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.

http://www.bloomberg.com/apps/news?pid=20601087&sid=azXZugoul_S0

"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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