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9.1%… Again

October 7, 2011

The first Friday of the month has become Groundhog Day — once again our U3 unemployment is at 9.1%, this time for the month of September.  However, 16.5% of the public is still really out of work.  It’s taking such a toll on the economy and the administration that even Joe Biden noticed, saying: “And [...]

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Recovery Summer? Only a 9.1% Unemployment Rate in July

August 5, 2011

The unemployment rate for July was only 9.1% as the economy added 117,000 new jobs (until the revisions come out, of course).  Even the real unemployment number dropped to 16.1%.  After watching the Dow drop over 500 points yesterday, some will spin this as a sign that the economy moving in the right direction.  However, [...]

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June 3, 2011

Ending a week of unpleasant economic news, America’s unemployment rate is back up to 9.1%, inching up one-tenth of a percent since April.  The U6 rate actually inched down the same amount in May to 15.8%, which can make sense given that the better the job outlook is, the more people will reenter the workforce.  [...]

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Unemployment Back to 9%

May 6, 2011

The seasonally adjusted U3 unemployment figure for the month of April saw the rate increase for the first time since November.  Those currently looking for a job who cannot find one are at 9%.  The “total unemployment rate” (U6) is up to 15.9% for the month of April.  The administration seems happy about these numbers.  In truth, [...]

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March 4, 2011

Today, the February U3 unemployment numbers came out a herculean 8.9% — the first time since April 2009 that we’ve seen unemployment dip below 9%.  Of course, in a few weeks there will be “revisions” or “seasonal adjustments” and the real number could easily be back in the 9 range, but for now this is [...]

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February 4, 2011

Despite the inclement weather, the unemployment rate cheerily lowered from 9.4% in December to 9.0% in January!  Some are quite pleased and the lower number can only mean we’re moving in the right direction.  Right? Unfortunately, no.  The figure being released is the “U3″ number which only counts those still looking for work who can’t [...]

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January 7, 2011

December’s unemployment numbers were released today and on the surface the direction looks positive:  we’re down to 9.4% unemployment from 9.8% in November.  Good news. The bad news is that much of the decline is due to people simply dropping out of their job search altogether.  When the popular “U3″ number changes its denominator, sometimes [...]

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December 4, 2010

Yesterday the November U3 unemployment rate came out indicating that we’re no longer stuck at 9.6%.  Instead, we’ve moved up to 9.8%!  While some economists find these numbers a bit unusual and believe that they will later be revised in a positive direction, America has remained above 9% unemployment longer than at any time since [...]

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Stuck at 9.6%

November 5, 2010

The latest unemployment (U3) numbers from October indicate that while the private sector added over 150,000 jobs last month, the overall unemployment rate remained steady at 9.6%.  It’s a sad commentary about our current leadership that holding steady at a historically high unemployment rate is now considered “encouraging” for the Obamabots.  We’ve seen worse reports [...]

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9.6%: The Last Unemployment Figure Before the Election

October 8, 2010

No surprise here — the unemployment rate for September stayed steady at 9.6%.  That is, of course, until the figures are “revised” later this month or perhaps even after November 2. I’ve got more hope than change in my pocket since the Obama Nation began imposing this latest ill-fated Keynesian experiment on America.  My “hope” [...]

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Recovery Summer Ends at 9.6%

September 3, 2010

August’s unemployment (U3) numbers came out today and saw some movement for the first time all summer.  Of course, it’s in the wrong direction, up to 9.6%.  Three more months at or above 9% and we’ll tie a post Depression record for such persistent high unemployment, and we’re not exorcising inflation from the economy with [...]

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Recovery Summer Continues at a Brisk 9.5%

August 6, 2010

The U3 rate (those without jobs who are still actively looking for them) for July was 9.5%, which is steady from June.  Stocks are a little shaky today on the news of still more lost jobs.  For the record, here’s a chart of U3 rates for Obama’s presidency: Obama Nation Unemployment Rate January 2009- July [...]

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At 9.5%, Let the Recovery Summer Begin!

July 2, 2010

The unemployment rate unexpectedly fell to 9.5% in June as President Obama declared, “Make no mistake, we are headed in the right direction,” though he’d like us to be moving in that direction faster. But, economics ain’t that simple sometimes. The economy lost jobs in June, but the unemployment rate nonetheless went down from 9.7% [...]

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