Obama: Unemployment Rate Likely to Rise

(AP)  President Barack Obama says unemployment is likely to tick up for several months as the economy recovers from its deepest downturn in decades.

The president said Tuesday that renewed employment typically lags behind other signs of improvement as a swooning economy turns around.

More than 2 million jobs have been lost since Congress passed Obama's $787 billion economic stimulus package. The unemployment rate stands at 9.5 percent, the highest in 26 years.

Obama said the single biggest challenge for the U.S. and other nations is the creation of enough jobs that pay good wages.

He spoke in the Oval Office after meeting with Dutch Prime Minister Jan Peter Balkenende.

[CBS-Fan]

It's just so sad to hear of the latest unemployment statistics. It definitely goes to show that we all affect and are affected by each other. Kudos to CBS, President Obama, his staff and all citizens within this world who are doing their part to help lower this unemployment rate!

While the unemployment rate is high due to job loss, on the flip and bright side, there's a definite light at the end of the ?tunnel of hope? for those individuals who are currently in the midst of employment transition due to job loss or seeking a more prosperous employment future......

???AT&T is currently hiring in numerous locations throughout the world! Examples of some of the positions currently available to those who possess excellent customer service skills are the Customer Service Representative positions for Wheeling, West Virginia and Boardman, Ohio. For those who possess excellent sales skills, there are also the Telesales Representative positions for the Birmingham (Hoover), Alabama area available!

If you or someone you know is interested in all or any one of these three opportunities mentioned, I encourage you and/or those you share this info to call immediately to schedule an appointment to meet the AT&T team: 1-866-344-5627

Note: (This is a 24 hour number with live operators standing by to receive calls.)

?Inform the operator that you are calling to apply to the Customer Service Representative position for Wheeling, West Virginia and/or Boardman, Ohio and/or the Telesales Representative. For all other opportunities with AT&T, go to www.att.jobs

Together we each can make a positive difference and do our part to help contribute to the reduction of the unemployment rate!

Best wishes to all who are currently directly in the midst of an employment transition! Put your heart and soul into doing your best and all will be well soon!

[CBS-Fan]

To all readers of my comment: Please disregard the question marks "?" within my comment to this article, it's a few bullet icons that did not appear properly when I submitted the comment. Thank you! (smile)

[6591Hou]

idcabouturproblems July 14, 2009 2:42 PM EDT
"...The deregulations are what killed the economy and Regan promoted the deregulations which sent our country into a smaller but similar recession and increasing debt...".
=========================
You are off target, deregulation didn't kill the economy - the reverse would be government regulation grew the economy (which has never been the case).
No president, Carter, Reagan, Bush, Clinton, Bush Jr, or Obama singlehandedly made the economy do anything - look to the Congress and the Senate, the rule makers(breakers) and the folks who barter political clout for lobbyist contributions - that's who steered the bus off the cliff.

[superdynamite]

Wow. He figured that out all by himself??? or did it take 5 more Ivy League morons.

I love Obama, but come on.

[richinnc]

Obama says unemployment is likely to go up and he is right about that. Company I work at laid off 8 more people today (42 of us left) . I think we need to lay off the politicians that think we can spend our way out of this mess. We also need to stop being so concerned about Wall street and Auto companies and be more concerned about Main St.

[richinnc]

Obama says unemployment is likely to go up and he is right about that. Company I work at laid off 8 more people today (42 of us left) . I think we need to lay off the politicians that think we can spend our way out of this mess. We also need to stop being so concerned about Wall street and Auto companies and be more concerned about Main St.

[WriterDoc]

While we're busy blaming politicians for our ailing economy...

Consider also the mass culture of needing - believing - that we're entitled to: a restaurant for a kitchen, a four-star eatery for a dining room, a movie theater for a living room, a hotel suite for a bedroom, a city park for a backyard, and a playground for our kids - all on middle class wages. It's an unaffordable aesthetic that grew into an addiction for America. We're partly to blame.

[GiveMeFreedom]

But I was promised all of these things if I voted for Obama! You mean the democrats lied to us AGAIN?

[GiveMeFreedom]

I guess the NEW MATH of Obama is as follows:

8% = 15%

I did not learn this of math, but maybe I am just too old.

[STBY21]

Obama:
Hates big business, but gives them billion$ in bailout$

Says he is for helping the middle class and poor, but gives us $13 a week.

Doesn't want to run the auto industry, but is running the auto industry

Hates corporate tax breaks, but now giving bigger corporate tax breaks to GM

Wanted to move away from the reckless spending of the previous administration, but now is spending money faster than any previous President.

Says he is going to create millions of jobs, so far has cost us millions of jobs

[Benton09]

If Obama's last name was anything else, he would still be president.
If Bush's last name was anything else, he wouldn't have made head janitor. The evil Bush name is the only reason we had to put up with that idiot for 8 years.

[beaumuff]

That was a pretty good guess obama,put that in the records he finally got one thing right. Remember you heard it first from Obungler.