Unemplyment Rate 9.4% in America

Familiar with the Great Depression? What helped was a whole lot of government spending. This is what Obama's doing. Bush allowed companies to go overseas (and get big tax breaks, aka, corporate welfare). Less Americans working, less are buying, which means the economy's going to suffer, especially with it going on for years. You realize that the whole reason Obama has to spend so much money is to clean up the messes Bush made?

Wait until the dealership closings by GM takes affect and I think these numbers will rocket above 10%. It is hard to put a positive spin on a number that high. But I have no doubt the leftist media will try. I think the time is coming when Americans as a whole will look at and assess the real situation. Those media organizations are losing their viewers rapidly as shown by the ratings numbers. Americans are starting to wake up. When the sleeping giant has awakened, all I can is watch out.

Year ago, economists warned the unemployment rate America was carrying was unsustainable and, in fact, not healthy for a thriving economy. 9.4 seems bad compared to what we have enjoyed recently, but as long as the number stays under 10, we are looking at a very healthy condition: for the business economy, that is. Government entitlement programs are the problem right now. I am not an opponent of any of these programs but their funding has been based on a low unemployment rate for so long that this increase is going to be trouble. If politicians had been planning for this, instead of foolishly believing numbers around 6% were sustainable, we could have been in better shape. You cannot simply blame one party and you should not attack the media for being "positive". Panic and fear are what would drive the economy to a true depression, and then hating Democrats or Repulicans wont do anyone any good.

Ya know, Prez Obama did not cause this mess....he is the one trying to fix it. He is only a man, not Superman. I have yet to figure out why anyone would WANT the job.

The unemployment rate will get worse and worse every year no matter who the president is..

that is really hilarious and i do hope the democratic government headed by Obama will find a lasting solution to this problem, even the unemployment rate in south africa which is the biggest african economy is around 25 percent, i do hope that the economic recession will go away sometimes and we will all have something else to talk about

The unemployment rate is actually much higher, but they only count the people that are receiving bennifits. Those people that have had their bennifits run out, or have given up looking for a job are not counted, but are still unemployed. You are correct that the 9.4% is high, but yesterdays new jobless claims was only 345,000 which is much less than the last 6 months (just two months ago it was up to 600,000). So the number of new claims is going down, that is why so many are look at this in a good light. The number is still big, but new claims are going down, and that is a good start. We as a country need to understand that our countries economy was destroyed by the policies of George W. Bush and his republican party, the greed of the mortgage industry, and insane oil prices. This is a perfect example of what "trickle down" economics, and NO government regulation can do to an economy. For decades now republicans have been saying that government should stay out of business and let them regulate themselfs. After Trillions in bail outs, and the near destruction of our entire economy, republicans are still calling for a return to Regan/Bushonomics ("trickle down"). Bush isn't to blame for the stimulas plan, but, if he wouldn't have left the country in such a horrible mess, then we wouldn't have needed the stimulas. It is very hard to blame someone for a mess that started 4 years ago, when he has been in office for 5 months. But, logic has never been the republican parties strong suite.

It is no surprising that despite some recovery in some companies,majority of those are still loosing profits and had continuous lay-offs. 9.4% is clearly large now comparing from the last few months.I remember watching in youtube about the present day situation n Detroit where back in the 70's and 80's it was one of the most popular cities in the United States. but watching it recently it seemed almost like a Ghost Town in some areas where Cars are supposedly make.

It is actually not a surprise that the unemployment rate will increase as the big names collapse one by one. This does not include those that are depending on these big names such as the auto suppliers. And then there are businesses that are on the edge of going down due to fewer businesses opportunities. But then, the true question to ask is when this rise of unemployment will finally stop. Is it still in the mid of it, or the worst has already passed?