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Unemployment rate remains at 9.5%; underemployment at 16.5%

The answer? $26.1 billion in new “stimulus” spending, naturally. Well, that — and the continued threat of social democrats in their legislative death throes taking over industry or bureaucratizing / taxing it into paralysis.

Oh. And just so’s it gets mentioned somewhere: the unemployment rate among 16-19-year olds now stands at 26.1% — an increase of nearly 4.5%. Which, hey: at least we’ve found the raw material for that Obama civilian security force we keep hearing hinted about…

30 Replies to “Unemployment rate remains at 9.5%; underemployment at 16.5%”

  1. Ella says:

    The Republican candidate for governor in Oklahoma argued that she has extensive business experience … because over her 25 years in government, she has regulated all kinds of industries. Energy, financial services, agriculture.

    She’s a business dynamo, that Mary Fallin.

  2. DarthRove says:

    the continued threat of social democrats in their legislative death throes taking over industry or bureaucratizing / taxing it into paralysis.

    Even mildly successful parasites know enough not to kill their hosts. Or piss it off enough to get a asscheek full of penicillin.

  3. Alec Leamas says:

    Unemployment rate remains at 9.5%

    There is but one antidote: A new article touting the virtues of !!!!fUNemPlOYmenT!!!!!

    http://articles.latimes.com/2009/jun/04/local/me-funemployment4

  4. sdferr says:

    “…parasites know…”

    No, they don’t.

  5. DarthRove says:

    “…parasites know…”

    No, they don’t.

    *sigh*

    Fine.

    “…parasites function in a manner that in no way implies intelligence or other mental capacity that causes them not to do…”

  6. Joe says:

    Lots of fun news today:

    So the White House is starting to panic.

    Michelle “Marie Anntoinette” Obama is not helping. Maybe Mrs. Biden is right to dis you!

    And oh by the way, we racist knuckeldragging mouth breathers read the backers of the Cordoba House pretty well.

  7. geoffb says:

    The ones whose genetically programed behavior kills the hosts become extinct. Let us hope that is not the only way to end this type.

  8. Joe says:

    How long with repaving roads that really don’t need repaving save the American economy?

  9. sdferr says:

    When the exclusivist Labor Unions refuse to work on the Cordoba House, we should go to bat for the labor rights of the strike breaking muslim construction workers who will no doubt volunteer their services in the name of Islam to build the mosque in the Labor Union’s stead.

  10. sdferr says:

    Then we can shout the two-fer: “Yay Muslim scabs! You get ’em boys!”

  11. I have a couple of excellent anecdotes from my vacation on exactly this subject. Shit that would blow your mind.

    Unfortunately, I have no time to relate them because I just got re-orged while out on vacation. With the exception of the fact that I may be in Denver more often to buy you many beers, I (and by extension, Mrs Cookies) am looking down the barrel of one seriously shitty travel schedule just in time for the first week of school. Anyone in downtown Chicago this week?

  12. Carin says:

    I spreading the good news to all my blog friends. Just got news our health insurance is going from $750 to $1300 a month.

    THANKS OBAMA.

    We’re going to have to fire someone to make that up.

    (joking – sorta)

  13. bh says:

    Barone focuses on a point discussed around here from time to time.

  14. Pablo says:

    We’re going to have to fire someone to make that up.

    Yeah, but then they’ll have free health care, right?

  15. Carin says:

    That is true, Pablo. I’m glad you’ve found the positive spin here.

  16. sdferr says:

    Rove, you magnificent bastard! You read their book!

  17. JHo says:

    These jackwagons are on heroin. No, really.

    Stocks rallied, sending the MSCI World Index toward a 12-week high, amid speculation slower jobs growth will prompt the Federal Reserve to shore up the economy. The euro weakened and copper rose.

    Because, you know, that’s what Feds do, “shoring up” failed fiat economies with fiat money. Being the most advanced nation on earth — and you know how all truly advanced societies cultivate these kinds of top-down success stories all the time, Homer, starting with their unanimous success in nationalizing healthcare — we’re a hundred trillion in the red so more of what killed us, please. Makes perfect sense.

    The S&P 500 retreated on Aug. 6, paring its surge since July 2 to 9.7 percent, after private employers added fewer jobs in the U.S. than economists forecast. That helped spur bets today that the Fed will be forced to announce economic stimulus measures tomorrow. Three years ago today, the European Central Bank provided 95 billion euros ($126 billion) as the credit crisis made commercial banks unwilling to lend to each other.

    Pick out a nice fat vein and ahhh…

    “It’s a sign of how long this crisis has been reverberating around that we now enter a week that could see fresh quantitative easing from the Fed,” Jim Reid, a strategist at Deutsche Bank AG in London, wrote in a report. “Bad news is interpreted as increasing the probability of imminent QE, a kind of win-win for risk assets.”

    Hell, just print a fresh hundred trillion and have Ben motor over and drop the sucker.

  18. irongrampa says:

    Could someone please explain COGENTLY to me why the unemployment rate isn’t found by subtracting the total unemployed from the total work force available, then doing the appropriate math?

    Is there some problem doing that I’m unaware of?

  19. sdferr says:

    Irongrampa, check out this Arnold Kling article.

  20. Carin says:

    Is there some problem doing that I’m unaware of?

    The size of the number.

  21. happyfeet says:

    that is an increase of over 73%

  22. happyfeet says:

    in other news did you know the total billable hours or whatever on a preemie can be a half mil easy?

  23. irongrampa says:

    Carin, by that do you mean “Holy shit, don’t let them know THAT?”

  24. Big Bang Hunter says:

    – It’s even better than that irongrampa.

    – Its “….Now that torpedo did not detonate, and I was never here…..”

  25. ak4mc says:

    Some dimwit submitted an anonymous comment to my local paper that began, “Who expects tax cuts with two wars going on…?”

    The question should have been, “Who expects tax cuts when Democrats are in charge?”

    Also, “Who expects a healthy economy when Democrats are in charge?”

    Not to mention, “Who expects to be able to find a job when Democrats are in charge?”

    Sadly, the anonymous-comment feature at my local paper has a maximum word limit. I could have written a book.

  26. Carin says:

    Carin, by that do you mean “Holy shit, don’t let them know THAT?”

    Pretty much.

  27. B Moe says:

    Did anybody hear Rove filling in for Limbaugh today? Jesus, I almost felt sorry for Christine Romer.

    Almost.

  28. She’s a business dynamo, that Mary Fallin.

    you have my sympathies.

    Also, loved Juan Williams trying to be all pollyanna about the economy. “Are you actually saying that we aren’t better off than we were a year ago?” “um, yeah the unemployment rate’s about the same…”

  29. cranky-d says:

    “Unemployment is the same, and we’re $800 billion more in debt, so yeah, we aren’t better off.”

  30. cranky-d says:

    It was words to that effect, anyway.

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