Why a Rising Unemployment Rate is Good News

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The prooblem is not only the lack of jobs but companies continue to layoff with massive cuts as more and more jobs continue to head overseas. There are very few entry level jobs left in the United States. For every job that goes overseas, that's one less person that has money to buy a new car, or perhaps your home, or cable tv, or a cell phone, or buy the newspaper, or go to the mall and shop, or go out to eat, or pay taxes to the government! When jobs are lost everyone is affected. Just because unemployment is sky high doesn't mean the economy is turning around.

Rick of FL 10:12AM July 23, 2011

Yes as I read in one of the blog http://www.mikeastrachan.com/ there was a contradiction between household survey and payroll survey. According to payroll survey it is said that there is decrease in employment rate but just opposite in household survey. Unemployment rate is decreasing is some way or other.

Nikki of AL 8:55AM December 01, 2010

A Depression is not measured by the GDP or the level of the stock market. If you check these charts from the 1929 Depression (1929-1945) you will see that
after a short periiod of time (1929-1932) they did recover. But they wealth of the
general population was in decline. Which is the situation here. Multi-national corporations are doing just fine. They have at least one trillion dollars in savings
while America's citizens are broke and struggling. The value of their largest investment, home, have lost 30-40% of it's value and there is a job shortage at every salary level. It is high time the US has backed out of NAFTA, foreign aid, tax incentives to hire labor over seas, increased immigration, the selling of American corporation overseas, out sourcing, etc. These sweet heart deals have destroyed the
American way of life. The special interest groups and companies have the US people and national economic security by the throat. Without the economic strength of the American people our democracy will die. It will belong to the special interest groups and multi-national corporations. The US must reverse the economic policies of the past decades.

George Orwell of PA 3:22PM September 07, 2010

People aren't looking for jobs because new jobs have been created. They are looking for jobs because their free ride of unemployment is nearing an end. Nothing is a better motivator than the possiblity of being hungry and homeless. The government wouldn't be in this mess if people were allowed to succeed and fail!

Joel of TN 3:23PM August 30, 2010

Labor Unions can shoulder much of the blame of the US pricing itself out of the manufacture's market. Now, look no further than CA to see what State Government Labor Unions are doing to the state.

ck of CA 1:13PM August 29, 2010

Yes, no matter how you put the lack of jobs issue, you can't get around the fact that so many U.S. companies have gone overseas....a visitor to China told me there was a whole row of companies like U.S. Steel as he drove down the road. What an eerie feeling that must be to see the "ghosts" of U.S. production and jobs thriving elsewhere, taking advantage of Chinese laborer-slaves, taking advantage of tax breaks they get as corporations and leaving American workers behind without a backward glance to gojobless and hungry.

pumpkin of OH 2:08PM August 10, 2010

More people looking for work is just dandy you boneheads. The reason is that people that were secure have lost their savings to the bankers and wall street. No Brainer, oh yeah SHOVE IT OBAMA

me of CA 11:04AM July 10, 2010

More people looking for work is just dandy you boneheads. The reason is that people that were secure have lost their savings to the bankers and wall street. No Brainer, oh yeah SHOVE IT OBAMA

me of CA 11:04AM July 10, 2010

Until the United States stops laying off people in order to employee overseas(or out of the country) services to do the same thing,we are on our way to becoming a 3rd world country. We used to manufacture in the U.S. and now all of those jobs are gone. We don't make much anymore...and are much more reliant on other countries for our items. Notice the increase and severity of the recalls? Quality countries are now short cutting at our expense.

Concerned for US futuer of IL 11:02AM July 06, 2010

Elect Libertarians and conservatives to Congress. Then the unemployment rate will go down. Government GREED for unlimited Power and Authority, and Obama's Kevorkian economics plan for the nation are the root of the problem.
Keynesian trickle-down government has failed.

Frank Madash of FL 9:42AM July 06, 2010