment shoots past 10 percent….
Instapundit —
ASSOCIATED PRESS: What recovery? Unemployment shoots past 10 percent.
The Obama economic MIRACLE continues apace!
Cold Fury —
Even the AP can’t find a way to spin the Obama Depression anymore: What recovery? Unemployment shoots past 10 percent What recovery? Oh, you remember, the one you propagandists have been making up out of whole cloth for a couple of months now, trying to prop up your idiot commie pResident. And the real unemployment number is of course much, much higher, approaching ...
Elizabeth Warren: America Without a Middle Class
Politics on HuffingtonPost.com —
Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?
Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can't make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family ...
Related Content
Coming up: 12% unemployment
faustasblog.com 20 days ago — James Pethokoukis explains 12 reasons unemployment is going to (at least) 12 percent .
Read the whole list, but pay particular attention to items 6-9:
6. The number of permanent job losses this cycle (unemployed but not for temporary purposes) increased by a record 6.2 million. In fact, ...
What recovery should look like
krugman.blogs.nytimes.com 11/1/2009 — Yes, 3.5 is a lot better than zero. But what we need is a string of numbers about twice that high.
Obama and Unemployment
liberalvaluesblog.com 22 days ago — Republicans would love to blame Obama for the unemployment rate but this would also contradict their belief that the government cannot do much to affect the economy. Libertarian Megan McArdle is honest about this in defending Obama against an op-ed by Charles Blow which does blame him:
The ...
Did Unemployment Really Rise?
norris.blogs.nytimes.com 23 days ago — Employment was up in October, and the unemployment rate was unchanged, no matter what you may have read. The news looked bad only because of seasonal adjustments.
Labor report: Unemployment Edges Toward 10 Percent
hyscience.com 26 days ago — The government releasew its monthly employment report today and the AP reports that the nation's economy probably lost a net total of 175,000 jobs in October, pushing the unemployment rate to 9.9 percent.
Ah, the wonders of Obanomics and Hopenchange. But puhleese, don't question Dear ...
Long-Term Unemployment Turns into Structural Unemployment
delong.typepad.com 11/1/2009 — Mark Thoma makes a graph: those who have been unemployed for more than six months divided by the civilian noninstitutional population 16 and over:
It's very scary: long-term unemployment has a way of turning into structural unemployment...
Unemployment rate goes up to 9.8 percent
politicalticker.blogs.cnn.com 10/2/2009 — WASHINGTON (CNN) — The nation's unemployment rate rose to 9.8 percent in September, up from 9.7 percent in August, the Labor Department said Friday.
The September unemployment rate is the highest in the United States since July 1983, ...
unemployment
angrybear.blogspot.com 17 days ago — Rdan
After having received e-mails regarding Mark Thoma's post on types of unemployment about who was included and excluded from the per centages, I thought a note on the relevance of the employment to population ratio to be worth repeating from comments on that post.
Lifted from comments ...
Unemployment Is Up, but the Banks Are Doing Well
tpmcafe.talkingpointsmemo.com 10/11/2009 — Last Friday's job report showed that most of the US is experiencing enormous economic pain, even if America's economy is now in a recovery. Overall unemployment rose to 9.8%, with the unemployment rate for men hitting a new post-depression high. The ...
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