Troubling Jobless Number

NEW YORK -- For people looking for a bright spot in October's unemployment report, there's this: most of the decline in jobs was accounted for by teenagers and the self-employed.

That means employed adults are mostly holding their own, but it's the first employment report in 26 years that puts the rate in double digits.

With the rate at 10.2 percent, Standard and Poor's chief economist David Wyss says the amount of time workers are spending between jobs is troubling, because it continues to rise.

And the average work week remains at around 33 hours.

The unemployment did edge downward for college graduates, from four-point-nine percent to four-point-seven.

Stock prices rose Friday, despite the surge in unemployment.

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  • by Cactus Location: Strabane on Nov 7, 2009 at 05:13 PM
    OK, so we don't have jobs, how will we pay for obamacare, and how will we pay the fine if we don't sign up for obamacare. obama get off you butt and help with jobs. We don't want hand outs from the "gubment", most of us would rather work. The campaign days are over, now do your job as president. Your lack of action is not Bush's fault. You did not inherit the presidency, you ran for and accepted, now get off your butt and go to work. (Are you over your head????)
  • by PUREBREAD Location: Creswell on Nov 7, 2009 at 03:48 PM
    Unemployment is Unemployment.Why does the media try to spend this.Things dont get better by being optimistic.They get better by being realistic.HOPE and WISHING dont CHANGE a thing.Look at these last three words I capitalized please everybody.This is what the PREZ run on.And WiZe one if you read this I'm PURE BREAD becuase I am Plain and Simple.
  • by pete Location: grifton on Nov 7, 2009 at 02:25 PM
    I am sure these figures don't include those who have given up finding a job and the true figure is almost's like surveys the end result depends on which group is doing the survey.Garbage in Garbage out.
  • by Chris Location: Greenville on Nov 7, 2009 at 12:39 PM
    Hey O-bama ....Where is my "40 acres and a mule"?? Ooh, I mean my "green job and stimulus money"

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