Surprise dip in US jobless rate | Bangkok Post: business

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Surprise dip in US jobless rate

The US jobless rate sank to 7.8% in September, surprising many who expected it to remain flat at 8.1%, the Labor Department said on Friday.

The unemployment figure was the lowest since President Barack Obama took office in January 2009.

Analysts said the fall in the unemployment rate would provide the incumbent with a chance to talk about an improving economy and refocus his campaign after his poor debate performance this week against Republican Mitt Romney.

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  • spiceman

    United StatesPost : 3,556

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    Discussion 24 : 07 Oct 2012 at 15.2524

    Khun Zulu #23, under GWB, the average US unemployment was 4.5%, and his total deficit spending in his whole 8 years equals that of Obama's in a single year. Obama, unlike Romney, had never held any executive position in neither businesses nor municipalities, and now he is put in the top executive position, managing the biggest Economy in the world. Romney excels in whatever he has been in charge both in business and Govt sectors. Therefore, logic only dictates that he is the right man for the right time, and in the right place in history to lead the US and the world out of the current populist socialistic nightmare we found ourselves in, don't you think?

  • zulu

    ThailandPost : 104

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    Discussion 23 : 07 Oct 2012 at 14.5623

    khun spiceman, no, the report is probably right, we like america, for me as former west-berliner i am even thankful, what also explains why i take so much part in american politics. there is no deep rooted anti americanism in europe (put aside exceptions) - in my eyes the us and europe must never be devided, we can have/and have different oppinions but basicly we must stick together and get the russians somehow connected (free pussy riot) that they deliver us eg their gas and spend their petro euros in yourope and not in china (let us deliver the machines) . if we survived dubya we will do with rommney, but i believe for the recovery of the whole situation Obama is the better choice. but it's the american voter who will decide. and these are my last words on that subject - thank you, have anice evening.

  • spiceman

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    Discussion 22 : 07 Oct 2012 at 14.3822

    Khun Zulu #20, Oh, really? What I know is that the last time the US wanted to close down all of its military bases in Germany, in order to move them to Poland, the Germans creamed "bloody murder," and pressured their German Govt to make the US Military to stay in Germany. This statement is from www.dw.de: "'We're now in negotiations with the Americans, trying to make it appealing for them to stay at their current sites,' said Eric Schaefer, press spokesman for the Interior Minister of Rhineland-Palatinate..." So, do you think the report was incorrect?

  • spiceman

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    Discussion 21 : 07 Oct 2012 at 14.0621

    Khun Zulu #17, if you bother to know the truth about the 2007 Global Economic Crisis, please, watch a PBS' Frontline documentary, "Money, Power, and Wall Street" on Youtube. And you will know that the fuse of the "Debt Bomb" was lit by Bill Clinton, way back then, when he deregulated the US banking system. The final nail to the US Economy was driven by Democrat-controlled Congress, led by Nancy Pelosi, Chris Dodd, Barney Frank, and Harry Reid, when their subprime mortgage scheme collapsed, taking the US credit market, and eventually, the Economy down with it. Please, see it for yourself at "Timeline show Bush, McCain warning Dems of financial and housing crisis; melt down." Hope this helps!

  • zulu

    ThailandPost : 104

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    Discussion 20 : 07 Oct 2012 at 14.0220

    khun spiceman: wrong! first: the USA with it's free free market, and as a profit orientated society, let west-Germany pay for the presence of the us-forces , like the east-germans paid the russians. and it's true, after german troops were all over europe, russia and north-africa they signed responsible for 50.000.000 (fifty million) deaths, there was a kind of restraint in german society to get involved again in military interventions. germany preffered to whip out the checkbook, and the US prefferd that too, not to argue with the pesky krauts on military issues. - anyway, all what you explain happened before Obama, and he has to clean it up.- four more years :)

  • spiceman

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    Discussion 19 : 07 Oct 2012 at 13.5319

    Khun Zulu #17, Bill Clinton had to deal with Republican Congress, which insisted he sign their welfare reform into law, which stop the whole system from collapsing. In addition, Clinton benefit from the "dot-com" revolution, which breathed a new life into the US Economy, generating tremendous amount of tax revenue in the process. Obama had Democrat Congress in the first 2 years of his administration, and without any restrains from the GOP, he turned radically full LEFT off the cliff, taking the US Economy down with him. This is the reason why he got "shellacked" in the midterm election, returning the House of Representatives to the GOP big time. This is where we are right now, and on this November 7th, if the recent presidential debate is of any indication, the GOP is certain to gain back the control of the White House, and possibly the Senate also. God bless the USA!

  • spiceman

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    Discussion 18 : 07 Oct 2012 at 13.3818

    Khun Zulu #17, following WWII, during the Cold War, (West) Germany had been under US protection via NATO, and as a result, it didn't have to set aside any money to defend itself from the (former) USSR via Warsaw Pact. The same with Japan, and that's why the US had to, for a long time, and continues to spend extra money to basically defend Western Europe and Japan from Soviet aggression, as well as, involving itself in police action over European soil, like stoping ethnic cleansing in Kosovo not too long ago. Now, it is the War on Terror against islamic radicalism, which is what war in Afghanistan and Iraq are all about. For Germany, it's nice to have a free ride, isn't it, at least for a long while?

  • zulu

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    Discussion 17 : 07 Oct 2012 at 11.4417

    khun spiceman, you force me to answer you, what has ww2 with the current US jobles rate to do?
    the facts are: Clinton left office with stains on his trousers but with a balanced household, while GWBush piled ab the biggest deficit ever in US history. (not to mention the senseless, criminal war on the Iraq he started) - the USA, are great country, with great people, but not always a bright government. (a wall street banker once told me "we don't need a smart president, we run the country anyway") - it was GWBush, the man with the six senses (god is talking with him), who hammered the last nail into the coffin of the american century, and now you want to vote in, the same guys who are responsible for the whole mess. four more years, thank you!

  • spiceman

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    Discussion 16 : 07 Oct 2012 at 11.0116

    Khun Egon #15, during the first 2 years of Obama Administration, the GOP minority was strictly irrelevant as the Democrats controlled all 3 branches of the US Govt, the White House, House of Representatives, and the Senate. So, instead of fixing the Economy first, he and his Democrats rushed through one populist socialistic public policy after another, namely Obamacare, a radical energy policy starving the US industries of affordable energy they desperately need to survive, and a radical tax & spend policy. I hope you will have an opportunity to watch "2016," which will open your eyes of who Obama really is and why the US Economy is collapsing with 88 millions of Americans are out of work and already gave up looking for work as we speak. By the way, that's larger than the size of Thailand's population itself.

  • egon

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    Discussion 15 : 07 Oct 2012 at 09.5015

    Disc 9:As I said:ANALYSE!Collapsing?You kid me.To save the economy as Obama did {or you still love the really dimwitted Bush}Keynesian policies were necessary{look at auto industry,banks etc}.Add to that the financing of two wars and of course the deficit will grow due to the disastrous policies of the republicans in the past.Moreover the disgusting non-cooperation of the GPO says enough:destroying the USA is preferable to giving credit to Obama.Lucky for the world the majority of americans know better than listen to the nonsenses of Romney{12million jobs,against gays,against free choice,47% of americans are victims etc. etc.}.The drop in unemployment thanks to Obama,s policies{f.e. investing in infrastructure} as will be proven in his next term as president

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