DemocratSinceBirth
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Fri Dec-03-10 09:09 AM
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Merry Christmas -Unemployment Rises To 9.8% |
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http://www.cnbc.com/id/40489270And here's my post on being unemployed and underemployed: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9679321The Pollyannas need to check themselves. We are going in the wrong direction and the unemployed, the underemployed, and the too discouraged to look could give a rat's ass whose fault it is. They want their jobs and dignity back...
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T Wolf
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Fri Dec-03-10 09:14 AM
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1. BUT, we can all look forward to "good numbers" in future reports as those greedy, lazy bums |
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get thrown off the rolls. Wonder who will take credit for the "improvement."
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democrat_patriot
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Fri Dec-03-10 09:31 AM
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5. Republicans will take credit. Just being voted in helped!! |
CoffeeCat
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Fri Dec-03-10 09:18 AM
Response to Original message |
2. A factor that is compounding the unemployment... |
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...crisis is that whenever we get any glint of good news about an improved economy or jobs outlook---discouraged workers and others flood the market looking to pick up jobs.
There are many people who retired or retired relatively early--and they're scared as hell. Their investment portfolios have taken a hit and Social Security and Medicare are no longer sure things. So they want back in to make more money. Understandable.
Many discouraged workers, who aren't even counted in the unemployment statistics, stopped looking for work. But when the job market is more positive, they come out of the woodwork-- hoping to snag a job.
I'm a stay-at-home mom and have been so for nine years. I'm not including in the unemployment statistics, but I'm gearing up to return to the workforce. It's too damn scary out there to rely only on one income. Sign of the times.
There are just so, so many people looking for work, in this economy--who would otherwise not be doing so under better circumstances.
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xchrom
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Fri Dec-03-10 09:20 AM
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Ichingcarpenter
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Fri Dec-03-10 09:26 AM
Response to Original message |
4. The DOW is up 106 points!!!!! |
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Good news for investors!!!!
Meanwhile who will buy their shit?
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nmbluesky
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Fri Dec-03-10 09:46 AM
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9.8? How? What? Really? because I just get a job..but it still 9.8? mmmm
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WorseBeforeBetter
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Fri Dec-03-10 09:25 PM
Response to Reply #6 |
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And not "still," it rose.
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DemocratSinceBirth
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Sat Dec-04-10 07:43 AM
Response to Reply #9 |
15. Leave Him Alone. He Got A Job. He's Telling You Everything Is Rosy |
prolesunited
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Fri Dec-03-10 09:43 PM
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10. Well, if you just got a job |
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that must mean the other 17 million out there are just deadbeats.
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DemocratSinceBirth
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Fri Dec-03-10 09:48 AM
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7. LOL At The Unreccommenders |
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The money boys on CNBC think the figure is irrelevant too...
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old mark
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Fri Dec-03-10 02:43 PM
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8. K&R - and the GOP says NO to Unemployment Compensation... |
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Our new republican governor-elect says there are plenty of jobs, but people don't want to work (PA). He also plans to cut the number of people getting medicaid by 15%, and bust some unions.
Happy New Year!
mark
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Imajika
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Fri Dec-03-10 10:14 PM
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11. Yeah, this was pretty bad... |
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I really expected a better number and said so many times.
I was dead wrong and those who argued with me about this were correct.
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Sirveri
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Sat Dec-04-10 04:58 AM
Response to Original message |
12. U5 = 11.3% having increased with the U3 rate. U6 steady @ 17.0% |
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But why report the real number, then Obama would be pissed because unemployment was above 10%
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Goldstein1984
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Sat Dec-04-10 05:19 AM
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13. There's good news and bad news |
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The bad news is that it's going to get worse because the economy is still a house of cards destined to decay further, and the unemployed will eventually run out of benefits.
The good news is that the unemployed are also running out of hope, which means they'll soon have nothing left to lose, and that's when they become dangerous to the status quo.
When the DJIA jumps on the very same day worse-than-expected employment numbers are announced it should be obvious that the economic welfare of the ruling class is inversely related to the economic welfare of the working class.
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ProgressOnTheMove
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Sat Dec-04-10 07:30 AM
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14. I've given up 2010 was the dumbest thing I've witnessed in history 2000 ok we all make mistakes but |
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Edited on Sat Dec-04-10 07:34 AM by ProgressOnTheMove
2010 is going to prove a historic calamity. It's going to be a loooooong way back. At least I tried that's all I know and whatever decision Pres. Obama makes ANY Democratic President would make from this point as he's not just the lefts President and we sent the message with our vote go HARD right. It' doesn't matter much what we say, it's how we vote they most listen to.
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Wed May 01st 2024, 09:30 AM
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