Bad news: Jobs market getting worse

[Freedom4all]

NEW YORK (CNNMoney.com) -- Employers cut more jobs from their payrolls in September and the unemployment rate hit another 26-year high, as the long-battered U.S. labor market took an unexpected turn for the worse, according to a government report Friday.

The unemployment rate hasn't topped 10 percent since June 1983, but it could return to that painful level soon - possibly as early as Friday, when the Labor Department issues its monthly jobs report.

Even as the economy shows signs of life, some employers are still cutting jobs, and many more are reluctant to hire after enduring the worst recession since the 1930s.

A return to 10 percent unemployment could pose political problems for President Barack Obama, who pushed through an ambitious $787 billion stimulus package in February intended to "save or create" 3.5 million jobs by the end of 2010. The administration said earlier this month about 1 million jobs have been saved so far.

Thanks Barack :down:

 

[Freedom4all]

If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994 (Clinton).

http://www.bls.gov/news.release/empsit.t12.htm

 

[jimntx]

You really enjoy discussing issues with yourself, don't you? Do you ever have disagreements or are you pretty much on the same wavelength?

 

[southwind]

Err........................where are the millions of "GREEN" jobs, Nobama promised !

 

[Freedom4all]

You really enjoy discussing issues with yourself, don't you? Do you ever have disagreements or are you pretty much on the same wavelength?

Yes it is funny how silent the left has become. Now that they see what hope and change got them. Wheres have all the Obama rah rah cheerleaders gone?

 

[Kev3188]

I hear what you're saying, but officially, those that have given up are not counted in UI stats.

As for green/stimulus jobs, I must live in the exception to the rule: Road construction everywhere (a lot more than normal), and I know a few people who have recently landed "green" jobs.

 

[jimntx]

Yes it is funny how silent the left has become. Now that they see what hope and change got them. Wheres have all the Obama rah rah cheerleaders gone?

No, not silent. As a Democratic Commie Pinko Liberal Socialist Nazi (did I miss any of your favorite terms for people who disagree with you?), I've come to realize that it is not fair to have a battle of wits with a person who is only half armed.

 

[delldude]

No, not silent. As a Democratic Commie Pinko Liberal Socialist Nazi (did I miss any of your favorite terms for people who disagree with you?), I've come to realize that it is not fair to have a battle of wits with a person who is only half armed.

Jimmie....you just described what Nancy refers to as a tea bagger to the TEA..............

 

[Freedom4all]

No, not silent. As a Democratic Commie Pinko Liberal Socialist Nazi (did I miss any of your favorite terms for people who disagree with you?), I've come to realize that it is not fair to have a battle of wits with a person who is only half armed.

Come on, dont be so scared, stand up for your Messiah. Did you get your free mortgage and gas yet?

 

[KCFlyer]

Come on, dont be so scared, stand up for your Messiah. Did you get your free mortgage and gas yet?

Just a quick question...but on this and other boards, the only one I see referencing Obama as a "Messiah" are the righties. So tell me...would that make the 2012 GOP candidate the Antichrist?

 

[freedom]

NEW YORK (CNNMoney.com) -- Employers cut more jobs from their payrolls in September and the unemployment rate hit another 26-year high, as the long-battered U.S. labor market took an unexpected turn for the worse, according to a government report Friday.

The unemployment rate hasn't topped 10 percent since June 1983, but it could return to that painful level soon - possibly as early as Friday, when the Labor Department issues its monthly jobs report.

Even as the economy shows signs of life, some employers are still cutting jobs, and many more are reluctant to hire after enduring the worst recession since the 1930s.

A return to 10 percent unemployment could pose political problems for President Barack Obama, who pushed through an ambitious $787 billion stimulus package in February intended to "save or create" 3.5 million jobs by the end of 2010. The administration said earlier this month about 1 million jobs have been saved so far.

Thanks Barack :down:

Finally , a post by you that i can ENJOY ...

yes freedom4all the US economy continues to BURN down ... if many of you may remember i was fortelling this LONG LONG ago back in the second half of 2007 .... in the grandscheme of things 260 K jobs lost isn't that big of a hit these days . (personally i like bigger flashier numbers like 500 or 700 K ) ....

Can you not feel it friends ? our economy slipping into the darkness , and there is NOTHING that anyone can do to stop it ... I have gone over to the dark side so to speak , i accept the fate that awaits our nation .... it will come ... DEPRESSION the likes of which none of us have ever seen in our lifetimes ... blame whomever you like ,blame will not stop this ... devise as many plans as you like , your planining will not stop it ... we are going to become russia in 1998 ...

prepare yourseleves , get a gun and stock up now , get yourself a new TV, a computer etc .... and don't forget the toliet paper!

 

[delldude]

Just a quick question...but on this and other boards, the only one I see referencing Obama as a "Messiah" are the righties. So tell me...would that make the 2012 GOP candidate the Antichrist?

Messianic one?


Praise Him.......

Nation of Islam leader Louis Farrakhan, another powerful Chicago-based political figure associated with the Rev. Jeremiah Wright and other long-time associates of Democratic Party presidential candidate Barack Obama, is leaving no doubt about what he thinks of the leader in the campaign for the White House.

He says when Obama talks "the Messiah is absolutely speaking."

 

[Freedom4all]

Just a quick question...but on this and other boards, the only one I see referencing Obama as a "Messiah" are the righties. So tell me...would that make the 2012 GOP candidate the Antichrist?

Where do you think it came from...

VIDEO: Praying to Obama: "Deliver Us Obama"

And during the campaign you saw these from the left...