September unemployment is 9.8 percent

[Schneed10]

Originally Posted by GMScud

I'm not disagreeing with you here. I'm just curious though- Obama said the #1 goal of the stimulus is to create 3 million new jobs in two years. I don't have any figures in front of me as to how many adult Americans are unemployed currently, but I would think that if fully successful, 3 million new jobs would swing the rate by more than .5%.

Although I guess it doesn't really matter considering we're around 8 months into those 2 years and unemployment is still rising.

Well let's do some rough math. 300 million american citizens, assume 60 million or so are seniors, another 60 million or so are 18 or under, that leaves 180 million. Then some won't be in the workforce for a number of reasons. So figure there are 150 million in the workforce.

Create 3 million jobs, that represents 2% of the workforce.

But then a lot of those jobs Obama is creating are not permanent ones. So while they create a total of 3 million, it doesn't count the ones that go away once a project is finished (infrastructure projects).

So figure a 1-2% improvement in unemployment, based on this very rough math. So now reflecting on it, if fully successful, it's a little better than I first thought.

But still, unemployment is at 9.8%, and if stimulus got a 2% improvement, that's still 7.8% unemployed. Historically very high. There's just nothing any administration could ever do to keep us at the 4-5% we're used to.

[724Skinsfan]

Originally Posted by Schneed10

But still, unemployment is at 9.8%, and if stimulus got a 2% improvement, that's still 7.8% unemployed. Historically very high. There's just nothing any administration could ever do to keep us at the 4-5% we're used to.

I can understand nothing can keep us at 4-5% consistently, but wouldn't lowering the corporate tax rate be fairly effective in reducing unemployment?

[Schneed10]

Originally Posted by 724Skinsfan

I can understand nothing can keep us at 4-5% consistently, but wouldn't lowering the corporate tax rate be fairly effective in reducing unemployment?

Yes. Though that would aslo cause the federal deficit to get worse.

[budw38]

Originally Posted by 724Skinsfan

I can understand nothing can keep us at 4-5% consistently, but wouldn't lowering the corporate tax rate be fairly effective in reducing unemployment?

This might work as well , I too would like to see us reduce the corporate tax rate Lawrence B. Lindsey: How About a Payroll Tax Stimulus? - WSJ.com . Ireland has had great success with lowering the Corp. Tax rate . Ireland 12% USA /Japan 38 / 39 % IDA Ireland Investment Promotion Agency - Tax Regime

[firstdown]

Originally Posted by Schneed10

Well let's do some rough math. 300 million american citizens, assume 60 million or so are seniors, another 60 million or so are 18 or under, that leaves 180 million. Then some won't be in the workforce for a number of reasons. So figure there are 150 million in the workforce.

Create 3 million jobs, that represents 2% of the workforce.

But then a lot of those jobs Obama is creating are not permanent ones. So while they create a total of 3 million, it doesn't count the ones that go away once a project is finished (infrastructure projects).

So figure a 1-2% improvement in unemployment, based on this very rough math. So now reflecting on it, if fully successful, it's a little better than I first thought.

But still, unemployment is at 9.8%, and if stimulus got a 2% improvement, that's still 7.8% unemployed. Historically very high. There's just nothing any administration could ever do to keep us at the 4-5% we're used to.

I keep hearing Obama has created jobs but no one can seem to point to any of these new jobs. If this is supose to be a stimulus then why have they only used 17% of the money. Maybe its a trickle down stimulus plan. I was against the stimulus but is your going to have a stimulus then have a stimulus.

[Schneed10]

Originally Posted by firstdown

I keep hearing Obama has created jobs but no one can seem to point to any of these new jobs. If this is supose to be a stimulus then why have they only used 17% of the money. Maybe its a trickle down stimulus plan. I was against the stimulus but is your going to have a stimulus then have a stimulus.

Well it follows that if 17% of the money has been spent, then only 17% (or so) of the jobs have been created.

It will take time.

[firstdown]

Originally Posted by Schneed10

Well it follows that if 17% of the money has been spent, then only 17% (or so) of the jobs have been created.

It will take time.

I wish someone could point out all these new jobs.

[dmek25]

Originally Posted by firstdown

I wish someone could point out all these new jobs.

STIMULUS WATCH: Stimulus boon for South, Southwest | General News | Comcast.net
i guess( hope) that this is the first wave of new jobs

[budw38]

Originally Posted by dmek25

STIMULUS WATCH: Stimulus boon for South, Southwest | General News | Comcast.net
i guess( hope) that this is the first wave of new jobs

We could use some good news/luck .... this also looks promising ..US Construction to See 11% Rise in 2010: Report - Real Estate * US * News * Story - CNBC.com .