The First Draft: Jobs (not), Jobs (not), Jobs (not)

November 6, 2009

The October employment report is in and it’s a shocker.

The unemployment rate jumped to 10.2 percent, the highest since April 1983 when it was also 10.2 pct. If you don’t want to do the math, that was 26 years ago. It was worse than expectations for 9.9 percent. TEXAS-SHOOTING/SOLDIER

This is not good news for President Barack Obama who is struggling to pull the economy out of the worst recession since the Depression.

The employment numbers were also worse than expected with October payrolls falling 190,000, a bigger drop than the 175,000 decline expected.

It’s a day of mourning at Fort Hood in Texas after an Army psychiatrist went on a shooting rampage that killed 12 soldiers and one civilian and wounded 30.

“It’s difficult enough when we lose these brave Americans in battles overseas. It is horrifying that they should come under fire at an Army base on American soil,” President Barack Obama said yesterday.

“I was saddened to learn of the tragic incident at Fort Hood. Laura and I are keeping the victims and their families in our thoughts and prayers during this difficult time,” former President George W. Bush, who lives in Texas, said in a statement.

Suspected gunman Major Nidal Malik Hasan was in stable condition but investigators had not yet been able to interrogate him, Lt. Gen. Robert Cone, Fort Hood commanding officer, said on NBC’s “Today” show.

Click here for more Reuters political coverage

Photo credit: Reuters/Jim Young (Obama makes remarks about shooting at Fort Hood on Nov. 5)


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OMG when will Obama resign?The one phrase that has been appearing in the headlines most often is “economic optimism”. These job numbers are worse than expected, but the markets, after opening below yesterday’s close, are shrugging off this news and bouncing back. The usual suspects will soon post their negative predictions, but the facts will prove them wrong yet again.

Posted by getplaning | Report as abusive

Like some medications there are bad side effects,the reality of socialist entitlement politics the two side effects are high taxes and and high unemployment .In spite of what they might try to spin this is the what always happens so if you are OK with constant free hand outs sorry get used to it!

Posted by brian lee | Report as abusive

…and so we hear from usual suspect #1.Brian, jobs are always the last thing to recover from a recession.I still have yet to see these sweeping socialist reforms that you speak of and I don’t believe that they are coming at all so chill, relax and enjoy your Cali sunshine.

Posted by Eric H | Report as abusive

Eric H…. the reason a lot of those are laid off and still can’t find work is THEY ARE NOT TRAINED/EDUCATED to do anything! I am a recruiter in the IT space and trust me, there a many $50-120K jobs out there going unfilled.Why? My opinion is because Socialistic/Liberal handouts make folks complacent with not working or not striving to learn and get higher skilled jobs. Why put the effort in going to school get a 50 hr. per week job when you can sit at home and get free handouts?

Posted by California Living | Report as abusive

Oh, Eric finally showed up after embarrassing losses on Tuesday…California Living. That’s the sentiment of a majority in this country who do not believe in the policies being forced on us by the current bunch in power.What strikes me is that the president took credit for numbers suggesting we are coming out of this recession due to the policies put in place, but blames the previoius administration when things don’t work out so well.Well the economy isn’t exactly coming out of anything, so he can’t have it both ways. Either it is his economy or it isn’t.He campaigned hard in Virginia and NJ blaming Bush for the problems in those states. Well, his guys were handed knock out punches when he used those arguments. There were even campaign signs in NJ that said “OBAMA CORZINE”. The point here is that people are sick and tired of his overused blame the other guy BS.

Posted by TC | Report as abusive

there is the premise that if you repeat something often enough eventually it will be believed!but the only people that are believing the spin are the surrogates.The boat is going over the falls guys with the record unemployment since Carter.So eric if the delay in lower job numbers is not into effect in the next year then the boat sinks so bail out!Unfortunately getplaning goes down with the boat!completely brainwashed.

Posted by brian lee | Report as abusive

Trouble with socialism is that sooner or later you run out of other peoples money.We hit that point a long time ago and it hasn’t slowed washington down in the least.every other generation has tried to make sure that their kids never had it as bad as they did. This generation seems to want their kids to have it worse then they did.After all it’s the jkids that are going to be paying for all this.

Posted by don | Report as abusive

The trouble with corporate socialism is that sooner or later you run out of other peoples money.Over the last ten years, the gap between the top 1% and the bottom 99% grew to historic new levels. Only this time, when the inevitable tipping point was reached, the top 1% made sure their bets were covered and the bottom 99% ate the looses, not the 1% at the top. So now we have idiots waving signs in front of the Capitol and shouting “no to socialism”, led by the very people who brought them this disaster. Calling these people sheep is a compliment. They are cattle.

Posted by Grifo | Report as abusive

Hey Right-wing Loonies,Notice what the article says. The last time unemployment was this bad was 1983. Who was president then? Reagan. How many years had he been president by then?At least under Obama the general economic numbers are trending up, even if job loss has continued for the short term as predicted repeatedly by the White House and economists.Things might have been better if Hank Paulson and Congress (both Dems and Repubs) would’ve forced the banks to use some of their bailout to extend credit to individuals and businesses, but as usual, the Bush administration screwed up badly.All of you who claim we’re heading straight towards socialism and think any White House push a button and change long term problems in the economy whenever they choose should (1) actually study economics (2) study up on global history — we’re very, very, very far away from anything resembling socialism, even with healthcare and (3) try reading multiple international news outlets rather than just relying on conservative radio and Fox.As it is, spouting off about socialism makes you sound scared sh*tless about something you don’t seem to understand.

Posted by Max Ernst | Report as abusive

The economy may never be the same again even after it “recovered”. Hopefully the jobless rates will be lowered soon, but not likely. Isn’t really Obama’s fault, there is little he can do and he had done them…..

Posted by Lim Boon Chuan | Report as abusive

I didn’t ask to get laid off. I’m looking for work for over a year now. I’ll wash dishes or sweep floors. Unemployment is going to help pay my rent. So if you have some work for me I’ll stop taking money from the war on what ever it is this week or day

Posted by Dennis MacLaren | Report as abusive

It would help if George Bush would go on TV and apologize for ingnoring the impending economic crisis. Bush ignored the impacts of 9/11, and two hurricanes, and missed the opportunity to mitigate this economic downturn.Bush deliberately ignored this impending economy destroying sunami in his last two years. Bush should either aplogize, or proclaim that he intentionally sought to facilitate this downturn.Bush shouldn;’t just hide in the shadows, pretending to be infantile–we know better.

Posted by Rayson Byron | Report as abusive