84,000 lost their jobs this month and employment rate sored to 6.1%----Is this economic progress?
For the 8th month in a row, a total of 650,000 job loses. The number of unemployed persons rose by 592,000 to 9.4 million in August,
and the unemployment rate increased by 0.4 percentage point t...
For the 8th month in a row, a total of 650,000 job loses. The number of unemployed persons rose by 592,000 to 9.4 million in August,
and the unemployment rate increased by 0.4 percentage point to 6.1 percent.
Over the past 12 months, the number of unemployed persons has increased by
2.2 million and the unemployment rate has risen by 1.4 percentage points,
with most of the increase occurring over the past 4 months. (See table A-1.)
In August, the unemployment rates for adult men (5.6 percent), adult women (5.3 percent), whites (5.4 percent), blacks (10.6 percent), and Hispanics (8.0 percent) rose, while the jobless rate for teenagers was little changed at 18.9 percent. The unemployment rate for Asians was 4.4 percent in August, not seasonally adjusted. Among the unemployed, the number of persons who lost their last job rose by 417,000 to 4.8 million in August, with increases occurring among those on temporary layoff and those who do not expect to be recalled to work. Over the last 4 months, the number of unemployed job losers has increased by 810,000.
In August, the number of long-term unemployed (those jobless for 27 weeks or more) rose by 163,000 to 1.8 million, an increase of 589,000 over the past 12 months. The newly unemployed--those who were jobless fewer than 5 weeks increased by 400,000 over the month.
Total Employment and the Labor Force (Household Survey Data)
The civilian labor force, at 154.9 million, was about unchanged in August, and the labor force participation rate remained at 66.1 percent. Total employment, at 145.5 million, was little changed from July. The employment-population ratio fell over the month to 62.1 percent in August, down 1.3 percentage points from its most recent high of 63.4 percent in December 2006.
In August, the number of persons who worked part time for economic reasons was essentially unchanged at 5.7 million. This category includes persons who indicated that they would like to work full time but were working part time because their hours had been cut back or they were unable to find full-time jobs. (more)
and the unemployment rate increased by 0.4 percentage point to 6.1 percent.
Over the past 12 months, the number of unemployed persons has increased by
2.2 million and the unemployment rate has risen by 1.4 percentage points,
with most of the increase occurring over the past 4 months. (See table A-1.)
In August, the unemployment rates for adult men (5.6 percent), adult women (5.3 percent), whites (5.4 percent), blacks (10.6 percent), and Hispanics (8.0 percent) rose, while the jobless rate for teenagers was little changed at 18.9 percent. The unemployment rate for Asians was 4.4 percent in August, not seasonally adjusted. Among the unemployed, the number of persons who lost their last job rose by 417,000 to 4.8 million in August, with increases occurring among those on temporary layoff and those who do not expect to be recalled to work. Over the last 4 months, the number of unemployed job losers has increased by 810,000.
In August, the number of long-term unemployed (those jobless for 27 weeks or more) rose by 163,000 to 1.8 million, an increase of 589,000 over the past 12 months. The newly unemployed--those who were jobless fewer than 5 weeks increased by 400,000 over the month.
Total Employment and the Labor Force (Household Survey Data)
The civilian labor force, at 154.9 million, was about unchanged in August, and the labor force participation rate remained at 66.1 percent. Total employment, at 145.5 million, was little changed from July. The employment-population ratio fell over the month to 62.1 percent in August, down 1.3 percentage points from its most recent high of 63.4 percent in December 2006.
In August, the number of persons who worked part time for economic reasons was essentially unchanged at 5.7 million. This category includes persons who indicated that they would like to work full time but were working part time because their hours had been cut back or they were unable to find full-time jobs. (more)
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No--please elaborate why you believe this is not progress
...and McSame says the Bush Economy has prospered??
Progress would be the plummeting rate of unemployment under Bill Clinton.
Undecided
I don't know what is the Senators and Congresspersons doing about it! I think Democrats are on vacation and Republicans are on the floor...at least that is what I hear.No--please elaborate why you believe this is not progress
We better give bigger tax breaks to the wealthiest, corps and oil cos. And just because high unemployment give the corps a better pool to pick from and pay less at the same time, the republican way. "Republebonics"No--please elaborate why you believe this is not progress
pretty obvious why this is not good! It causes a chain effectNo--please elaborate why you believe this is not progress
and that needs no elaboration -- it's plain on it's face. Unemployment up, more jobs lost, housing market still in turmoil, stock market wild, staple prices up ... it's not nice out there.Undecided
Oh great, now another 650,000 whiners will be on the dole! They all have mental recessions! Get a job at McDonalds!You see..not all people pay attention to what is happening in the world and they think that it's all rosy because their particular store is making money...and I for one, will miss you when you get your employment...which I know you will!
No--please elaborate why you believe this is not progress
I'm working an enjoyable job doing things I like doing, but getting paid less than half what I used to make 7 years ago. At this point--just glancing around, you know--I'm just glad to have ANY work at all.Even the rallies in the stock market are about things like, "Company ABC posted quarterly losses that were less than expected." Oh, yeah, let's rally around that! Or, how about, "Mega Corp. posts 3rd quarter profit by cutting 5,000 jobs." Talk about your economic boon.
No--please elaborate why you believe this is not progress
Progress? This is disastrous! No one expected the unemployment figures to plummet so deeply this summer and all year, for that matter. When people don't work, they also don't buy, and the economy goes into recession. Of course, we also have inflation, thanks to the oil crisis. Meantime, while Cheney just pledged 1 billion dollars to Georgia to aid its battle against Russia, our inner cities are crumbling, crime is on the rise. There is a snowball effect that must be stopped. Clearly the only hope is in electing Obama and a Democratic Congress.No--please elaborate why you believe this is not progress
...and McSame says the Bush Economy has prospered??Progress would be the plummeting rate of unemployment under Bill Clinton.
No--please elaborate why you believe this is not progress
And, we are asked for more of the same???Yes, we've had a barely Democratic controlled Congress since 1/07..but, when you have a president that vetoes any and everything that crosses his desk that might help any one other than oil people and when Gramm set the precedent for the mortgage fiasco..keep blaming the Dems..that'll help!
Undecided
Who can afford to DRIVE to work.People have to get a second job to afford to get to the first one.
Yes- please elaborate why this is progress
gasNo--please elaborate why you believe this is not progress
It's due to the DEMOCRAT controlled "do nothing" in an election year congress!! Expect more of the same if Obama is elected!Please, can you explain why those tax incentives did not keep the jobs in American and why a total of 650,000 people are unemployed?
Tax incentives work. Obama cannot tell business what to do anymore than any president can.
We are not the nanny states of America. The Gov. is not there to take care of you from cradle to grave nor are they to engage in the re-distribution of wealth [that is socialism]. We the people are the government and we decide what's best for us according to the constitution. Our Reps work for us not themselves.
Slow down my azz.
Where is my comments do you see me asking for a hand out or the government to take care of me? You should really get your head out you rear. Where is the constitutions doe he state to give large business and corporations tax incentives? Where in the constitution doe it state we must be Christians and have our government based on the bible? Where in our constitution does he state the government can tell us when we can or can not have an abortion....
You are right, we do decide what is best for our society, buy the constitution and by the demand for change with a changing society.
Rest is your opinion.
Thats very backwards friend.... if McCain wins we will remain mired in this 'divided' house .... they are both conservative republicans which means atleast anouther 2 years of the same BS we are having to deal with now.
Incentive you quote was from him not our pockets like Obama's !
Thanks for the non chat.
Chat is not in your vocabulary.
You need to look in the mirror.