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SUNDAY, NOVEMBER 22, 2009
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6

Unemployment Hits 9.7%, but Job Losses Are Slowing

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(Newser) – The US lost 216,000 jobs last month, driving unemployment to 9.7%, its highest level since 1983, the Wall Street Journal reports. The silver lining is that job losses have slowed; payrolls dropped a revised 276,000 in July, and earlier months saw losses of as many as 700,000 jobs. “The labor market’s healing process is agonizingly slow,” one economist tells Bloomberg. Individuals will “be contending with a weak labor market for some time.”

Unemployed Sergio Fuentes, right, gets some help from a state worker for a job at the State of California Employment Development Department in San Jose, Calif., Tuesday, Sept. 1, 2009.
Unemployed Sergio Fuentes, right, gets some help from a state worker for a job at the State of California Employment Development Department in San Jose, Calif., Tuesday, Sept. 1, 2009.   (AP Photo/Paul Sakuma)
Peoplecheck job listings on computers at JobTrain, an educational and training institution that also offers career counseling and job placement services, in Menlo Park, Calif., Sept. 3, 2009.
Peoplecheck job listings on computers at JobTrain, an educational and training institution that also offers career counseling and job placement services, in Menlo Park, Calif., Sept. 3, 2009.   (AP Photo/Paul Sakuma)
Maureen Sanders looks for postings at the Employment Connection Wednesday, Sept. 2, 2009, in Parma, Ohio.
Maureen Sanders looks for postings at the Employment Connection Wednesday, Sept. 2, 2009, in Parma, Ohio.   (AP Photo/Tony Dejak)
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6 comments
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NewserScooter
Sep 4, 09 8:15 AM CDT
But I wonder how many jobs were actually "created or saved"? I'm sure Obama will say that they expected to lose twice as many. I heard these guys say that it would not go above 8% if we passed the stimulus. Reply
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+3
IN RESPONSE:
Corona_Kinq
Sep 4, 09 8:34 AM CDT
I think they meant if we actually USED the stimulus, so far they've barely used any.
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IN RESPONSE:
doingtherightthing
Sep 4, 09 10:20 AM CDT
unemployed figures were adjusted in July to lessen the unemployed numbers, such as, people who quit looking for work is a example. These are Jimmy Carter numbers. We are above 10% unemployed in reality. Nothing has been created for the unemployed......... The stimulus went to Obama's supporters like Acorn. The money is sitting in limbo, why? Answer: Obama doesn't care!
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IN RESPONSE:
Newser001
Sep 4, 09 12:52 PM CDT
The real unemployment rate? Try 15.6% (MSN Money). The governments' 9.7% is only a feel good smokescreen. These unemployment figures are NOT truly reflective of real unempleyment issues as the are deceptive, non-inclusive (i.e; those with expired benefits, mothers, teens, furloughed, farm workers, terminations under false pretense, etc... all and more fall off the radar screens).
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+2
Ucantusethatname
Sep 4, 09 9:06 AM CDT
The stimulus has done nothing to save or create jobs. It will result in trillions of wasteful spending and lies. So something did result. Reply
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+4

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