Jobless Rate Rises to 9.8 Percent, Highest Since April

[MCWAY]

Jobless Rate Rises to 9.8 Percent, Highest Since April

WASHINGTON -- The nation's unemployment rate climbed to 9.8 percent in November, a seven-month high, as hiring slowed.

Employers added only 39,000 jobs last month, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month.

Private companies -- the backbone of the economy -- created 50,000 jobs. That was down significantly from the 160,000 private-sector jobs created in October and was the smallest gain since January.

With hiring so weak, the unemployment rate rose from 9.6 percent to 9.8 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.

http://www.foxnews.com/politics/2010/12/03/jobless-rate-rises-percent-highest-april/


I'm sorry!! Wasn't that stimulus supposed to keep unemployment under 8%?

[Fury]

Typical far-lefter: Hi, I'm <insert name here>! I'm your typical brain-dead far-left Obama worshiper. The economy hasn't changed for two years now and is probably getting worse but I'll tell you, with a straight face nonetheless, that Obama is doing a bang up job.

Typical 240: Derp, Palin, Palin, Palin, derp.

[Soul Crusher]

What a mess.

[Soul Crusher]

Passing obamacare, epa insanity, the taxes, the fed printing schemes, cap and trade, war on the chamber of commerce, et etc have killed any possibility of a real recovery. 

Everything obama and the dems have done have made things drastically worse.

[MCWAY]

Typical far-lefter: Hi, I'm <insert name here>! I'm your typical brain-dead far-left Obama worshiper. The economy hasn't changed for two years now and is probably getting worse but I'll tell you, with a straight face nonetheless, that Obama is doing a bang up job.

Typical 240: Derp, Palin, Palin, Palin, derp.

Now, you've gone and done it.

Guess what's coming next....

[MCWAY]

Passing obamacare, epa insanity, the taxes, the fed printing schemes, cap and trade, war on the chamber of commerce, et etc have killed any possibility of a real recovery. 

Everything obama and the dems have done have made things drastically worse.

Yet, the lefties think Obama will still get relelected, as long as Baby Girl wins the GOP nomination.

[Soul Crusher]

The dems for 4 years now have done everything possible to kill the economy.  Obamacare, epa regs raging, creating massive uncertainty in the economy, etcetc are killing us.

[dario73]

HOPE and CHANGE!!!!! Obama forgot to mention that he meant change for the worst.

This is very troubling:

Many economists had predicted the addition of nearly 150,000 jobs in November. But the report showed employers added just 39,000, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month.

As a result, the jobless rate which has been stuck at 9.6 percent for three months crept once again toward 10 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.

And even more disturbing is that there might still be a few morons on this board who will actually vote again for Obama.

[MCWAY]

HOPE and CHANGE!!!!! Obama forgot to mention that he meant change for the worst.

This is very troubling:

Many economists had predicted the addition of nearly 150,000 jobs in November. But the report showed employers added just 39,000, a sharp decline from the 172,000 created in October. The weakness was widespread. Retailers, factories, construction companies, financial firms and the government all cut jobs last month.

As a result, the jobless rate which has been stuck at 9.6 percent for three months crept once again toward 10 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.

And even more disturbing is that there might still be a few morons on this board who will actually vote again for Obama.

There's a reason for that!

I say let's have a ladder match, involving all the members of Team Kneepadder, with Obama Girl's red booty shorts, suspended the top of the rafters.

[Soul Crusher]

Its not just obama, its the sierra club, epa, irs, pelosi, reid, state govt regs destroying the econmy, compliance costs, obamacare, lawsuits, regulatory burdens, etc etc.

[dario73]

Its not just obama, its the sierra club, epa, irs, pelosi, reid, state govt regs destroying the econmy, compliance costs, obamacare, lawsuits, regulatory burdens, etc etc.

True.

The problem is that the fool still has veto power even after Reps take over the house in January.

Do you think that the "president" will move to the center and meet Reps and Blue Dod Dems halfway? Or he will be as arrogant as he has been so far and become without question the worst president ever?

[MCWAY]

True.

The problem is that the fool still has veto power even after Reps take over the house in January.

Do you think that the "president" will move to the center and meet Reps and Blue Dod Dems halfway? Or he will be as arrogant as he has been so far and become without question the worst president ever?

http://www.foxnews.com/politics/2010/12/03/deal-near-senate-plans-vote-dem-tax-cuts/

Well, it looks as if he's going to crack on the tax cuts. So, I may pay a visit to Huffington Post and see how many "progressives" are donning the sackcloth and ashes, weeping and gnashing their teeth over there.

[Soul Crusher]

At this point so much damage has been done, I really don't see how we get out of this. 

[Soul Crusher]

I have to rework that stim bill ue graph.

[GigantorX]

This is structural U.E. It can't be "fixed" by flooding the economy with money, tax cuts, stimulus or what have you. The backbone of the U.S., manufacturing, was offshored through tax policy and bad trade deals. It did a fine job at holding inflation down as our wages stagnated for 15 years but now we are seeing the ultimate outcome. Our economy has been based off of any number of bubbles since the 90's and plenty (all?) of the growth was artificial. With out the bubbles we have no backbone to prop us up.....it went to China.

[dario73]

This is structural U.E. It can't be "fixed" by flooding the economy with money, tax cuts, stimulus or what have you. The backbone of the U.S., manufacturing, was offshored through tax policy and bad trade deals. It did a fine job at holding inflation down as our wages stagnated for 15 years but now we are seeing the ultimate outcome. Our economy has been based off of any number of bubbles since the 90's and plenty (all?) of the growth was artificial. With out the bubbles we have no backbone to prop us up.....it went to China.

So how do we get manufacturing back to the USA? Or is it useless to try?

[dario73]

http://www.foxnews.com/politics/2010/12/03/deal-near-senate-plans-vote-dem-tax-cuts/

Well, it looks as if he's going to crack on the tax cuts. So, I may pay a visit to Huffington Post and see how many "progressives" are donning the sackcloth and ashes, weeping and gnashing their teeth over there.

He is such a liar, I have to see it to believe it.

[dario73]

Obama + Dems = Failure

[Soul Crusher]

And the IDIOTS like Lickmemore and others mocked my graphs early onshowing what a failure the stim bill was.   Whatever. 

[dario73]

And the IDIOTS like Lickmemore and others mocked my graphs early onshowing what a failure the stim bill was.   Whatever. 

Lurkernomore aka Lickobamasnutsmore is waste of human skin. A person who continues to stand by Obama despite everything showing ALL his policies have failed needs one right between the eyes.

9.8% UE right now! Yet the focus should be on Palin? Idiot.

[Soul Crusher]

 

[loco]

So how do we get manufacturing back to the USA? Or is it useless to try?

Americans would have to put up with and get used to higher prices for good made in America.  The Environmentalists would have to get ignored since "manufacturing is bad for the environment."

[Fury]

It's cheaper to produce garlic in China and ship it over than it is to produce it in the continental US. The system is completely broken.

[Soul Crusher]

Biden: November jobs report 'disappointing'

 WASHINGTON – Vice President Joe Biden says a weak November jobs report is "disappointing" and a sign that the economic recovery is fragile.

Biden says the uptick in the jobless rate to 9.8 percent means it is critical that Congress extend unemployment benefits before the end of the year. He also urged the Senate to follow the House in voting to continue tax cuts for the middle class.

Biden spoke before being briefed by Treasury Secretary Timothy Geithner and budget director Jacob Lew on the negotiations surrounding those tax cuts. A deal to extend the tax cuts for all taxpayers is starting to take shape, although it is not clear how quickly it might come together.

The White House is seeking to expand the tax package to include other measures, including extending unemployment insurance.

Source: http://news.yahoo.com/s/ap/20101203/ap_on_bi_ge/us_bide... 


________________________ ________________________ _________

[GigantorX]

Americans would have to put up with and get used to higher prices for good made in America.  The Environmentalists would have to get ignored since "manufacturing is bad for the environment."

Prices would rise but so would wages, our trade deficit would also shrink and our GDP would grow. Inflation would occur but the Fed could do something positive for the nation for once in its existence and raise interest rates so people/business would be able to save and be rewarded for it, thus rebuilding a capital base.

Just a thought. I know it isn't that simple (maybe it is) but it would take work and our govt. to not let large corporations write laws and tax policy for them.