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Jobless rates jump! Where is that recovery?

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Some grim economic news out today from the federal government about the number of Americans out of work. The federal data shows the unemployment rate continues to rise despite reports from some experts that the recovery from this dreaded recession is underway.

The California jobless rate rose from 11.9% to a record high of 12.2% in August, according to the U.S. Bureau of Statistics. The golden state is not so bright for more than 12,000 of its workers who lost their jobs last month and thousands of job seekers who were looking and didn’t find work.

In Michigan unemployment jumped to 15.2%, the highest in the country. Nationally, the unemployment rate creeped up from 9.4% to 9.7%. Here locally, in the Los Angeles/Long Beach/Glendale area, the rate hit 12.3%. A radio announcer reacted to the new stats today by saying, “If you’re unemployed, the rate is 100%.” Grim, but true.  

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13 Responses to Jobless rates jump! Where is that recovery?

  1. the Duck Friday, September 18, 2009 at 1:13 pm #

    To answer your question THERE IS NO RECOVERY. There are those who have gotten big bail outs and the rest of us stuck paying for it.

    Just think about it unemployment is California was at 4.9% in 2006 and rose to 5.4% in 2007 by 2008 it was at 7.2%. Did you think that was bad ? Well it was about to get a whole lot worse.

    Billions of debt for bail outs in 2009 and it rises to a wopping 12.1% and the year is not over so it just may reach at least 13% before this year is over. Source of figures can be found http://en.wikipedia.org/wiki/California_unemployment_statistics

  2. the Duck Friday, September 18, 2009 at 1:20 pm #

    Hey President Obama and his advisors say the recession is over, SAY WHAT ?
    http://www.cbn.com/cbnnews/politics/2009/September/Obama-Says-Econ-on-the-Rebound-Credits-Stimulus/

  3. Gonzalez Friday, September 18, 2009 at 1:22 pm #

    The only people getting raises are government employees and the rest of us struggle to pay for it. Things have never ever been this bad.

  4. Fronnie Friday, September 18, 2009 at 1:49 pm #

    I agree things are really bad. Not only is unemployment going up, but so are the prices of necessities like food and gasoline. Almost everyone is struggling now.

  5. Snoopy Friday, September 18, 2009 at 3:45 pm #

    Fronnie,

    The prices of ‘necessities’ are on the rise due to government fees and taxation being on the rise. Take one example of how we only raise fees and taxes on the rich, the California VLF tax.

    This is the tax we all pay each year for that great little sticker that we dutifully place on our license plate.

    The cost of that sticker is based on value of the vehicle. So we are told drive an expensive car and you pay more, sorry it really is NOT as simple as that. Imagine the value of a refrigerated tractor truck trailer that keeps the milk, chees and meat fresh on it’s long jourtney to the supermarket.

    So double the VLF fee and those fleets of tractor trucks used by supermarkets get quite a large increase due to their value. So who pays that tax in reality ? The people who happen to eat food, as it becomes part of the cost of doing business and gets passed onto the price of food. Since when do only the rich and wealthy eat food ?

    Who says we only tax the rich and who says we don’t tax food, when you look closely we tax everything and we do it more than a few times in what I will call hidden taxation. Each one of these hidden taxes and fees increases the price of the essential item, and in the end the poor can afford less and less as the dollar shrinks under over taxation.

  6. responsibility Friday, September 18, 2009 at 4:16 pm #

    Actually, I think the unemployment figures are higher than what we’re being told. When individuals fall off the unemployment rolls, they are no longer counted. Since the recession (I’d call it more of a depression) started in 2007, just think of how many people who lost their jobs at that time are no longer eligible for unemployment, are homeless or if they are working they are getting less money than they received on their last job or working part-time as opposed to the full-time job they just lost.

  7. Arman Friday, September 18, 2009 at 4:21 pm #

    People have lost their homes and jobs while millions get given to groups like Acorn. A low cost housing sham that finds homes for teen prostitution businesses ?
    http://www.cbsnews.com/video/watch/?id=5313958n

  8. Snoopy Friday, September 18, 2009 at 4:43 pm #

    I concur with your suspicions, the facts and figures that are relied on are flawed and many have already run out of even the extended unemployment benifits.

    Once off the rolls of eligibility a person falls off the figures, regardless of whether they have found a job or not. At that point the person becomes one of the forgotten, it truely is like out of sight, out of mind.

  9. Fronnie Friday, September 18, 2009 at 9:44 pm #

    I agree, the jobless rate is probably higher than the government figures. Still, no matter how much the experts point to signs of a recovery in other areas of the economy, until the job picture improves significantly the public is not going to buy into it.

  10. Eddie Saturday, September 19, 2009 at 4:25 pm #

    The unemployment rate more or less says it all about the economy no matter what politicans may try to claim.

    Facts are facts, if all this stimulus crap worked we would not be looking at rising unemployment. Question is where is the stimulus money. Who got it and where did they stick it ? My favorite answer is the one that with a straight face says unemployment would be higher without the stimulus. Don’t forget President Obama warned of 8% unemployment without the stimulus, so with it we reach 12% some success if you ask me.

  11. Fronnie Sunday, September 20, 2009 at 2:37 am #

    I hear ya, Eddie. Where is that stimulus money and those thousands of jobs it was supposed to create?

  12. Johnny Tuesday, September 22, 2009 at 1:23 pm #

    The jobs were created, but they are in China!

  13. Marvin Hoagberg Thursday, January 21, 2010 at 11:16 pm #

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