Economy loses 85K jobs as employers remain wary

Discussion in 'Politics' started by carpro, Jan 8, 2010.

  1. carpro

    carpro
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    http://finance.yahoo.com/news/Economy-loses-more-jobs-apf-2245188994.html?x=0&.v=8

    Economy loses 85K jobs as employers remain wary

    Employers cut more jobs than expected in December, unemployment rate holds at 10 percent

    WASHINGTON (AP) -- Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 net jobs in December even as the unemployment rate held at 10 percent. The rate would have been higher if more people had been looking for work instead of leaving the labor force because they can't find jobs.

    The sharp drop in the work force -- 661,000 fewer people -- showed that more of the jobless are giving up. Once people stop looking for jobs, they're no longer counted among the unemployed.

    When discouraged workers and part-time workers who would prefer full-time jobs are included, the so-called "underemployment" rate in December rose to 17.3 percent, from 17.2 percent in November. That's just below a revised figure of 17.4 percent in October, the highest on records dating from 1994.
     
  2. carpro

    carpro
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    Obama just doesn't get it. He comes out today with another penny ante program to "stimulate" jobs. It will do almost no good at all, but is true to his ideology. The country can slide off in an abyss for all he cares as long as he can say he's a true ideologue.

    Is there anyone more economically challenged than this moron?
     
  3. Mexdeaf

    Mexdeaf
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    The morons who advise him.
     
  4. billwald

    billwald
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    All the good Republicans and Libertarians have been conned into believing that social programs are increasing because the US is becoming socialist/communist!. This is a propaganda campaign by our owners!

    I just finished a book on the history of gold mining in Snohomish County. The author makes a side remark that Rockefeller invested in one mine because he was making $30 million a year (some such number) and didn't know what to do with it all.

    We are returning to those days when 80% were working poor and 5% were stinking rich - a new combination of fascism and unrestricted capitalism. For years I have been told that socialism/communism is a system in which everyone becomes poor. This is not what is happening! The rich are getting richer and the middle class is the new poverty class. Socialism/communism isn't supposed to work this way by anyone's definition of socialism.
     
  5. carpro

    carpro
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    "The buck stops here." :rolleyes:
     

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