November 6, 2009

Going Up! The Unstimulating Stimulus Continues to Work Its Magic

Sane people know that unemployment has been above 10% for months,** but there comes a time when it is so bad for so long that not even "the most powerful man on Earth" can keep the number hidden. Drudge doesn't sugar coat it.


And this handy chart puts the real effect of the "Stimulus" in perspective.


All of which you can pretty much predict when most of the "jobs created" have been inside a government whose new slogan has to be:

"At General Obama Progressivism is Our Most Important Product"

** The unemployment rate has hit double digits for the first time since 1983 -- and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing. The rising jobless rate could threaten the recovery if it saps consumers' confidence and makes them more cautious about spending as the holiday season approaches. The October unemployment rate -- reflecting nearly 16 million jobless people -- jumped from 9.8 percent in September, the Labor Department said Friday. The job losses occurred across most industries, from manufacturing and construction to retail and financial. --Jobless rate tops 10 pct. for first time since '83 - Yahoo! Finance

Posted by Vanderleun at November 6, 2009 2:23 PM
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"It is impossible to speak in such a way that you cannot be misunderstood." -- Karl Popper N.B.: Comments are moderated and may not appear immediately. Comments that exceed the obscenity or stupidity limits will be either edited or expunged.

Everything is going right on schedule.

Frank would be proud.

Posted by: TmjUtah at November 6, 2009 4:49 PM

U-6 Total unemployed, plus all marginally attached workers, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all marginally attached workers

Seasonally adjusted:
10/08 - 12.0%
06/09 - 16.5%
07/09 - 16.3%
08/09 - 16.8%
09/09 - 17.0%
10/09 - 17.5%

Posted by: Fat Man at November 6, 2009 5:32 PM


Left out the source:
Table A-12. Alternative measures of labor underutilization

Posted by: Fat Man at November 6, 2009 5:34 PM

Somebody ought to remind Nancy "Einstein" Pelosi that unemployed people don't, can't, and won't pay taxes to pay for her SuperFantabulisticPelosiCare!

Oh yeah, that's right: I'm sure Queen Nancy is even now figuring out new ways to squeeze blood out of turnips.

"Will no one rid us of this turbulent Speaker?"

Posted by: MarkJ at November 6, 2009 11:32 PM