Posts tagged as:

jobless rate

Unemployment rate under President Barack Obama

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NEW YORK (CNNMoney) — Federal Reserve Chairman Ben Bernanke headed to Capitol Hill Wednesday to give Congress his semi-annual report on the economy, and what he had to say wasn’t exactly rosy.

The job market remains “far from normal,” household income is flat and access to credit remains too tight for many people, he said. Meanwhile, rising gas prices are likely to reduce consumer buying power and the housing market remains a drag.

Thanks to President Obama’s economic policies, happy days are here again!

Read the full article at CNNMoney.com.

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Aren’t things supposed to get better during a recovery?

The unemployment rate here rose for the fourth straight month in August, hitting 7.3 percent, the state said Monday.

With the surge from July’s 6.9 percent, the jobless rate has bounced back to its December level, erasing months of progress. The July-to-August increase is the biggest month-to-month gain since the uptick from January 2009 to February 2009. “It’s not encouraging,” said Bill Sholly, an analyst with the state Department of Labor & Industry.

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Hiring grinds to a halt in August; jobless rate remains unchanged and recession continues

September 4, 2011

NEW YORK (CNNMoney) — So much for getting Labor Day weekend off to a good start. The economy added no jobs in August, the Labor Department said Friday. Zero, zilch, nada. Meanwhile, the unemployment rate remained at 9.1%. “We expected a weak report, and what we got was even weaker,” said Patrick O’Keefe, director of [...]

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Happy days are here again! Jobless rate rises again in Lancaster Co for third straight month

August 30, 2011

The Lancaster County unemployment rate increased in July for the third straight month, hitting 6.9 percent, the state said Monday. By rising from June’s 6.7 percent, the jobless rate hit its highest mark since December, erasing months of progress in the process. The new pattern has deflated the hope that unemployment here would slowly but [...]

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Lancaster County jobless rate jumps to 6.7 percent in June, expectations low for future as recession continues

August 4, 2011

Lancaster County’s jobless rate climbed to 6.7 percent in June, up from May’s 6.4 percent, the state said Monday. The June figure marked the second consecutive month that the jobless rate here grew, the Department of Labor & Industry report showed. Until June, the rate had risen only three times in the last 15 months [...]

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Jobless rate rises to 9.2% in June; 28 million Americans out of work

July 8, 2011

The recession, not the recovery, continues. The jobless rate rose to 9.2 percent in June. There are now 28 million Americans, including yours truly, out of work. Some expected a better report: those that are living on another planet where there is no Comrade Obama administration.

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