Mission Not Accomplished: U.S. Unemployment Reaches 9.8%

Friday, December 3, 2010

The U.S. economy added fewer jobs than economists expected in November as the national unemployment rate rose to 9.8%, dashing hopes that the recovery is gaining momentum.

U.S. unemployment rate has now been above 9% since May 2009, or 19 months. This matches the longest stretch at such an elevated level since the Second World War.

In the previous deep recession of the early 1980s, the jobless rate crept to 9% in March 1982 and remained above that mark until September 1983.

According to a report in the New York Times, the longer people remain unemployed, the more trouble they have finding new work.

That is a fact of life in Europe, with its underclass of permanently idle workers, knows all too well. But it is a lesson that the United States seems to be just learning.

So the legions of long-term unemployed American workers will probably remain unemployed significantly longer than their counterparts in past recessions, reducing their chances of eventually finding a job even when the economy recovers.

This entry was posted in News, President Barack Obama, U.S. Economy, Worst President Ever and tagged , , , , . Bookmark the permalink.

15 Responses to Mission Not Accomplished: U.S. Unemployment Reaches 9.8%

  1. DMason says:

    In California, real unemployment is 22%. If we had 9.8% unemployment it would be a huge improvement. What’s clear to me is, President Obama doesn’t have a clue about how to fix the jobs problem. No wonder he left for Afghanistan today. He’s a bumbler and a fool.

  2. Jim says:

    This will end the strength of the US, not some vague terrorist threats.

  3. Woodcliffe says:

    We need to add 500,000 jobs a month to make a dent in the unemployment problem and this is a conservative estimate.

    We also need to force China to open their doors to American goods. As it stands, they’re not interested in anything we make. Our trade imbalance with China is shocking and Obama is such a narcissist that he thought he could charm Beijing into doing what he wanted.

    Sorry Charlie, or sorry Barack, but that isn’t how the world works. China ain’t your grandparents. They don’t automatically think you’re darling.

  4. Carpe Diem says:

    Did you fine folks have misfortune of hearing the president today during his “surprise” appearance in Afghanistan at Camp Freedom?

    Were it not for the visual confirmation I was watching an African American man speak, I swear I was listening to George W. Bush. His nuance, syntax and pronunciation was downright Bush-like. What happened to him? Did someone tell Obama he would gain credibility if he sounded more like a hillbilly?

  5. Estacada says:

    Carpe Diem – Oh brother! God, I’m soooooooooo glad I didn’t see this!

    I tell you, Obama is turning out to be a character in Kabuki theater.

  6. Randy Arroyo says:

    I turned the channel when Obama came on the TV. All I need to know is this. Since taking office 23 months ago, the Obamas administration has tripled the number of US troops in Afghanistan to roughly 100,000. All of this would be horrific enough were it not for the fact he appointed the Cat Food Commission to cut benefits for the oldest and the sickest Americans so he could transfer the savings to his crazed Empire effort. Say what you will but I am convinced if Israel and the Saudis go to war against the Sharia state of Iran, the US will enter into the conflict and we will have WWIII. I hope Obama is impeached before this is allowed to happen but I am very worried about this happening.

  7. Arizona Leatherneck says:

    My niece has been unemployed for a year. She has a college degree and experience but when her company downsized and relocated jobs to India, her services weren’t needed.

    She’s thinking of going back to school to become a registered nurse or a occupational sports therapist. It’s sad to see someone under the age of 30 who is already beat down my forces she had nothing to do with.

    People like my niece are the Americans President Obama forgets about because they vote. Especially, if they’re angry and feel abandoned by their president.

  8. Tim Waters says:

    The Great Appeaser is killing us slowly. I’m sure he’s a good man but he’s a lousy President. He hasn’t a clue and he’s wasted such a chance to shine.
    My opinion is we need someone to run against him in the primary.
    I’d suggest someone who we’d have to recruit. I want know one who has designs on the Office. That person would already be corrupt. I’m thinking most are hating politicians right about now.

  9. fran says:

    You know these statistics are doctored, right? They are only counting active, unemployed/registered people. They do not count those that have been unemployed more than 99 weeks. Or those who took part time work (maybe two or more part time jobs) & are now considered “employed” but not employed enough to have a living wage (thus the 2 or more jobs), or to have health insurance benefits…. yet they are technically “employed” underemployed would be the more accurate classification. Those who gave up, or continue to search 2 or more years later, are not in the system & not counted.
    Ask any local food bank if they are struggling with more demand than product. Check w any social services agencies.
    We are in deeper trouble than we think.

  10. Marcus Ybanez says:

    What was missing from the bailout of Wall Street and the Banks was a requirement that 1.): they begin to lend to small business and, 2.): to qualified borrowers seeking to buy a house. None of this was in place and as a result, the Banks and Wall Street firms find themselves now in a unique position. They’re sitting on trillions of dollars they lend to the federal government.

    Add to this the debt to China — now close to $1 trillion and the ever-present trade imbalance and it’s little wonder business won’t hire Americans workers.

    Another way to look at it is this. The US government is basically paying Big Business not to expand their payroll logs. Big Business is fat and sassy courtesy of the American tax payers and our elected lawmakers.

  11. Bill Hussein O'Reilly says:

    According to White House press secretary Robert Gibbs, Mr. Obama took responsibility for the partisan tone in Washington DC.

    “The president acknowledged he needed to do better,” said Gibbs.

    I agree. He needs to get the hell up off his knees and stop fellating the GOP.

  12. feminazi says:

    I remember once hearing someone say (and I’ll paraphrase) that without a large, viable middle class, America can’t survive. I heard this and it didn’t resonate to me but now, with grinding unemployment, apparently with us for the foreseeable future, and our elected representatives pushing Obama to make tax cuts for the rich permanent, those words about the middle class have never rang truer. I know this sounds selfish but I’m glad I’m old and I will be gone before it all collapses in a thundering crash.

  13. Greg Equality Lengkong says:

    I almost feel sorry for President Obama.

    He reminds me of a lamb before the slaughter. He’s so naive and timid and has no concept of the deep knives his opponents are ready to impale him with as he skips down the metal chute toward the meat truck.

  14. Smooch says:

    Obama needs to learn to Republicans aren’t his friends.

    He’s an approval seeking kinda’ president but his “friends across the aisle” are committed to destroying him, his presidency and blocking his agenda. This is their reason for existence.

    Wake up, Obama. The clock is running out.

  15. Obama is not naive. He’s not stupid. He’s not weak. He’s just doing his masters’ work, like W. His cover is his alleged weakness/spinelessness/stupidity, all of which his fanbots are willing to forgive . He’s fine. His kids will never wont for a fucking thing. I wonder what pre-compromise he is going to offer in the SOTU address? If it’s throwing SS under the bus (this after the Catfood Commission miraculously died) or lauding the extension of the Bush tax cuts at every income level, I think even his loyal ass lickers might pause. Some might even howl. He doesn’t care. Probably doesn’t want a second term. There’s money to be made.

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