Their actions drove it up.

if a Republican were president right now?It wouldn’t just be the top news story, there would be hour long “special reports”on the unemployment crises in the country. Newspapers would be reporting on the homeless and growing soup lines.
That Obama’s poll ratings still hover around 50% is due to the media downplaying his failures and the growing crises. However, things are getting so bad that even they can’t cover for him much longer.

So as I understand it over the last couple of months the unemply numbers have been where they where because pleople where dropping of the rolls as their unemployment ran out. And didn’t I hear yesterday that Congress had passed ANOTHER extension.
So will this mean that this 10.2 is likly to go even higher as those who have come off the roll start to take advantage of this new extensin and go back on the rolls?

That’s how we got in this mess in the first place. Remember TARP? Porkulus? All the other senseless spending? The justification is always that there is a crisis, the people want solutions.

How about shutting down the government for a few months.

I mean, something must be done, right? And that’s something, so it must be done.

Ref: AP version on Yahoo

Nearly 16 million people can’t find jobs even though the worst recession since the Great Depression has apparently ended. Many economists worry that persistently high unemployment could undermine the recovery by restraining consumer spending, which accounts for 70 percent of the economy.
…
Economists say the unemployment rate could climb as high as 10.5 percent next year because employers remain reluctant to hire.

Counting those who have settled for part-time jobs or stopped looking for work, the unemployment rate would be 17.5 percent, the highest on records dating from 1994.
…
One sign of how hard it still is to find a job: the number of Americans who have been out of work for six months or longer rose to 5.6 million, a record. They comprise 35.6 percent of the unemployed population, matching a record set last month.
…
The average work week was unchanged at 33 hours, a disappointment because employers are expected to add more hours for current workers before they begin hiring new ones.

There were some bright spots in the report. Professional and business services companies added 18,000 jobs. And temporary employment grew by 33,700 jobs, after losing positions for months. That’s a positive sign because employers are likely to add temporary workers before hiring permanent ones.

Still, economists expect jobs likely will remain scarce even as the economy improves. Diane Swonk, chief economist at Mesirow Financial, said that small businesses, a primary engine of job creation, still face tight credit and don’t have the cash reserves to support extra workers.
…
While the unemployment rate hasn’t yet topped the post-World War II high of 10.8 percent set in December 1982, many experts say this recession is worse.

The unemployment rate was much lower when the recession began — 4.9 percent in December 2007, compared with 7.2 percent in July 1981, when a brutal downturn started. That means the current job cuts have been much steeper to get to the 10 percent mark.
…
“This may be the toughest employment situation we’ve seen in the postwar era,” Mark Gertler, an economics professor at New York University, said in an interview earlier this week.

A couple of editorial comments…

Why is temp workers going up a good sign? If businesses are hiring temps instead of regular workers, it could be a sign that they don’t trust the direction things are going. It’s a good sign perhaps when things boom and it’s hard to find permanent workers so you use temps to get you past a bubble. I guess temps going up is better than both categories going down, but other than that I don’t see where it’s good news.

And didn’t Obama spent untold billions of dollars to get us part the credit crunch? That seemed to work pretty well, didn’t it? Unemployment is rising in part because small businesses are finding credit is tight. Nice job President Obama!

Unemployment never goes into double digits under Republican Presidents. For last 3 Democrat Presidencies, 2 have seem double digit unemployment.

Remember this when you go to vote next time - Don’t vote Democrat.

Everybody remember the promises made by Obama when they pushed the Stimulus Bill. Unemployment would not go above 8% if we passed it, and if we did NOT pass it, we ran the danger of unemployment hitting 9%.

The Stimulus Bill by Obama’s own numbers made it WORSE than if we did NOTHING.

as long as Government Health Care and Cap & Trade are on the horizon. Both entail higher costs, higher taxes, and increased regulations. No business owner is going to commit to increased labor costs with that much uncertainty in the immediate future, It just ain’t going to happen.

Given that small businesses account for between 50%-70% of new jobs, this will continue to be a jobless recovery, i.e., for those that are still determined to call it a recovery.

Given that Obama and Pelosi ran around last February chanting that “Jobs, Jobs, Jobs!” was their number one priority, it’s great timing that this report comes out the day before Pelosi tries to ram Obamacare through the House. It may scare off some wavering members who are on the fence.

President Barack Obama on jobs: ‘I won’t let up’

Please, let up; the country can’t stand anymore buffunery from you or your minions.

I can only imagine how much of a buffing and massaging the Obama Labor Department had to give the unemployment numbers just to keep them “officially” in single digits for this long. I have no doubt that the true adjusted rate has been well above 10% for some time now and that only now has it gone high enough that the administration is unable to maintain that lie anymore.

A few weeks ago I heard a local radio host who claimed that he had recalculated the unemployment numbers according to the way they were figured in 1960, which he says gave a more accurate picture of the true rate of joblessness. Maybe he knew what he was talking about and maybe he didn’t, but he claimed that according to his calculations the “real” unemployment rate was 23%.

INDEX WATCH…THE MISERY CREEP
The US Misery Index is now 9.6%…it was 8.51% in September…
cutting the demo-socialist Party some slack by starting in September…
after controlling congress since Jan. 2007…
they are nearing 3 years of making laws-spending. Look to democrats ALONE.
Misery Index for October 2009 (9.6%) = Unemployment rate (10.2%) + Inflation rate (-.6%)
If you search the Web…you will find that forecasts are for inflation to rise month after month…prediction is 0% for this month then on the rise.
Keep in mind demo-socialist J. Carter (21.98%) is the current recordholder for misery…as the demo-socialist Party gov-meant keeps wildly borrowing and vote buying we all know that produces a much HIGHER Misery Index.
We also know the next Socialist Party Phase is taxation.
Its simply what they do, what they believe in and what they will do again (while blameshifting-promising 24-7).
http://conservablogs.com/theconservativecrawfish