{"id":2813,"date":"2009-10-02T14:42:36","date_gmt":"2009-10-02T18:42:36","guid":{"rendered":"http:\/\/www.jasetaro.com\/blog\/?p=2813"},"modified":"2009-10-02T17:39:34","modified_gmt":"2009-10-02T21:39:34","slug":"unemployment-climbs-to-9-8","status":"publish","type":"post","link":"https:\/\/www.jasetaro.com\/blog\/2009\/10\/02\/unemployment-climbs-to-9-8\/","title":{"rendered":"Unemployment Climbs to 9.8%"},"content":{"rendered":"

If there’s a silver lining in the September Jobs report<\/a> I can’t find it:<\/p>\n

U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery.<\/p>\n

The Labor Department said the unemployment rate was the highest since June 1983 and payrolls had now dropped for 21 consecutive months.<\/p>\n

Analysts polled by Reuters had expected non-farm payrolls to drop 180,000 in September and the unemployment rate to rise to 9.8 percent from 9.7 percent the prior month. The poll was conducted before reports, including regional manufacturing surveys, showed some deterioration in employment measures.<\/p>\n

The government revised job losses for July and August to show 13,000 more jobs lost than previously reported. Preliminary annual benchmark revisions, released together with September’s employment report showed that total non-farm payroll employment for March would have to be revised down about 824,000.<\/p><\/blockquote>\n

There’s really no good news here… In previous months there have been little signs of hope but there aren’t any this month. Everything, hours worked, weekly wages etc. are head down. The only thing going up is unemployment. In fact the male unemployment rate at\u00a0its highest level since the Great Depression! <\/span><\/p>\n

Truth be told it’s worse than you think when you add in <\/span>laid-off workers who have settled for part-time work or who have given up looking for work, the unemployment rate is 17 percent<\/a>.<\/p>\n

You see the raw data here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

If there’s a silver lining in the September Jobs report I can’t find it: U.S. employers cut a deeper-than-expected 263,000 jobs in September, lifting the unemployment rate to 9.8 percent, according to a government report on Friday that fueled fears the weak labor market could undermine economic recovery. The Labor Department said the unemployment rate […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[26],"tags":[27,706],"class_list":{"0":"post-2813","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"tag-recession","8":"tag-unemployment","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfpI7-Jn","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3156,"url":"https:\/\/www.jasetaro.com\/blog\/2010\/01\/08\/december-unemployment-holds-steady-at-10-percent\/","url_meta":{"origin":2813,"position":0},"title":"December Unemployment Holds Steady at 10 Percent","author":"Jeff","date":"January 8, 2010","format":false,"excerpt":"I'm looking for good news in the December Jobs Report, but I can't find any... From Reuters: U.S. employers cut 85,000 jobs in December, confounding expectations the labor market was finally stabilizing and piling pressure on President Barack Obama to spur job growth. Unemployment, which held steady at 10 percent,\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2960,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/11\/06\/ouch-unemployment-climbs-to-10-2\/","url_meta":{"origin":2813,"position":1},"title":"Ouch: Unemployment Climbs to 10.2%","author":"Jeff","date":"November 6, 2009","format":false,"excerpt":"Ouch, unemployment climbed to a 26 year high in October as as more than 558,000 Americans lost their jobs in October: In another sign that workers are being left out of the budding economic recovery, the U.S. unemployment rate climbed to 10.2% in October, topping the 10% mark for the\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2578,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/08\/08\/unemployment-rate-falls-to-9-4-sort-of\/","url_meta":{"origin":2813,"position":2},"title":"Unemployment Rate Falls to 9.4%… Sort of…","author":"Jeff","date":"August 8, 2009","format":false,"excerpt":"From Reuters: The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, providing the clearest sign yet that the economy was turning around. Employers shed 247,000 jobs in July, the Labor Department said Friday, the least in any\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4503,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/07\/06\/awful-unemployment-remains-at-8-2-in-june-just-80000-jobs-added\/","url_meta":{"origin":2813,"position":3},"title":"Awful: Unemployment Remains At 8.2% in June; Just 80,000 Jobs Added","author":"Jeff","date":"July 6, 2012","format":false,"excerpt":"From MarketWatch: The U.S. created just 80,000 jobs in June as hiring slowed dramatically in the second quarter, confirming that the economy has hit another rough patch. The unemployment rate was unchanged at 8.2%, the Labor Department said Friday. The disappointing employment report adds to fresh worries about the U.S.\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4617,"url":"https:\/\/www.jasetaro.com\/blog\/2012\/09\/07\/awful-u-s-added-96000-jobs-in-august-unemployment-rate-fell-to-8-1\/","url_meta":{"origin":2813,"position":4},"title":"Awful: U.S. Added 96,000 Jobs in August; Unemployment Rate Fell to 8.1%","author":"Jeff","date":"September 7, 2012","format":false,"excerpt":"From MarketWatch: Nonfarm payrolls grew by a seasonally adjusted 96,000 in August, well below estimates and down from a respectable 141,000 jobs in July. The payrolls growth came in weaker than the 125,000 increase expected by economists surveyed by MarketWatch. The nation\u2019s unemployment rate fell to a seasonally adjusted 8.1%,\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2452,"url":"https:\/\/www.jasetaro.com\/blog\/2009\/07\/02\/unemployment-climbs-to-9-5-percent\/","url_meta":{"origin":2813,"position":5},"title":"Unemployment Climbs to 9.5 Percent","author":"Jeff","date":"July 2, 2009","format":false,"excerpt":"Unemployment climbed to its highest level in 26 years rising to 9.5 percent in June. All told, 14.7 million people were unemployed in June: WASHINGTON (Reuters) - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years,\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/www.jasetaro.com\/blog\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/comments?post=2813"}],"version-history":[{"count":0,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/posts\/2813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/media?parent=2813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/categories?post=2813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.jasetaro.com\/blog\/wp-json\/wp\/v2\/tags?post=2813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}