Jobs Report "Terrible Top to Bottom"

Our economy will continue to loose jobs until the politicians send the stimulus directly to Main St. which will create jobs. This Wall St. Bailout trickle down method has failed. The USA can prosper without Wall St. but Wall St. keeps sucking the money out of the economy with the current flow structure. VOTE OUT the INCUMBENTS in 2010.

More lost jobs. Wouldn't hurt if we were more conscious about what we buy. www.myamericangoods.com

9.8%. What a joke. Blows me away that the media even reports these phony statistics. See shadowstats.com for more accurate numbers. Back out the part-timers and it's easily north of 15%.

Many economists, including some self-proclaimed ones here on the TT board, have been predicting U1 unemployment to hit 10%. Today's job losses put us at 9.8%. Why is this a surprise?

Hey, nooo problem! Remember that this is a "jobless recovery" that we're in. Now that I think of it, it's also a "homeless, raise-less, corporate earnings-less, and retail spending-less recovery" as well. No problems here, folks, says the Fed! Just keep walking...nothing to see here!

Look at the market recovering today when it should have tanked. They are using your involuntarily taken Taxpayer Bailout money to enrich the few on Wall St. The current Congress ahs caused this to happen. PEOPLE take back your Country & government... VOTE OUT the INCUMBENTS in 2010.

Green shoots everywhere! Thank the gov't for their great job. I can't wait till higher taxes come next. Our gov't is the root of most of these problems. We need to end the era of big gov't with their hands in every cookie jar. They are bankrupting our nation and setting a terrible example for the average american. Spend less and save more!

It's too bad Obama's porkulus plan wasn't an honest attempt to spend money wisely on projects that might create jobs. Political pay-offs to the illegitimate boy president's corrupt cronies won't create jobs, as this data proves. How's the hopey changey unicorn milk thing going for you?

If I took anything posted on Tech Ticker seriously, I'd bury my head in the sand and never come out. It's the most relentlessly negative, sky-is-falling source of "news" on earth. It's writers must be utterly miserable wretches.

Leo, You can add "brain-less recovery" to the list.

IDONTAGREE with any of these moron polices and we need jobs now!!! not later now!!!!!!!!!!

A couple problems here..... The previous recovery in jobs was due to: 1. the housing bubble and housing is pretty shot. 2. Spending due to a confidence in stock and asset prices. Gone also. AND: 1. the manufacturing jobs are GONE. 2. The Government is likely to tax our a^^es off to continue the march to National Socialism which will reduce disposable income. 3. Boomers are near retiring without adequate reserves. So........... By the way, anyone getting ready for the next set of Bailouts? States are broke. Fanny Mae is operating at 50:1 leverage and making loans at 3&1/2% down payments.

This picture folks says it all !!!!! way too funny and relevant http://idontagree.com/democrats-pushing-healthcare-t-322.html

Hey, here's your chance to shine! If you think it is soooooooo gloomy, write the happiness down for the Gloomy-Gus'.... come on, show your stuff. Stand tall. Nurture those green shoots.... bring some joy in Mudville. You could even cut and paste from CNBC.com.

Back side of the storm is coming.... It's going to get worse again. Consumer can't come back because in debt too much. Banks won't lend because consumers are in debt too much already. This ain't your father's recession - is MUCH different than past post-WW II recoveries. SIMPLE: Total debt in U.S. is around $57T (all public & private debt combined ~ 400% of GDP), and reality is around $170T (including the unfunded IOUs for Medicare & Social Security ~ 1200% of GDP). The $170T equates to a household earning $50K with debt load of $500-600K. Yeah..., really..... NEVER before have we been leveraged to this extent - not in real, nor in % of GDP terms (early 30s ~ 300% of GDP, late 40s ~ 200%, late 70s ~ 150%). Sure, the Gov't could bail on these IOUs, but that would not solve anything but yanking the rug out of the system. And, yes, the Fed could keep printing money, kill the US dollar, create inflation, and shrink the load, but that would also kill the system. Folks, there's no easy way out. This time IS DIFFERENT, and yes we are in for a grand awakening once reality really hits. This is going to take decades to work through.... Look for the Dow to retrace to new lows by 2011 and then SLOWLY build out from there.... Get your house in order, live within your means, save for a long rainy day period, and make sure your Congress people know you want the Federal budget balanced. We need to STOP SPENDING money we don't have....!!!! See this web site for some hard education: http://mwhodges.home.att.net/nat-debt/debt-nat-a.htm Stagflation is coming. Worse than in the '70s. Sell stocks and buy inflation-protection with U.S. Treasury strips and/or ETFs like TIP, STPZ, IPE. Youl'll only earn 2-4%, but it's better than losing your arses.... And you may actually get some capital appreciation...

Just...wait what see what happens in oct/nov....

"MySay - Friday October 02, 2009 01:14PM EDT Leo, You can add "brain-less recovery" to the list." I like that...while we're at it, let's add "unscrupu-less recovery."

They are still cutting jobs. Very few companies are hiring, or plan on hiring. The real problem is companies are still cutting .... significantly. The cost-cutting is over ... it is now survival. Cutting people at this juncture indicates there is nothing in the near-term pipeline...

I love to watch the debate between the bulls, i.e., the self-anointed optimists, and the bears, i.e., the supposed pessimists. It is amazing how few people there are who really believe in the power of objective truth. As for me, I am a bear on the economy, but I am no pessimist. The status quo is pro-war and anti-human. It offends all ethical, free-thinking people. Not only do I not dread its passing, I am rather looking forward to it.

Everyone better be enjoying these good times cause they're only going to get worse.