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"Unexpected" unemployment chart of the day!

Why is it that whenever Obama says something like "we're turning the corner on unemployment," or "the trend line is good, the direction is clear," the complete OPPOSITE happens?! Why is his interpretation of data so inaccurate?

In the graphic below, trending over the past 6 months, you see that immediately following a "rallying" speech by Obama regarding unemployment, that we're heading in the right direction, he and his administration are not only proven wrong, but overall the unemployment claims situation has only fluctuated by about 70,000 jobs (hovering between 430,000 and 500,000 jobs lost each month).

Do you feel Obama is REALLY tackling the unemployment situation, and keeping true to his PROMISE to make it his first priority or is that all talk? If you think he is improving the state of the unemployment situation, why do you believe this to be true? Any credible links supporting your claim would be great! :o)


Asked by LoriKeet at 10:11 AM on Apr. 18, 2010 in Politics & Current Events

Level 45 (194,908 Credits)
This question is closed.
Answers (23)
  • Yea, Ohio's unemployment rate 'unexpetedly' climbed to record levels this past month... Jobs? Pssshaw, it's about health care, union contracts for government work, and giving nonprofits access to college loan processing.. Not private sector jobs...


    Answer by grlygrlz2 at 2:50 PM on Apr. 18, 2010

  • picture isn't working for me. do you have a link? I would love to see it.

    Answer by QuinnMae at 10:13 AM on Apr. 18, 2010

  • Try this Quinn (and anyone else having trouble sseeing the graphic) :o)


    Answer by LoriKeet at 10:16 AM on Apr. 18, 2010

  • Unemployment figures are inaccurate. They only count the people who are receiving unemployment compensation, they don't count the people who have used up all their compensation and are still unemployed - like ME. Every time I hear them say that unemployment is going down I laugh. If it's going down, then why are so many people still unemployed??? There has to be a better way to measure what the actual number of unemployed persons. Hell, if it keeps going like it is the unemployment rate will reach nearly 0% because everyone has used up their benefits.

    Answer by Merjo at 10:17 AM on Apr. 18, 2010



    Answer by LoriKeet at 10:18 AM on Apr. 18, 2010

  • Companies have to be able to afford to hire new people. Un til the economy improves a lot, there won't be a lot of hiring going on. Makes sense,don't you think?

    Answer by gertie41 at 10:26 AM on Apr. 18, 2010

  • Gertie, in order for the economy to improve, companies have to make a profit. With mass unemployment, people aren't spending money (except at Walmart). No spending, no profit, no profit, no jobs.

    The stimulus bill was a massive failure. It would have make more sense to take those dollars, split it between the 300 million in the country, and send everyone a check. People could have used that money to save their homes from foreclosure, pay the bills until they found a job, or blow in on vacations or Xbox 360 games. At least someone would have profited by it. The people would have spent sales tax on what they bought, which would have helped local governments.

    Answer by Anonymous at 11:26 AM on Apr. 18, 2010

  • Anon :26 really has a point there.... with the stimulus bill they handed big corporations money they didn't earn, typically, money people don't earn, they feel more free to blow, and what did the big corporations do? However, if that same money had been given to the consumers, everyone who is scrimping and saving to get by, would suddenly have money, unearned money that, at least the vast majority, would feel free to spend on whatever their hearts desired.  This in turn would give the big corporations higher profits, and would most likely have in the long running put the money to better use, because those corporations are a whole lot less likely to frivolously spend money they've earned.


    Answer by dedicatedrider at 11:42 AM on Apr. 18, 2010

  • The economy has been in a downward spiral for at least 5 years. People were allowed to obtain huge mortgages in 2003...2004...2005...that they could not affford. They are ,of course, in foreclosure. The big stock brokers and the investmnent companies have been playing with billions of dollars in investments and stocks for many years and we all lose. There are too many other factors involved. It is too easy and too prejudiced to try to pin the whole thing on ONE person, the President , especially since the bad stuff started happening in the last administration and they did absolutely nothing to stop it. It is hard to admit it,I'm sure,but that's what happened.Just read about it.

    Answer by gertie41 at 11:57 AM on Apr. 18, 2010

  • Even with all signs pointing to economic recovery (which may, or may not be due to the stimulus bill) and all experts in agreement that we are on the upswing, some still need to spread the panic.

    It is well documented that jobs are the last thing to improve when the economy gets better. Before Obama was even elected he said it would take years for unemployment to go back down. The economy is a huge slowly changing entity. It's way to early to evaluate the stimulus bill. Post again in 10 years for accurate assessments of its effectiveness.

    I understand the Republicans are motivated to keep America convinced the country is on the verge of collapse because of Obama. Anyone with a basic understand of our political system knows that no one person has enough control over the government to make that much of an impact (good or bad) in this short period of time.


    Answer by Anonymous at 12:06 PM on Apr. 18, 2010