The recession is over! Unemployment jumps to 10.2% – Actually the REAL rate is 17.5%

No its true! The recession is over says the likes of Ben Bernake, and anyone on the Obama team. The unemployment rate is just a “lagging indicator” of the economy. Well this lagging indicator just jumped 0.4% in ONE MONTH from 9.8% to 10.2%
the highest rate since April of 1983. And yet the $787 billion stimulus was supposed to create all those jobs and this rate wasn’t supposed to climb above 8%. So far the Porkulus has done nothing more than paying for GPS enabled choppers looking for rat droppings, study the Nancy Pelosi fish in San Francisco, etc. Among the major worker groups, the unemployment rates for adult men 10.7%, Whites 9.5% Women 8.1%, Teenagers 27.6%, Blacks 15.7%, and Hispanics 13.1%. The unemployment rate for Asians stands at 7.5%

Graph courtesy of Gop.gov/accountability

The 10.2 percent unemployment rate does not include people without jobs who have stopped looking for work or those who have settled for part-time jobs. If you counted those people, the unemployment rate would be 17.5 percent, the highest on records dating from 1994

according to the AP.


No TweetBacks yet. (Be the first to Tweet this post)

Related posts:

  1. Illinois unemployment rate hits 25-year high at 10.1 percent From the state that us Hope and Change, Rev Wright,...
  2. Unemployment rate now at 9.5% – Hope and Change! Turns out the jobs cut for June was a little...
  3. Unemployment for the young at 52.2% – a new post World War II high The bracket that defines the “young” and their current unemployment...
  4. Hows that stimulus bill working? Unemployment rate now at 9.8% 9.8% is a higher number than 8% right? Because we...
  5. Despite the Christmas season hirings, December loses 85,000 jobs, unemployment rate stays at 10% Remember, the recession is over. At least that’s what Obama...

Related posts brought to you by Yet Another Related Posts Plugin.

November 6, 2009 · Filed Under Porkulus

Share/Bookmark

Comments

One Response to “The recession is over! Unemployment jumps to 10.2% – Actually the REAL rate is 17.5%”

  1. RooForLife on November 6th, 2009 11:38 am

    Unemployment of American citizens will continue for along time because the Federal Government REFUSES to put a freeze on importing foreign workers during this time. Each MONTH 125,000 foreign workers come into this country & the Federal Government is ASKING for more foreign workers. Those representatives that VOTE to import foreign workers DONT care about the American citizens that are out of work, they seem to only care about people that arent citizens of the US!

Lets hear your point of view! - A warning to the liberal whiners who seem intent to flood our comment section with profanity. Save your keystrokes. The anti spamming script will just automatically delete your comment. Feel free to disagree with the host on any article posted here, but flame baits, racism, and profanity laced tirades will NOT be tolerated, and will eventually get your IP address banned!




www.e-referrer.com