Friday, September 4, 2009

US Unemployment Rises to 9.7 Percent

After rising to %9.5 (Berman Post: US Unemployment Rises to 9.5 Percent) and 'fake falling' to %9.4 (Berman Post: US Unemployment Drops to 9.4 Percent), Unemployment is back on the rise. It is now at %9.7. It should be once again noted that unemployment is higher now the Obama said it would be if we did not pass the stimulus.

"Employers cut payrolls by 216,000, fewer than forecast, after a 276,000 drop in July, Labor Department data showed today in Washington. The jobless rate rose to 9.7 percent; the so- called underemployment rate -- which includes part-time workers who’d prefer a full-time position and people who want work but have given up looking -- reached a record 16.8 percent."

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