Barack Obama announces surprise drop in US unemployment rate

The US unemployment rate drops to 8.6 per cent, the lowest figure since the spring of 2009 according to a report by the Department of Labor.

Category:

News & Politics

Tags:

• United States
• Barack Obama
• unemployment
• financial crisis
• Economy
• America

[iranwarcom]

What jobs? You guys increased the Minimum wage but increased the Gas prices. Whats wrong with this picture. Every time gov't tinkers with the wages Americans are worse off

[cupera1]

Every month ~400,000 people apply for first time for unemployment each month and between 200,000 and 50,000 people find a job each month. There has never been a month when the people that have been hired have been greater than the 1st time unemployment applicants. BHO is playing with the numbers. The U6 number of unemployed is ~18%, they count people that have given up looking for a job.

[USASecretHistory]

@2360mrtom This was going on during the Bush Administration. You just didn't realize it. That was before this economic crisis hit. We lost over 2 million jobs during the Bush Administration. Towards the end of his presidency we were losing jobs at a rapid pace. When this president showed up we were still losing jobs but at least his policies slowed down the job loss rate. 8.6% unemployment is better than what Bush left us: "I started on a recession and I ended with a recession." -Bush

[2360mrtom]

@Mr40acresandamule You need to listen Lloyd Marcus on u-tube, he grew up in poverty. I would not vote a white man with Obama"s view or any other colored yellow pink or any color with his view's. Everyone needs a check from working not handouts. Read my other posts.

[2360mrtom]

AGRICULTURE SECRETARY Vilsack's said “that food stamps were helping to bolster the economy by getting buying power into people's hands” WH VARNEY said “unemployment extensions help improve the economy” BS -they are bankrupt'g taxpayers Put everyone on food stamps & unploy't then everyone will be happy in SOCIALIST FAIRYLAND

[2360mrtom]

In 2002, the poverty rate in America was about 12 percent. In 2009, it was about 14 percent, up two points despite more than $4 trillion in welfare spending over that period. Medicaid, which counts for $276 billion this year, an 87 percent rise in 10 years. Food stamps are also big, up a whopping 260 percent in 10 years. Child nutrition programs are up 82 percent, low income energy assistance is up 190 percent Immigration iilg & legal w/ kids up 57% SOCIALISM AT IT'S BEST

[2360mrtom]

@rw5791 American incomes have come down and the rising deficiet is going to 16 trillion $ making your dollar worth even less and you are celebrating? What happens when even more banks fail in US and Europe? Look at my other post and learn.

[TJace50]

@Mr40acresandamule i wasnt saying that

[rw5791]

@Mr40acresandamule it doesn't have to be the first 6 months.As long as the economy improves before the next election romney will be president until 2020.

And just watch america go.All the business owners is like horses penned up before a race ,just raring to go.But we got's to get this negro commie out da way first.

[Mr40acresandamule]

Your bitterness towards the president is racist and xenophobic. You know what if Romney is elected-I won't the liberals and moderates to hold Romney to an unbearable standard. Like, I won't see unemployment drop to 6% in the first 6 months past his inauguraton. If not I want to see a horrendous cultural backlash against racist like you who were so angry at a black president for not being a magical Negro. Because in that case the powers that be screwed up the economy so a black man can't fix it.