Jobless Rate Jumps (altogether now) ‘Unexpectedly’
**Written by Doug Powers
These guys must be shocked every morning when the sun rises in the east. How many times does this have to happen before it’s not unexpected?
WASHINGTON (Reuters) – Employment barely grew in November and the jobless rate unexpectedly hit a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan to shore up the fragile recovery.
Nonfarm payrolls rose 39,000, with private hiring gaining only 50,000, a Labor Department said on Friday. However, data for September and October was revised to show 38,000 more jobs were gained in those months than previously estimated.
According to White House logic (now there’s something “unexpected”), more people on unemployment means fewer people will lose their jobs (huh?), so what’s the problem?
More from Reuters:
Unemployment is expected to remain painfully high for years, a problem for President Barack Obama, who would face re-election in 2012.
But not so painfully high that the media won’t use the word “unexpected” in the next story about a dismal jobs report.
Meanwhile, Alan Grayson, who continues to be more irritating than ocular herpes in spite of being thumped in last month’s election, blames the poor economy on right-wing talkers. Grayson believes that the reason jobs aren’t being created is because Glenn Beck and Rush Limbaugh aren’t paying enough taxes.
Update: Nancy Pelosi explains her hilarious economic theory for how unemployment benefits create jobs — I call it the “Laugher Curve”:
“Unemployment insurance, the economists tell us, return $2 for every $1 that is put out there for unemployment insurance,” Speaker Nancy Pelosi said on the House floor.
Uh huh… the same economists who say “unexpectedly” every time a new jobs report goes against their growth predictions for months and months on end?
**Written by Doug Powers
Twitter @ThePowersThatBe
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Comments
You must be logged in to post a comment.
 |
Biden: Tea Party stopped us from growing the economy
May 23, 2012 01:55 PM by Doug Powers
44 Comments
New Obama ad: Romney the job destroyer; Update: Team Mitt’s return salvo
May 14, 2012 04:39 PM by Doug Powers
66 Comments
Obama makes ‘clean coal’ a more prominent energy strategy
May 11, 2012 04:01 PM by Doug Powers
66 Comments
New ad: Because of Obama, I have a job; Updated
May 10, 2012 03:50 PM by Doug Powers
76 CommentsSize of labor force drops by half million in April, unemployment rate down slightly to 8.1%
May 4, 2012 10:18 AM by Doug Powers
208 Comments
Hold on to your wallets: Obama pledges to double down on clean energy
April 19, 2012 04:42 PM by Doug Powers
102 Comments
Dept. of Energy: We’ve got a little more ‘green loan’ money to hand out — who wants it?
April 6, 2012 02:35 PM by Doug Powers
42 Comments
Categories: fiscal stimulus,Obama Jobs Death Toll
Babalu Blog
» U.S. Manned Space Flight in The 21st CenturyVillainous Company
» Must Read Post of the Day. Possibly, the YearRedstate
» Kimberlin’s Associates Caught on Tape?Redstate
» Civility Fails For A Reason
well, look at it this way: at least it wasn’t ‘unprecedented’
Until all the libtards are expelled?
And with an official jobless rate of 9.8% (the reality more like 17%), what is our bloved congress doing today? They’re playing footsy with the gays in the military.
You can tell congress is very serious about working on job growth in the way they’re focusing on it with the sharpness of a basketball, the ferocity of a sheep, the energy of a sloth, the superhuman strength of a field mouse, and the unwaffling determination of John Kerry.
November 2012 will be an expected expectorant.
So….we’ll need higher tax rates to pay more unemployment benefits, right?
As a very grossly underemployed American, I resent these remarks from this administration. I have two jobs and both are PRN work.
Sadly because I have a military pension, I am not eligible for unemployment and one job hasn’t called me for a shift since February and the other job I have worked only 12 hours over the last two weeks.
GSP
P.S. What makes even worse, I can’t even get on with Mickey D’s because they tell me I am overqualified—Go figure.
You watch. December will see an unexpected rise to 9.995%.
Grayson, just STFU. Limbaugh and Beck are taking the same legal deductions that Soros takes. The same ones that typically ignorant socialists like you put in the tax law in the first place so rich liberals wouldn’t get soaked by the gov’t. Now, when rich conservatives use the same deductions, somehow it’s ee-vil.
Don’t go away mad, Grayson. Just go away.
Actually, the “official” unemployment rate will never go up more than .001 each month until November 2012. That way it will always remain under 10%.
When Enron cooked the books, it was illegal and the company officers took the perp walk. When the gov’t does it, they call it creative bookkeeping.
And there will be at least 62 more people added to the jobless rolls next month… Grayson included.
What’s the demand like for a middle-aged, loud-mouthed idiot?
…. Only if Marxist Democrat policies are allowed to remain in place. In Normal World we would already be in a true full recovery but for all the Leftist sabotage.
Aw, c’mon Doug. That’s the same thing as spending your way out of debt.
from HA
Stagnant economy. Stagnant swamp congress.
In any major college Journalism 101 class:
“Ok, today’s lesson – the choice of words to help those you believe in”. (Writes on chalk board – Undesired = Unexpected)
“Any questions? Ok, that probably filled your brains to capacity. Class dismissed”.
After hearing that Obummer, unexpectedly, went out and played two rounds of golf.
I bet Limbaugh and Beck pay more in taxes then say, Rangel, Geithner, Daschel…..
You know what would have been a headline that could actually use the term “unexpected”? How about this one
Unemployment drops unexpectedly.
It is so unexpected that we wont see it for some time to come.
Unemployment:
Can anyone understand why the Federal Government is involved in unemployment?
It seems like a States Rights, 10th Amendment issue. I see nothing in Article 1 Section 8 on unemployment, nor in the amendments.
Let the States decide whether or not to extend unemployment. I think the States should, I know at least 10 people personally, who were laid off and their 99 weeks are almost up. They have really looked hard for work, but most have found nothing. But keep the Fed’s out of it.
The reason why this was “unexpected” is because they don’t recognize those nasty old “unintended consequences” of their policies. So, to them, it really is “unexpected”. For some strange reason (insanity) they think the result will be different, even though they continue to do the same unbelievably stupid things!! The rest of us knew exactly what would happen. At least, the general population is fooled. Obama is doing exactly what he means to do. Is there NOTHING we can do about this evil traitor before he finished the job on our country?? Two more years, and we will be without oil, without food, without the internet and without FOX TV.
The guy in my backyard who reads sheep entrails does a better job of predicting the future than these economists who are, without fail, taken by surprise by the latest employment figures.
“… and that was Unexpectedly, by Barry and the Braintrust, topping the charts for the 99th consecutive week…”
The question is does Obama care? I would say he does not. He never wants to waste a crises. So he is in the process of creating his next one of the tax increases. He will use a crises to tax the rich (as he defines them). Just as he drummed up a crises to feel up citizens. He is at war with the citizens of this country.
Not since 1948 have we seen 19 months of 10% unemployment. Change you can beleeev in!
Grayson : Truth :: Islam : Beer
I’m a Military spouse now, having finished my own career. I thank GOD that I was able to find a job, and a good one, in our new duty location. I pray every day for those looking for work. It’s tragic that the Donk’s are doing everything they can to drag down the economy.
I love this. Obama went to Afghanistan for a surprise visit….and calls Afghan President Karazai.
When you have the leader of the DEMS in the HOUSE basically saying that it is the MIDDLE CLASS that creates jobs, and not the “FILTHY RICH”, this comes as no surprise at all… You want change, wait until 2012… You voted for OBAMA in 2008 to prove you weren’t a RACIST… Who you gonna vote for in 2012 to prove you aren’t STUPID???
On December 3rd, 2010 at 1:08 pm, Truesoldier said:
FIFY
Obama hates this country so much that he can’t stand to be here for more than 5 days at a time without flying off to some foreign land. Either that, or he has so much fun on Air Force One, he wants to take lots of joy rides. There is absolutely NO reason for him to fly around the world so much. Every time he does, it costs us millions. Wait a minute…so that’s why…!!
That is a great quotable quote. May I use it??
I don’t mind Obama flying overseas so often.
I mind him returning so often.
Let’s see, Nancy Pelosi is a weathly business owner and she says that the middle class created jobs not the rich. Makes you wonder how in the hell her family’s business is still IN business.
I am actually afraid to hear the answer to that question from those who voted for Obama. Some how I can see them voting for some Harvard or Princeton proffesor…after all they must be smart because they are an Ivy League proffesor…/sarc
He thinks he is racking up freuent flyer miles for all the trips…
Well she is not called the mafia princess for nothing.
In middle management? Apparently pretty high.
The sad fact of the matter is that democrats love unemployment, the more the better. To be sure there is some anxiety around election time: will they be successful in deflecting the blame? but that’s it. Unemployment creates more government dependents and more opportunities for spending. This is what democrats are about.
It also allows their media and clerical allies to get all drippy with inhuman interest stories about needy families losing their homes and getting food donations from various churches while they live in a cardboard box on a vacant lot as they get re-acquainted with dad whom they hardly knew in the dark days when he was working all the time. People love this stuff and media morons remodel their houses from it.
Sure, this year it didn’t work out so well for the democrats, but what about two years hence? Well, if the economy recovers (it won’t but run with me on this) they will take all the credit. And if it doesn’t, they will say it was because the Republicans used the failed policies of GWB which cause all our problems in the first place! So look for a big dem comeback in the House of Representatives come 2012.
Stevevvs – You’re talking about the 10th amendment? Articles and sections? Dude, half of America doesn’t know who the Vice-President is…
Not unexpectedly, it’s the half that voted for the guy with the “D” next to his name.
The saturation point has been reached. There’s no turning back. obama will simply say “the Republicans want to stop our children from eating lunch at school!” And they will believe it and vote for the “D” because they are stupid.
And you’re talking about the 10th Amendment? If you talk about the 10th Amendment to the average obama voter, they’ll probably stab you with a knife or worse.
Hmm, businesses are closing up all over and many are moving their factories outside the country. For some reason our politicians feel that this is happening because the business tax burden is insufficient and that these folks are not requlated enough from Washington. Of course the politicians are surprised that their brilliant policies are at odds with reality.
Obvious answer is that the world is wrong because they can only be right.
Why do we follow their dictates?
More like it for total cleansing.
Probably both. They are not mutually exclusive. And he, hopefully, will only get to have fun on Air Force One for a couple of years more, which is still two years too many.
If you talk about the 10th Amendment to the average obama voter, they’ll probably think that is when you plead the fifth twice in a single court case….
Wow! I so did not see this coming. I bet Obama is just as surprised as me.
I am sure things will get better once Obama gives another $1 Trillion to his union buddies. Somebody ask Bernanke to check under the sofa cushions for loose change at his house…
Whadda buncha knuckleheads! Anyone with a shred of common sense (eliminating libtards like Pelosi, Grayson, et al) knows that businesses are holding off hiring until the new Congress takes over to neutre Obeyme.
One can only juggle the numbers, confuse the facts, and cook the books for so long, before it catches up to them.
These numbers remind me of rape statistics: only a small percentage of rapes ever gets reported.
In this case, the 9.8% is only a small proportion of the actual unemployment numbers, and the progressives are running out of ways to hide that fact, and out of rhetoric that rationally explains it away.
Perhaps that is why they really want unemployment benefits extended…they can then claim that those looking for work and receiving benefits are employed full time looking for a job and should not loneger be counted as unemployed.
The Keynesian left the country in the middle of the night just hours before the “unexpectedly” horrible employment figures were released to the public this morning.
The Keynesian left the country 24 hours after the shellacking election results.
Anyone else see a developing pattern here?
___‹^›__‹(•¿•)›__‹^›___
The reason jobs aren’t being created is because
the richemployers are waiting to see if their taxes are going up in January. If taxes do go up, more jobs will be lost because the cost of doing business will be higher and the incentive to risk capital on expanding business will be lower. If you don’t understand this, then ask your own boss how higher tax rates might effect your job or the size of your next raise. Maybe you’ll understand it better after your boss explains it to you.Federal Pay in our county averages 57K per year. The average pay is our county is 35K per year. This should tell us everything we need to know.
And who, exactly, are these “economists?” Come on, Madame Botox, name names so we’ll know who to laugh at. In the meantime, let’s take your insanity to its illogical conclusion. If what you say is true then everyone in the country should go on Unemployment. Let’s say 130 million people getting $300 a week. That works out to $39 billion in payout and by your math results in a $78 billion “return” per week. Net return for the week: $39 billion. There are approximately 100 weeks until the next election. So the net return for those 100 weeks would be $3.9 trillion. Hey, with new math like this, we could have this deficit problem fixed in no time.
Or we could just say “what a maroon” and do what we can to marginalize her for the rest of her life.
I am surprised by UNexpectedly high unemployment number.
Does that qualify me as an expert?
Ya know when Mz. Botox made that stupid comment she actually thinks masses of the unclean believe it…wait a minute, maybe they do, after all look whose been running congress for the last 4 years and who or what is president for the last 2 years.
Repeal everything and I mean everything…these liberals have this country so screwed up after dominating politics the biggest part of the last 96 years we couldn’t be any worse off starting over.
ThunderHawk,
Sorry! I forgot most don’t know the 10th amendment exists, and what it means! I wouldn’t limit that to “O” voters thought!
Y’know, the way the light shines on you from this angle…you sounded just like Casey Kasem.
It’s becoming a painful reality for even Democrats that we have Milli Vanilli for president.
___‹^›__‹(•¿•)›__‹^›___