Comments on: US unemployment rate surges to 10.2 percent; 190,000 jobs lost in October

By: Meagan Morris

Meagan Morris — Tue, 10 Nov 2009 03:21:20 +0000

The job market is definitely a scary place right now. Many job seekers are trying to differentiate themselves from the stiff competition and doing so in creative ways, including printing their resumes on t-shirts and offering vacations to people who can help find them a job. Are outside-the-box ideas like these the wave of the future or a gamble in an already-difficult job market?

http://bit.ly/3tyupy

By: Daniel Escobar

Daniel Escobar — Fri, 06 Nov 2009 22:50:14 +0000

I love what this startup is doing to help people looking for a career change…. Share and discover what people think about their workplace. Anonymously. http://www.jobstoblog.com/

By: csodak

csodak — Fri, 06 Nov 2009 21:22:09 +0000

The financial markets read the report postively. Either we are going to have a massive correction in the equity markets based on the failure of households to sustain consumption (inspite of massive gov’t incentives con’t) or the unemployment reports are amiss.
So much for the efficient market hypothesis. Perhaps if we just cut all the regulation and reduce the capital gains tax rate to 1% and personnal tax rates we can have another miraculous rally that lifts all boats.

By: Mike

Mike — Fri, 06 Nov 2009 17:43:50 +0000

We’re in serious trouble. The economy is awash with hot money that Washington has injected into the economy (a significant portion of which has been monetized by the Fed) and we still can’t create jobs!

Hopefully the election results are a “green shoot” for the return of sanity.

By: Frank Fitton

Frank Fitton — Fri, 06 Nov 2009 16:50:56 +0000

One of the most alarming aspects of the report in my eyes is that the greatest job losses for the month were in construction, manufacturing, and retail sales. These industries are really the corner stones of our economy. When those industries are going good, the economy is going good. When their going bad, well you can see how things are.

For people that are currently unemployed and looking for work all we can tell them to do is have patience. All we can do is urge people to keep at it and stay out there sending out resumes. I think they are doing that. Remember that the unemployment rate only counts people that are actively searching for work. There are people out there that have become so dissatisfied with the situation that they have simply given up.

Recovery is indeed happening, but its at a slow pace and that’s what is so frustrating for a lot of people. Unfortunately there are no easy fixes for the situation. Sure we can throw more band aid stimulus packages out there, but any effect from those is going to be short term. The only thing that can really fix this economy is time.

Check out my blog and insight on the latest unemployment numbers at…. http://www.thedebtgazette.com/2009/11/un employment-rate-hits-26-year-high/

By: John

John — Fri, 06 Nov 2009 14:47:04 +0000

Imagine how bad it would be if Obama hadn’t announced the recession being over. The unemployment office has more people working there than ever. Good job B.O.!