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US Unemployment at 26-year High
sahara
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10-2-2009 8:05 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/dcbfd8b1-29a5-494a-9fc2-69a0436312f5/9F8739D4-C8C1-4D90-87DA-113876740959/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.puppetgov.com/2009/10/02/jobless-report-is-worse-than-expected-rate-rises-to-9-8/" href="http://blog.puppetgov.com/2009/10/02/jobless-report-is-worse-than-expected-rate-rises-to-9-8/" style="font-size: 11px;">blog.puppetgov.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/02/jobless-report-is-worse-than-expected-rate-rises-to-9-8/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/blog.puppetgov.com/img/A6E4ED4C-3F7F-4E81-A9C2-49B6503E2251" alt="jobless_4" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/02/jobless-report-is-worse-than-expected-rate-rises-to-9-8/">The American economy lost 263,000 jobs in September — far more than expected — and the unemployment rate rose to 9.8 percent, the government reported on Friday, dimming prospects of any meaningful job growth by the end of the year</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/02/jobless-report-is-worse-than-expected-rate-rises-to-9-8/"><P>The Labor Department’s <A href="http://www.bls.gov/news.release/empsit.nr0.htm" title="Lastest monthly report on unemployment.">monthly snapshot of unemployment</A> suggested that the economy was plodding through a faltering recovery that could pose big challenges to lawmakers worried about a growing public outcry over both big government deficits and high unemployment.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/02/jobless-report-is-worse-than-expected-rate-rises-to-9-8/"><P>The numbers could intensify pressure on Congress to provide additional unemployment benefits and extend some programs that are set to expire toward the end of the year, such as tax credit for first-time homebuyers and health-insurance subsidies for people who lose their jobs.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/02/jobless-report-is-worse-than-expected-rate-rises-to-9-8/"><P>“It’s a very fragile and tentative recovery,” said Mark Zandi, chief economist at <A href="http://topics.nytimes.com/top/news/business/companies/moodys_corporation/index.html?inline=nyt-org" title="More information about Moody's Corporation">Moody’s</A> <A target="_" href="http://economy.com/">Economy.com</A>. “Policymakers need to do more.”</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/9F8739D4-C8C1-4D90-87DA-113876740959/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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