President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers Since 1933–14,700,000 Unemployed Americans Greater than 13,000,000 in 1933!

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obama_stink_eye

Beat It

 

http://www.youtube.com/watch?v=Uqxo1SKB0z8

 

UPDATED

 

Unemployment Numbers Higher Than Published.

 

Unemployment Skyrockets to 9.5 Percent

http://www.youtube.com/watch?v=ILBqeuIjRWk

 

Economic Expectations – Unemployment Rate May Reach 15% – Bloomberg

 

VP Joe Biden: Sorry America but “we misread how bad the economy was”

Labor Force Statistics from the Current Population Survey

 

Series Id:           LNS13000000
Seasonal Adjusted
Series title:        (Seas) Unemployment Level
Labor force status:  Unemployed
Type of data:        Number in thousands
Age:                 16 years and over
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 5976 6111 5783 6004 5796 5951 6025 5838 5915 5778 5716 5653  
2000 5708 5858 5733 5481 5758 5651 5747 5853 5625 5534 5639 5634  
2001 6023 6089 6141 6271 6226 6484 6583 7042 7142 7694 8003 8258  
2002 8182 8215 8304 8599 8399 8393 8390 8304 8251 8307 8520 8640  
2003 8520 8618 8588 8842 8957 9266 9011 8896 8921 8732 8576 8317  
2004 8370 8167 8491 8170 8212 8286 8136 7990 7927 8061 7932 7934  
2005 7759 7972 7740 7683 7672 7551 7415 7360 7570 7457 7541 7219  
2006 7020 7176 7080 7142 7028 7039 7167 7118 6874 6738 6837 6688  
2007 7029 6887 6737 6874 6844 7028 7128 7123 7221 7295 7212 7541  
2008 7555 7423 7820 7675 8536 8662 8910 9550 9592 10221 10476 11108  
2009 11616 12467 13161 13724 14511 14729              

 

Series Id:           LNS14000000
Seasonal Adjusted
Series title:        (Seas) Unemployment Rate
Labor force status:  Unemployment rate
Type of data:        Percent
Age:                 16 years and over
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 4.3 4.4 4.2 4.3 4.2 4.3 4.3 4.2 4.2 4.1 4.1 4.0  
2000 4.0 4.1 4.0 3.8 4.0 4.0 4.0 4.1 3.9 3.9 3.9 3.9  
2001 4.2 4.2 4.3 4.4 4.3 4.5 4.6 4.9 5.0 5.3 5.5 5.7  
2002 5.7 5.7 5.7 5.9 5.8 5.8 5.8 5.7 5.7 5.7 5.9 6.0  
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7  
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4  
2005 5.2 5.4 5.2 5.2 5.1 5.1 5.0 4.9 5.0 5.0 5.0 4.8  
2006 4.7 4.8 4.7 4.7 4.7 4.6 4.7 4.7 4.5 4.4 4.5 4.4  
2007 4.6 4.5 4.4 4.5 4.5 4.6 4.7 4.7 4.7 4.8 4.7 4.9  
2008 4.9 4.8 5.1 5.0 5.5 5.6 5.8 6.2 6.2 6.6 6.8 7.2  
2009 7.6 8.1 8.5 8.9 9.4 9.5  

 

“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government. “

~Thomas Jefferson
 

AP Interview: Obama on the Economy

 

In-Depth Look – Jobless Claims – Bloomberg

 

Unemployment Will Rise – Bloomberg

 

Two Guys in a Newsroom (July 2, 2009)

 

The US Government’s Bureau of Labor Statistics publishes several measures of the unemployment rates.

U-3 Total unemployed, as a percent of the civilian labor force is the rate most often cited on newscasts and articles.

In June the U-3 unemployment rate hit 9.5% with the total civialian labor force of about 155 million.

This means that there were about 14,700,000 unemployed Americans in June.

Unfortunately, U-3 actually understates the number of unemployed and those seeking a full time job.

A more meaningful number is U-6 for it includes the so-called marginally attached workers and those working part-time that want a full time job.

U-6 Total unemployed, plus all marginally attached workers and total employed part time for economic reason as a percent of the labor force hit 16.5%

This means that there were over 25 million Americans seeking a full time job from the total civilian labor force of just under 155 million.

This means that there are now over 12,000,000  more Americans seeking full time jobs that the worst year of The Great Depression, 1933, when there were about 13 million Americans unemployed.

Looks like President Obama will soon almost double FDR’s record of  13 million with over 26 million unemployed measured by the U-6.

Expect the number of uemployed measured by U-3 to exceed 15,000,000 in July with an unemployment rate at or near 10%.

I fully expect the U-3 unemployment rate to hit 13% by December  and the U-6 unemployment rate to go over 20%.

The recession will last at least another year based on the failed economic polices of President Obama.

President Obama–the Green President–will have a record of total failure surpassed only by President Franklin D. Roosevelt.

President Obama now owns the recession, soon to become a Depression when it should be rightfully named the Obama Depression or OD for short.

This will be shortly followed by rising inflation or price levels that should start by late 2010  or early 2011 at the latest.

The time is now to stop the failed irresponsible fiscal economic policies of  massive Government  spending and deficits to stimulate the economy.

President Obama’s economic policies are resulting in ten of millions of Americans being unemployed for a much longer time due to massive Government intervention into the economy that does not inspire business and consumer cofidence but fear of runnaway spending, taxes and inflation.

These policies did not work in Japan in the 1990s, Great Britain in the 1970s and the United States during the 1920s during the Great Depression.

 

Turning Japanese – Is the US Creating Its Own Lost Decade?

 

Milton Friedman explains role of gold in Great Depression

 

President Obama  has also proposed largest “hidden” tax increase in the history of the United States in a middle of a recession–the Cap and Trade Energy Tax that would wreck the US economy, destroy even more jobs and kill the American dream.

Time To Sound The Alarm: Call Your Representative and Senators–Cap and Trade Bill to be Voted in U.S. House on Friday–Kill The Cap and Trade Energy Tax Today! UPDATED

Only fools and Green Presidents do not learn from the mistakes of others.

The American people do not suffer fools and Presidents gladly when Presidential economic policies and Congressional laws are hurting their families, friends and community.

History will once again repeat itself when President Obama like Presidents  Herbert Hoover and Jimmy Carter before him becomes a one-term President for ignoring the will of the people.

Thank God for small miracles and the opportunity to vote out of office both Democrats and Republicans that voted for the massive bailouts, stimulus bills, and the largest tax increase in US history the Cap and Trade Energy tax. 

Our Economic Crisis — History Repeated?

 

federal_spending

 Stop Spending Our Future – The Crisis

 

Stop The Spending and Deficits

US Federal Government Deficits

defcits

 

Join the Second American Revolution

we_the_people

 

The Meaning of Independence Day

 

All Americans, especially those that are currently unemployed, are invited to attend an Ice Tea Party this Saturday to Celebrate Independence Day!

 

tea_parties

AFA Registered TEA Parties on July 4 now in 1425 Cities!

 

“The America’s Independence Day Tea Party Movement is a nationwide demonstration forum for any and all groups and individuals dissatisfied with the current governance of the United States, regardless of ideology, partisan identity, or political affiliation. On July 4th, 2009, we are asking Americans everywhere to re-declare our inalienable rights to Life, Liberty, and the Pursuit of Happiness.” 

 

Tea Party Movement

 

Find An Indpendence Day Tea Party Nearest You

http://www.teapartyday.com/Locations.aspx

http://www.reteaparty.com/teaparties/

 

The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Million In Washington D.C.!

 

The long countdown to launch continues–all cities are ready to go–no holds expected–1 day and counting…get ready for the  relaunch of the Second American Revolution:

 

Liberty Launch Countdown to The Celebration of Independence Day–Saturday, July 4, 2009–Ice Tea Party Time To Freeze Government Expenditures, Deficits, Debts and Taxes–Expect 30 Million Nationally in 1,000 Cities and Towns and 1 Million in Washington D.C.!

 

 Tea Party, Fourth of July, Washington DC

http://teapartywdc.ning.com/events/tea-party-fourth-of-july

http://teapartywdc.ning.com/

 

Independence Day Tea Party, Lansing, Michigan, 2009

 

Tea Party Patriots Invite Janeane Garofalo for America’s Tea Party on July 4, 2009!

 

Katrina Pierson – Dallas Tea Party – April 15, 2009

 

Independence Day Tea Party July 4th, 2009 @ White River State Park

 

We Will Rock You 

 

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them. “

~Thomas Jefferson

 

Background Articles and Videos

Find an Independence Day Tea Party

By Michelle Malkin 

“…If you’re looking to celebrate Independence Day with other freedom-loving, limited-government activists, go to Tea Party Patriots for a list of more than 600 Tea Parties scheduled this weekend and beyond.

I will be at the Dallas Tea Party at Southfork Ranch on Saturday for a huge shindig. More info here. …”

http://michellemalkin.com/2009/07/02/find-an-independence-day-tea-party/

 

THE EMPLOYMENT SITUATION:  JUNE 2009
                                  
   Nonfarm payroll employment continued to decline in June (-467,000),
and the unemployment rate was little changed at 9.5 percent, the Bureau
of Labor Statistics of the U.S. Department of Labor reported today. 
Job losses were widespread across the major industry sectors, with
large declines occurring in manufacturing, professional and business
services, and construction.

Unemployment (Household Survey Data)

   The number of unemployed persons (14.7 million) and the unemployment
rate (9.5 percent) were little changed in June.  Since the start of the
recession in December 2007, the number of unemployed persons has increas-
ed by 7.2 million, and the unemployment rate has risen by 4.6 percentage
points.  (See table A-1.)
  
   In June, unemployment rates for the major worker groups–adult men
(10.0 percent), adult women (7.6 percent), teenagers (24.0 percent),
whites (8.7 percent), blacks (14.7 percent), and Hispanics (12.2 per-
cent)–showed little change.  The unemployment rate for Asians was
8.2 percent, not seasonally adjusted.  (See tables A-1, A-2, and A-3.)
  
   Among the unemployed, the number of job losers and persons who com-
pleted temporary jobs (9.6 million) was little changed in June after
increasing by an average of 615,000 per month during the first 5 months
of this year.  (See table A-8.)
  
   The number of long-term unemployed (those jobless for 27 weeks or
more) increased by 433,000 over the month to 4.4 million.  In June, 3
in 10 unemployed persons were jobless for 27 weeks or more.  (See
table A-9.)

Table A-12. Alternative measures of labor underutilization

(Percent)

Not seasonally adjusted Seasonally adjusted

Measure

June May June June Feb. Mar. Apr. May June
2008 2009 2009 2008 2009 2009 2009 2009 2009

U-1 Persons unemployed 15 weeks or longer, as a percent
of the civilian labor force………………….. 1.8 4.6 4.8 1.9 3.4 3.7 4.0 4.5 5.1

U-2 Job losers and persons who completed temporary
jobs, as a percent of the civilian labor force…. 2.7 5.8 5.9 2.9 5.0 5.4 5.7 6.2 6.2

U-3 Total unemployed, as a percent of the civilian
labor force (official unemployment rate)………. 5.7 9.1 9.7 5.6 8.1 8.5 8.9 9.4 9.5

U-4 Total unemployed plus discouraged workers, as a
percent of the civilian labor force plus
discouraged workers…………………………. 6.0 9.5 10.1 5.9 8.5 8.9 9.3 9.8 10.0

U-5 Total unemployed, plus discouraged workers, plus
all other marginally attached workers, as a
percent of the civilian labor force plus all
marginally attached workers………………….. 6.7 10.3 10.9 6.6 9.3 9.8 10.1 10.6 10.8

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.. 10.3 15.9 16.8 10.1 14.8 15.6 15.8 16.4 16.5

NOTE: Marginally attached workers are persons who currently are neither working nor looking for work but indicate that they want and
are available for a job and have looked for work sometime in the recent past. Discouraged workers, a subset of the marginally attached,
have given a job-market related reason for not looking currently for a job. Persons employed part time for economic reasons are those
who want and are available for full-time work but have had to settle for a part-time schedule. For more information, see “BLS
introduces new range of alternative unemployment measures,” in the October 1995 issue of the Monthly Labor Review. Updated population
controls are introduced annually with the release of January data.

http://www.bls.gov/news.release/empsit.t12.htm

Labor Force Statistics from the Current Population Survey

 

Series Id:           LNS11000000
Seasonal Adjusted
Series title:        (Seas) Civilian Labor Force Level
Labor force status:  Civilian labor force
Type of data:        Number in thousands
Age:                 16 years and over
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 139003 138967 138730 138959 139107 139329 139439 139430 139622 139771 140025 140177  
2000 142267(1) 142456 142434 142751 142388 142591 142278 142514 142518 142622 142962 143248  
2001 143800 143701 143924 143569 143318 143357 143654 143284 143989 144086 144240 144305  
2002 143883 144653 144481 144725 144938 144808 144803 145009 145552 145314 145041 145066  
2003 145937(1) 146100 146022 146474 146500 147056 146485 146445 146530 146716 147000 146729  
2004 146842(1) 146709 146944 146850 147065 147460 147692 147564 147415 147793 148162 148059  
2005 148005(1) 148349 148366 148926 149273 149262 149445 149794 149977 150007 150095 150002  
2006 150148(1) 150600 150793 150906 151120 151398 151414 151762 151680 152027 152425 152677  
2007 153012(1) 152879 153004 152522 152759 153085 153101 152855 153424 153162 153877 153836  
2008 153873(1) 153498 153843 153932 154510 154400 154506 154823 154621 154878 154620 154447  
2009 153716(1) 154214 154048 154731 155081 154926              
1 : Data affected by changes in population controls.
Labor Force Statistics from the Current Population Survey

 http://data.bls.gov/cgi-bin/surveymost

Series Id:           LNS12000000
Seasonal Adjusted
Series title:        (Seas) Employment Level
Labor force status:  Employed
Type of data:        Number in thousands
Age:                 16 years and over
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 133027 132856 132947 132955 133311 133378 133414 133591 133707 133993 134309 134523  
2000 136559(1) 136598 136701 137270 136630 136940 136531 136662 136893 137088 137322 137614  
2001 137778 137612 137783 137299 137092 136873 137071 136241 136846 136392 136238 136047  
2002 135701 136438 136177 136126 136539 136415 136413 136705 137302 137008 136521 136426  
2003 137417(1) 137482 137434 137633 137544 137790 137474 137549 137609 137984 138424 138411  
2004 138472(1) 138542 138453 138680 138852 139174 139556 139573 139487 139732 140231 140125  
2005 140246(1) 140377 140626 141243 141600 141711 142029 142434 142407 142551 142555 142783  
2006 143129(1) 143424 143713 143763 144092 144358 144247 144644 144806 145289 145587 145989  
2007 145983(1) 145992 146267 145647 145915 146057 145972 145732 146203 145867 146665 146294  
2008 146317(1) 146075 146023 146257 145974 145738 145596 145273 145029 144657 144144 143338  
2009 142099(1) 141748 140887 141007 140570 140196              
1 : Data affected by changes in population controls.

http://data.bls.gov/cgi-bin/surveymost 

 

Seasonal Adjusted
Series title:        (seas) Total unemployed, plus all marginally attached workers plus total employed part time for economic reasons, as a percent of all civilian labor force plus all marginally attached workers
Labor force status:  Aggregated totals unemployed
Type of data:        Percent
Age:                 16 years and over
Percent/rates:       Unemployed and mrg attached and pt for econ reas as percent of labor force plus marg attached
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1999 7.7 7.7 7.6 7.6 7.4 7.5 7.5 7.3 7.4 7.2 7.1 7.1  
2000 7.1 7.2 7.1 6.9 7.1 7.0 7.0 7.1 7.0 6.8 7.1 6.9  
2001 7.3 7.4 7.3 7.4 7.5 7.9 7.8 8.1 8.7 9.3 9.4 9.6  
2002 9.5 9.5 9.4 9.7 9.5 9.5 9.6 9.6 9.6 9.6 9.7 9.8  
2003 10.0 10.2 10.0 10.2 10.1 10.3 10.3 10.1 10.4 10.2 10.0 9.8  
2004 9.9 9.7 10.0 9.6 9.6 9.5 9.5 9.4 9.4 9.7 9.4 9.2  
2005 9.3 9.3 9.2 9.0 8.9 9.0 8.8 8.9 9.0 8.7 8.7 8.5  
2006 8.4 8.5 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.0 7.9  
2007 8.3 8.1 8.0 8.2 8.3 8.3 8.3 8.5 8.4 8.5 8.4 8.7  
2008 9.0 9.0 9.1 9.2 9.8 10.1 10.4 10.9 11.2 12.0 12.6 13.5  
2009 13.9 14.8 15.6 15.8 16.4 16.5              

 

Measures of labor underutilization from the Current Population Survey

Working Paper 424,  March 2009

Steven E. Haugen, U.S. Bureau of Labor Statistics

“…It is estimated that in 1933, at the depth of the Great Depression, about 13 million
persons in the U.S. were unemployed, which translates into an unemployment rate of
about 25 percent.1 However, those estimates were not available at the time. Throughout
the Great Depression, there was little information on the extent of unemployment in the
country. More important, there was no good way to assess whether the situation was
getting better or worse. The wealth of timely statistical information on the labor market
that we now take for granted simply didn’t exist.”  …”

http://www.bls.gov/osmr/pdf/ec090020.pdf

 

Great Depression
by Gene Smiley

“…A worldwide depression struck countries with market economies at the end of the 1920s. Although the Great Depression was relatively mild in some countries, it was severe in others, particularly in the United States, where, at its nadir in 1933, 25 percent of all workers and 37 percent of all nonfarm workers were completely out of work. Some people starved; many others lost their farms and homes. Homeless vagabonds sneaked aboard the freight trains that crossed the nation. Dispossessed cotton farmers, the “Okies,” stuffed their possessions into dilapidated Model Ts and migrated to California in the false hope that the posters about plentiful jobs were true. Although the U.S. economy began to recover in the second quarter of 1933, the recovery largely stalled for most of 1934 and 1935. A more vigorous recovery commenced in late 1935 and continued into 1937, when a new depression occurred. The American economy had yet to fully recover from the Great Depression when the United States was drawn into World War II in December 1941. Because of this agonizingly slow recovery, the entire decade of the 1930s in the United States is often referred to as the Great Depression. …”

“…It is commonly argued that World War II provided the stimulus that brought the American economy out of the Great Depression. The number of unemployed workers declined by 7,050,000 between 1940 and 1943, but the number in military service rose by 8,590,000. The reduction in unemployment can be explained by the draft, not by the economic recovery. The rise in real GNP presents similar problems. Most estimates show declines in real consumption spending, which means that consumers were worse off during the war. Business investment fell during the war. Government spending on the war effort exceeded the expansion in real GNP. These figures are suspect, however, because we know that government estimates of the value of munitions spending, to name one major area, were increasingly exaggerated as the war progressed. In fact, the extensive price controls, rationing, and government control of production render data on GNP, consumption, investment, and the price level less meaningful. How can we establish a consistent price index when government mandates eliminated the production of most consumer durable goods? What does the price of, say, gasoline mean when it is arbitrarily held at a low level and gasoline purchases are rationed to address the shortage created by the price controls? What does the price of new tires mean when no new tires are produced for consumers? For consumers, the recovery came with the war’s end, when they could again buy products that were unavailable during the war and unaffordable during the 1930s. …”

http://www.econlib.org/library/Enc/GreatDepression.html

 

Bureau of Labor Statistics

  1. How the Government Measures Unemployment (PDF)
  2. Why does the Government collect statistics on the unemployed?
  3. Where do the statistics come from?
  4. What are the basic concepts of employment and unemployment?
  5. Who is counted as employed?
  6. Who is counted as unemployed?
  7. Who is not in the labor force?
  8. What about cases of overlap?
  9. Where can people find the data?
  10. How are seasonal fluctuations taken into account?
  11. Is there only one official definition of unemployment?
  12. What other information is collected in the CPS?
  13. How is unemployment measured for States and local areas?
  14. Where can people get more information?
  15. What do the unemployment insurance (UI) figures measure?

http://www.bls.gov/cps/cps_htgm.htm

 

The Great De[ression

The Great Depression was a worldwide economic downturn starting in most places in 1929 and ending at different times in the 1930s or early 1940s for different countries.[2] It was the largest and most important economic depression in the 20th century, and is used in the 21st century as an example of how far the world’s economy can fall.[3] The Great Depression originated in the United States; historians most often use as a starting date the stock market crash on October 29, 1929, known as Black Tuesday.

The depression had devastating effects in virtually every country, rich or poor. International trade plunged by half to two-thirds, as did personal income, tax revenue, prices and profits. Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming and rural areas suffered as crop prices fell by roughly 60 percent.[4][5][6] Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as farming, mining and logging suffered the most.[7] However, even shortly after the Wall Street Crash of 1929, optimism persisted; John D. Rockefeller said that “These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again.”[8]

The Great Depression ended at different times in different countries; for subsequent history see Home front during World War II.[9] The majority of countries set up relief programs, and most underwent some sort of political upheaval, pushing them to the left or right. In some states, the desperate citizens turned toward nationalist demagogues—the most infamous being Adolf Hitler—setting the stage for World War II in 1939.

The Great Depression was triggered by a sudden, total collapse in the stock market. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929.[10] Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the summer of 1930.

In early 1930, credit was ample and available at low rates, but people were reluctant to add new debt by borrowing.[citation needed] By May 1930, auto sales had declined to below the levels of 1928. Prices in general began to decline, but wages held steady in 1930, then began to drop in 1931. Conditions were worse in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the US economy was the factor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot-Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade. By late in 1930, a steady decline set in which reached bottom by March 1933. …”

http://en.wikipedia.org/wiki/Great_Depression

 

467K jobs cut in June; jobless rate at 9.5 percent

“…WASHINGTON – Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy’s road to recovery will be bumpy.

The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on solid ground.

President Barack Obama, in an interview with The Associated Press, said he is “deeply concerned” about unemployment and conceded that too many families are worried about “whether they will be next” to suffer an economic blow. He also expressed disappointment over the weak employment figures, acknowledging that “what we are still seeing is too many jobs lost.”

June’s payroll reductions were deeper than the 363,000 that economists expected and average weekly earnings dropped to the lowest level in nearly a year.

However, the rise in the unemployment rate from 9.4 percent in May wasn’t as sharp as the expected 9.6 percent. Still, many economists predict the jobless rate will hit 10 percent this year, and keep rising into next year, before falling back.

All told, 14.7 million people were unemployed in June.

If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.5 percent in June, the highest on records dating to 1994. …”

http://news.yahoo.com/s/ap/us_economy

 

New unemployment numbers: Quick, blame Bush!
By Michelle Malkin

“…Waiting for “we inherited this” spin from the White House…

Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy’s road to recovery will be bumpy.
The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of hiring until they feel certain the economy is on solid ground.

June’s payroll reductions were deeper than the 363,000 that economists expected.

However, the rise in the unemployment rate from 9.4 percent in May wasn’t as sharp as the expected 9.6 percent. Still, many economists predict the jobless rate will hit 10 percent this year, and keep rising into next year, before falling back.

All told, 14.7 million people were unemployed in June.
Via AP. …”

http://michellemalkin.com/2009/07/02/new-unemployment-numbers-quick-blame-bush/

 

Leonard Silk Nov 1985 Air date You Tube Compression

 

 

US Unemployment Rise Pauses

 

In-Depth Look – Wall Street Job Picture – Bloomberg

 

Obama’s Far-Left Calling People to Arms—Glenn Beck’s ‘One Thing’

 

STS-115 Atlantis long countdown to launch

 

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Thomas Sowell and Conflict of Visions–Videos

Thomas E. Woods, Jr.–Videos

The American People Celebrate Independence Day–Saturday, July 4, 2009–By Marching in 1000 Cities and Towns and Attending Ice Tea Parties To Freeze Federal Government Spending, Taxes and Deficits–30 Million Expected Nationally–1 Million In Washington D.C.!

Independents Lead The The Second American Revolution Surge–Independence Day–Saturday July 4, 2009 In Washington D.C.–Tea Party Time–On To Washington–Dare You To Move!

Glenn Beck Listens To Tea Party Americans–Videos 

President Obama’s Cloward-Piven Strategy of Controlled Crisis Creation Crippling Capitalism–Coup D-Etat On America

United States Economic Depressions–The Good, The Bad, and The Ugly–Obama’s Depression–Over 15,000,000 Americans Seek Full Time Job!

The Obama Depression (OD) Starts July 4, 2009–30 Million Americans March To Tea Parties In Washington D.C. and Over 1,000 Cities and Towns Across America!

Operation Family Freedom (OFF): Millions Celebrate Washington Fair, Saturday, July 4, 2009–The Second American Revolution

Formerly Silent Majority Shoutout–We Are Coming For You–To Washington D.C.–Saturday, July 4, 2009–Tea Party Time!


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26 Responses to “President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers Since 1933–14,700,000 Unemployed Americans Greater than 13,000,000 in 1933!”

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[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]

[…] President Barack Obama Beats It–President Franklin Roosevelt Record–Worse Unemployment Numbers S… […]


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