September unemployment is 9.8 percent

[CRedskinsRule]

What's even scarier in this article is the talk of how many people have stopped looking for jobs.

Jobless rate reaches 9.8 percent in September - Yahoo! News

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

More than a half-million unemployed people gave up looking for work last month. Had they continued searching, the official jobless rate would have been higher.

All told, 15.1 million Americans are now out of work, the department said. And more than 7.2 million jobs have been eliminated since the recession began in December 2007.

Not a bashing thread. More a thankful that I have a job thread. My employer has always been a cash first business, and we have a stable client base. I am very thankful that I have my job!

[firstdown]

So at what point do we declare that the stimulas bill didn't work or do we just keep waiting until things to turn around to declare its was a sucess?

[Schneed10]

Originally Posted by firstdown

So at what point do we declare that the stimulas bill didn't work or do we just keep waiting until things to turn around to declare its was a sucess?

Well to make a declaration like that you have to do a lot more digging than just looking at September's 9.8% and summarily passing judgment.

You have to analyze jobs to ascertain:

- How many people would be unemployed if the stimulus wasn't passed? Would it be more than 9.8%?

- How many people have adjusted their standard of living? For example, my wife became a stay at home mom last month. She's not looking for another job, but she doesn't want one either.

- How many jobs have been created by stimulus funds to date? How many are planned?

- How many jobs have been created/lost thanks to economic conditions. These creations/losses would happen regardless of stimulus.

It's a complicated exercise to accurately determine whether stimulus worked. Don't be a headline grabber when it comes to this stuff, focusing on the headlines leads to thoughtless debate and a lack of critical thinking.

[firstdown]

Originally Posted by Schneed10

Well to make a declaration like that you have to do a lot more digging than just looking at September's 9.8% and summarily passing judgment.

You have to analyze jobs to ascertain:

- How many people would be unemployed if the stimulus wasn't passed? Would it be more than 9.8%?

- How many people have adjusted their standard of living? For example, my wife became a stay at home mom last month. She's not looking for another job, but she doesn't want one either.

- How many jobs have been created by stimulus funds to date? How many are planned?

- How many jobs have been created/lost thanks to economic conditions. These creations/losses would happen regardless of stimulus.

It's a complicated exercise to accurately determine whether stimulus worked. Don't be a headline grabber when it comes to this stuff, focusing on the headlines leads to thoughtless debate and a lack of critical thinking.

The stimulas is one of those things that the left will at some point will say it worked and the right will point to stuff and say it failed and we will never know. You and your wife are like us and made the decision for her to stay at home with the little one which is great for the child. My wife actually has an at home business which does bring in 4 to 5 grand a year.

[Trample the Elderly]

Originally Posted by Schneed10

Well to make a declaration like that you have to do a lot more digging than just looking at September's 9.8% and summarily passing judgment.

You have to analyze jobs to ascertain:

- How many people would be unemployed if the stimulus wasn't passed? Would it be more than 9.8%?

- How many people have adjusted their standard of living? For example, my wife became a stay at home mom last month. She's not looking for another job, but she doesn't want one either.

- How many jobs have been created by stimulus funds to date? How many are planned?

- How many jobs have been created/lost thanks to economic conditions. These creations/losses would happen regardless of stimulus.

It's a complicated exercise to accurately determine whether stimulus worked. Don't be a headline grabber when it comes to this stuff, focusing on the headlines leads to thoughtless debate and a lack of critical thinking.

-You also have to factor in how many anti-aircraft carrier missiles the CHICOMS can buy with the interest off the money we've borrowed from them.

[budw38]

Originally Posted by firstdown

So at what point do we declare that the stimulas bill didn't work or do we just keep waiting until things to turn around to declare its was a sucess?

Do you think an 89,000 car , not built in the USA will help " stimulate " our economy ? Looks like it will help Mr. Al Gore Gore-Backed Car Firm Gets Large U.S. Loan [Finland that will sell for about $89,000....]

[MTK]

Well said Schneed

[jsarno]

Job losses moderated in August, but the unemployment rate ticked up 0.1 percentage point to 9.8%, the highest level since June 1983.

There is no real way of slicing that to make it better, the current administration is failing plain and simple.

[firstdown]

Originally Posted by jsarno

There is no real way of slicing that to make it better, the current administration is failing plain and simple.

If I'm correct that number does not even enclude the self employed that have had to close the doors.

[Hijinx]

Originally Posted by jsarno

There is no real way of slicing that to make it better, the current administration is failing plain and simple.

The current administration has "failed" us by not being able to undo the work of eight years of buffoons in a mere 9 months. The GOP is almost totally to blame for this by the deregulation of the banks. Yes, a down turn was bound to happen, but it was made much worse by the shading bussiness practices that were allowed.

This economy is living proof that it is a lot easier to screw something up than it is to fix it.


However the truth is the government does not control the economy. Politicians take too much blame when it goes south and far too much credit when it turns around.

[budw38]

Originally Posted by Hijinx

The current administration has "failed" us by not being able to undo the work of eight years of buffoons in a mere 9 months. The GOP is almost totally to blame for this by the deregulation of the banks. Yes, a down turn was bound to happen, but it was made much worse by the shading bussiness practices that were allowed.

This economy is living proof that it is a lot easier to screw something up than it is to fix it.


However the truth is the government does not control the economy. Politicians take too much blame when it goes south and far too much credit when it turns around.

Who refused to deregulate the banks ?

YouTube - Shocking Video Unearthed Democrats in...

... your banks were run by , R. Rubin , F. Raines of the clinton admin . Frank<D> and Dodd < D> were the chairmen of the Senate & Congressional finance/banking commities . Countrywide Financial / Fannie Mae were putting money into the Dems in return got subprime and CRA's ... OpenSecrets | Update: Fannie Mae and Freddie Mac Invest in Lawmakers - Capital Eye hard to lay blame on GWB for what happen in the 1990's ..http://seattletimes.nwsource.com/htm...i/Barney_Frank

[MTK]

I think it's worth noting this is the time of year where a lot of seasonal employment comes to an end. College kids are back to school, and in areas like the northeast you have a lot of people laid off this time of year as contracting work, landscaping, etc. is winding down.

[firstdown]

Originally Posted by Mattyk72

I think it's worth noting this is the time of year where a lot of seasonal employment comes to an end. College kids are back to school, and in areas like the northeast you have a lot of people laid off this time of year as contracting work, landscaping, etc. is winding down.

Well its not like unemployment just jumped 2% its been getting higher all summer.

[jsarno]

Originally Posted by Mattyk72

I think it's worth noting this is the time of year where a lot of seasonal employment comes to an end. College kids are back to school, and in areas like the northeast you have a lot of people laid off this time of year as contracting work, landscaping, etc. is winding down.

As first down pointed out, it's been getting higher all summer, but your logic is not spot on either. When kids go back to school, they vacate positions that employers usually try to fill, also, no kid files at the unemployment office. To add to this, A LOT of companies are already gearing up for black friday and the holidays and starting to train employees to know how to service customers for the holidays...sure more will occur at the end of this month, but I am already prepared for my holidays as are several other companies and replaced our student employees.

About landscaping work and contract work, that is a valid argument if all summer wasn't declining in unemployment rate. So what is the current administration doing to fix this issue? Worst rate since 83 and predicted to hit 10% by end of the year! Instead, he's off in Denmark pitching for Chicago to get the olypics, which was an epic fail since we were predicted to rival Rio, and we were first one dismissed.
I think your best argument would have been backing it up with historical data at this time of year, not blindly supporting who you voted for. We ALL know if this was Bush, this would be a public uproar and cry for impeachment...but it's Obama, therefore he's untouchable.

[MTK]

Originally Posted by jsarno

As first down pointed out, it's been getting higher all summer, but your logic is not spot on either. When kids go back to school, they vacate positions that employers usually try to fill, also, no kid files at the unemployment office. To add to this, A LOT of companies are already gearing up for black friday and the holidays and starting to train employees to know how to service customers for the holidays...sure more will occur at the end of this month, but I am already prepared for my holidays as are several other companies and replaced our student employees.

About landscaping work and contract work, that is a valid argument if all summer wasn't declining in unemployment rate. So what is the current administration doing to fix this issue? Worst rate since 83 and predicted to hit 10% by end of the year! Instead, he's off in Denmark pitching for Chicago to get the olypics, which was an epic fail since we were predicted to rival Rio, and we were first one dismissed.
I think your best argument would have been backing it up with historical data at this time of year, not blindly supporting who you voted for. We ALL know if this was Bush, this would be a public uproar and cry for impeachment...but it's Obama, therefore he's untouchable.

Whoa calm down cowboy, I'm not making this a Bush/Obama deal at all. Just talking about the unemployment rate and I tossed out a thought off the top of my head.