Home > Economy, News, Obama > Jobless Rate Climbs to 9.8 Percent in September… or 17% if we actually count everyone.

Jobless Rate Climbs to 9.8 Percent in September… or 17% if we actually count everyone.

Way to go Obama.  I thought the Stimulus bill was going to fix all this and save us all.

Oh, sorry.  You “saved” millions of jobs.  I forgot.

The unemployment rate rose to 9.8 percent in September as employers cut far more jobs than expected, evidence that the longest recession since the 1930s is still inflicting widespread pain.

The official jobless rate stopped short of topping 10 percent only because the Labor Department doesn’t count people who have given up looking for work or settled for part-time jobs.

More than a half-million unemployed people gave up looking for work last month. If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.

Jobless Rate Climbs to 9.8 Percent in September – Political News – FOXNews.com

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