Unemployment in U.S. Jumps to 10.2% »
Posted By Hhussk 2 weeks, 3 days ago in Political NewsThe unemployment rate in the U.S.
soared to a 26-year high of 10.2 percent in October and
employers cut more jobs than forecast, underscoring why Federal
Reserve policy makers say interest rates will remain low until
the labor market recovers.
Read Full Story at bloomberg.com »
58 Views Share Story 8 Comments Report
Submitted By:
Hhussk
I am a conservative. A supporter of national defense, I have a previous military record with commendations under combat situations. Although I am now a ...
RSS Join the Discussion
+ Add CommentComments So Far: 8 (view all)
-
-
-
-
57%
engineer2 weeks, 3 days ago
This comment is below the standard viewing threshold View It »
Nothing will change until the jobs are brought back and the wealthy pay their fair share. The income gap in the US is number 3 in the world - not a position we should be known for. The execs have obscene compensation, making the rest of the Americans suffer for their greed
Reply-
50%
william-sire2 weeks, 3 days ago
This comment is below the standard viewing threshold View It »
"Nothing will change until the jobs are brought back and the wealthy pay their fair share.”
Reply
And these two go together how? What jobs do you want "brought back?”
"The income gap in the US is number 3 in the world - not a position we should be known for.”
And the freedom we have is the greatest. Perhaps it may be our choices that create that income gap. What would you rather have? The certainty of a good income from going to college, working hard saving you money and being responsible, or spend your time smoking dope sucking cocaine up your nose, producing babies with no means to support them, etc etc? There is a reason some have done so well and some have not. To ignore the realistic reasons for it while trying to garnish sympathy by labeling successful people as greedy is shallow and a failure.
"The execs have obscene compensation, making the rest of the Americans suffer for their greed”
Become an executive yourself and be a compassionate one.
-
-
50%
NoWayMan2 weeks, 3 days ago
This comment is below the standard viewing threshold View It »
we still have much to do and a ways to go.
Reply
but what'd you all expect? it took us eight years to get into a hole this deep. its going to take awhile to get out of it. more than 10 months, thats for sure.
and, some context...
from Obama's first full month in office (february) until now, unemployment has gone up 2.1%
during the last year of bush's presidency until Obama took over (from feb. 2008 thru jan. 2009), unemployment went up 2.8%
and since all the other economic indicators look MUCH better today than they did in 2008...
doh!! -
50%
TOD3962 weeks, 3 days ago
This comment is below the standard viewing threshold View It »
"during the last year of bush's presidency until Obama took over (from feb. 2008 thru jan. 2009), unemployment went up 2.8%"
Reply
Look's to me like Bush did a lttle better than obie, considering Bush didn't throw around 878 Billion to artificially keep unemployment numbers down.
More News
The Huffington Post
Bernard-Henri Lévy: Jean-Baptiste Descroix-Vernier, Nietzsche, and the Rioters
Huff TV: Arianna Discusses Senate Health Care Reform On Countdown With Keith Olbermann
Lynda Obst: Cindy Hampton: Time To Tell All
Jeff Ma: Splitting 10s With Belichick
Arianna Huffington: Will The Unemployment Disaster Be Obama's Katrina?
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.