November 18th, 2009
04:03 PM ET

Will unemployment get worse before it improves?

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/11/18/jobseekers.jpg caption="Will unemployment get worse before it improves?"]

FROM CNN's Jack Cafferty

The man who predicted the worst recession since the Great Depression says the jobs picture is a lot worse than the numbers imply.

Economist Nouriel Roubini says real unemployment is closer to 17.5% and that job losses will likely continue until the end of 2010 - at the earliest. Roubini suggests the official unemployment rate will peak at close to 11% and remain at "a very high level for two years or more."

Roubini also points out that a lot of the lost jobs just are not coming back including those in construction, finance and manufacturing. He suggests that the government extending unemployment benefits isn't the solution; instead they need to create jobs through infrastructure projects and provide temporary tax credits to companies that hire more workers.

Roubini says the poor jobs situation along with a weak recovery could increase the risk of a "double dip recession." In fact, while most economists agree that the U.S. economy is in recovery, many of them are calling for another round of stimulus to prevent another downturn. They point to factors like retail, car and home sales, along with oil prices and the stock market as potential trouble spots.

And Pres. Obama is also warning that too much government debt could lead to a double-dip recession.

Meanwhile a new Gallup poll shows 31% of Americans name the economy as the most important problem facing this country - that's the top of the list. Another 20% cite unemployment.

SO HERE'S MY QUESTION FOR YOU: When it comes to unemployment, are things going to get worse before they get better?

Interested to know which ones made it on air?

Jerry in Jacksonville, Florida
Yes, it will. I don't see any signs that the economy is picking up. We've shipped our manufacturing jobs overseas and the economy can't survive on being a service-based economy.

It'll get worse, clearly. And to those e-mailing you asking "How could it possibly get worse?" Well, just imagine having your $10 being able to purchase 50% less than it was able to previously. Can you say "currency crisis?"


It was rather easy to see that "free trade" would ship jobs overseas and create a jobless situation here in the U.S. I believe that is what has created the depression that we are experiencing now. From that frame of reference, I see little hope for things to get better anytime soon.

Dick in Indiana
The only reason jobs in manufacturing, construction and finance are not coming back is because we don't pass laws bringing them back. Until we get a Congress with some backbone and common sense we will continue down a path of self-destruction fueled by greed, low taxes and lack of protection of our marketplace.

John in Nevada

Jack, of course it's going to get worse before it gets better. Employers will have no incentive to start adding employees until our economic engine starts running again, and there are no bright signs of that on the horizon…. The solution is a government-assisted push to put Americans to work building a new clean energy infrastructure for America's future. Those jobs will create more jobs.

Anna in Chicago
Tax cuts for business will not bring jobs that went to China and India back. Small business can not produce the jobs that our big companies send oversees every month. Jobless recovery is only for the rich and they did not suffer in this economy. For working people, I do not see recovery.

Filed under: Unemployment
soundoff (189 Responses)
  1. southerncousin

    Much worse, the liberal administration and this corrup congress guarantee it. The only chance is if this country can squeak by until 2010 when we can elect a congress that thinks about doing the right thing, and then squeak by until 2010 without having martial law imposed and a dictatorship so we can get rid of this bumbling, inept administration in 2012.

    November 18, 2009 at 2:41 pm |
  2. Dave, Brooklyn, NY

    Yes. But only for the middle and lower classes. We always get it in the neck. The millionaires and billionaires and executives never fire themselves.

    November 18, 2009 at 2:43 pm |
  3. Jackie in Dallas

    Probably, Jack. A country as huge as the U.S. has an enormous amount of inertia to overcome. President Obama said up front that it could continue to get worse until next year.

    However, the stock market has been making modest gains, the bleeding of jobs has stablized, and there is more international cooperation, which we need to turn the economy around. Now what we need is a tax INCREASE for companies that off-shore our jobs and the financial companies to stop buying each other out and get back to their job of running themselves as businesses.

    November 18, 2009 at 2:43 pm |
  4. Randy from Salt Lake City

    Oh yeah. It will get much worse -oh, and Jack, it will never get better either. There are more and more people entering the workforce each day for fewer and fewer jobs and fewer yet that pay enough to live on. We're totally doomed.

    November 18, 2009 at 2:43 pm |
  5. Sandra in Temecula, CA

    That's what they keep saying, so I would have to say YES. I think the bleeding has slowed and the majority of jobs lost won't be replaced anytime soon, even when the economy starts to recover. Businesses will stay downsized. The policies of this administration and California are making it too expensive to hire employees and there is no incentive to work hard and make more money. No, I think we'll just keep our business smaller, make less money and enjoy life a little more.

    November 18, 2009 at 2:46 pm |
  6. Michael, Alexandria, Virginia

    This is a silly question to ask your viewers, Jack. Ask the economists or leave such questions CNBC and Kramer. Booyah! (By the way, the answer is yes).

    November 18, 2009 at 2:46 pm |
  7. Russ in PA

    With the government trying to manage the economy and provide "stimulus", of course it will get worse. How could it not get worse? Government intervention will only kill job growth, history has proven that. Until we demand a true constitutional government, demand massive cuts in spending and an end to the empire, and demand that the monstrosity that is the FED be abolished, we will be sucking hind txt for years.

    November 18, 2009 at 2:47 pm |
  8. Ken in Pinon Hills, California

    We have history of recovery since WW2. We have been an economy that has be funded by taxes and borrowing by our government. The military/ industrial complex, entitlements, money to states, etc, has cost trillions in our taxes and a national debt of eleven trillion dollars. It is the reason the economy boomed, spawning consumerism that for years rallied Wall Street to amazing highs. Indeed it was those lobbyists from Wall Street in Washington who encouraged out of control spending that flowed back to them.
    The past shows us manufacturing, making things from shoelaces to space vehicles. We don’t make things anymore; there is nothing to provide decent paying jobs, and taxes from good wages. The service industry numbers supporting those who make things is in decline. We sent our busy hands to other countries like China, and said goodbye to our manufacturing that made us a world powerhouse. Now our jobs are making others into powerhouses, as we struggle to keep the house we live in.,
    The point is, without new technology, innovation, new products, creating millions of jobs, not for export to foreign lands, we will continue to recede.

    November 18, 2009 at 2:47 pm |
  9. Paul, Austin, Texas

    Yes it will get worse before we can see things better. When you get down to it companies do not care at all for their employees and would rather out source jobs to India and yes China rather than keeping Americans at work here at home. 99.9% of American companies only care in the bottom line and do not care for the employees that get them their.

    November 18, 2009 at 2:50 pm |
  10. Jason, Koloa Kauai

    Of course, as long as people keep breeding than things will only get worse.

    November 18, 2009 at 2:53 pm |
  11. jenny


    As an employee of the Dept of Labor, Lord I hope not. On the other hand there are not a lot of jobs out there and the ones that are available are entry level and have like 100 people or more applying for the position.

    November 18, 2009 at 2:54 pm |
  12. Joe CE

    Failure to take any action to abate unfair competition makes it ,likely to get worse.

    November 18, 2009 at 2:55 pm |
  13. Tom from Philly

    Generally I subscribe to chartism its all in the math, so yes the trajectory is in the downward direction, albeit at a slower rate. But lets look at the numbers the banks and insurance companies are an incredible drag on the economy and they are stifling growth through overcharging for rates to bolster profits, and interest and fees of usury proportion. Lord forbid it were taxes going up and services being reduced so much....... then there would be a revolt.

    November 18, 2009 at 2:57 pm |
  14. Hugo Kijne

    Most likely. US employers are more prone to lengthen the working week of those who are already working than incur new labor costs when the economy improves. Only a more equitable distribution of the work over the available workforce will reduce unemployment.

    November 18, 2009 at 2:57 pm |
  15. Rich McKinney, Texas

    You bet it will. The government has no answer to the unemployment problem. The government only creates jobs within it's own bureaucracy. They can promise all the jobs they want but only private investors and business creates jobs and in a bad economy that does not happen. America buys most of what it consumes from abroad with the exception of food and even a lot of that comes from foreign countries. America has become the land of the consumer not the producer. If you want to find where American jobs went look abroad. That is where our money goes and where our future lies.

    November 18, 2009 at 3:02 pm |
  16. John from Alabama

    Jack: The unemployment rate will drop in 2010. Inventories are low and the consumer will start to buy needed items. Manufactoring will increase which means layed off personnel will be called back to work. Remember, the unemployment rate is the last sign the economy is getting better. It will take about a year to see unemplyment rate to drop to 8%. The housing starts is improving and more huses are selling.

    November 18, 2009 at 3:04 pm |
  17. Jimmy in Houston, TX

    I would hope not. I have had to lay off 50% of my staff. If I have to lay off anymore, I will just close my doors. When the economy turns around I do not plan on hiring or expanding my business for a long time. The cost of having employees has gotten too expensive. We the employers are responsible to fund the unemployment benefits and this administration is trying to force health care upon us as well. We just can't afford the cost of doing business. Liberals need to understand that we are not ATM's for all of their pet projects and our financial health and the ability to recover play a huge role in economic health. Without private sector jobs, there are NO tax payers.

    November 18, 2009 at 3:07 pm |
  18. Daniel Hormann

    No, unemployment will not rise, but neither will it go down. I see a slow 2 percent growth year after year until some major international crisis like war in Iran the middle east that will increase Gross National Product to 4 percent. Several variables exist that will dictate the future that no one can predict. Over all I see a bright future for United States.

    November 18, 2009 at 3:08 pm |
  19. Scott - San Diego, CA

    No and it doesn't really matter, this administration will keep on extending unemployment benefits and make it another Welfare program, funded by the employers who are still in business.

    November 18, 2009 at 3:12 pm |
  20. Terry from North Carolina

    everyone has downsized to cut costs and stay in business, these jobs are not coming back as a result unemployment will get worse before it gets better.

    November 18, 2009 at 3:16 pm |
  21. JENNA

    When it comes to unemployment, are things going to get worse before they get better?

    YES and we were warned when president Obama took office back in Jan.

    I've been unemployeed for close to 4 years – 3 years under GW and close to 1 under Obama.. But at least I now have HOPE where are before I had NONE..

    Roseville CA

    November 18, 2009 at 3:20 pm |
  22. Larry, Ohio

    Jack,with the way this administration does things,I would think everything will get worse before it gets better!

    November 18, 2009 at 3:20 pm |
  23. JENNA

    When it comes to unemployment, are things going to get worse before they get better?

    YES and we were warned when president Obama took office back in Jan.

    I've been unemployed for close to 4 years – 3 years under GW and close to 1 under Obama.. But at least I now have HOPE where as before I had NONE..

    Roseville CA

    November 18, 2009 at 3:21 pm |
  24. Greg, Ontario

    That's up to us Jack. We can sit in a corner and whine about how unfair things are or we can pick ourselves up, brush ourselves off and get back in the fight. That will turn unemployment levels around. Governments and adminstrations don't creat jobs (That's Communism), we do it with our spending, borrowing and the creation of new business. We seem to be stuck in this mire of it's the governments fault or the banks fault or the economies fault but I don't see anyone (except that Cramer on Mad money) doing or suggesting what to do about it. Enough already let's stop the crying and get on with it.

    November 18, 2009 at 3:21 pm |
  25. Joan B

    Unemployment will go to 11.8 mid summer next yr. Then some improvement and then "hyper inflation" that will be caused by the massively stupid ADM we have now, inc Congress.
    Joan B

    November 18, 2009 at 3:22 pm |
  26. Ed from California

    Unless there's a new scientific break through that will employ some 20 million people with good paying jobs, we will keep witnessing more of the dying quivers of the American job market.
    We either have to start buying only Made in America products (good luck). Manufacturing hires more people than any other industry. Except these jobs are now in Communist China (their NOT our friends). Not everyone can be employed by Mc Donalds Corp. We need to demand the President and all members of Congress to bring our jobs back, and heavily fine, or better yet, Nationalize those companies that left. This problem wasn't going on 25 years ago!
    CNN get on it!!

    November 18, 2009 at 3:24 pm |
  27. Jerry Johns Creek, GA

    Unemployment will get much worse in the near term. The government stimulus has not created sustainable jobs and especially sustainable jobs for the more well educated employees. Jobs have been created in short term projects like paving roads but a newly paved road does not create a long term opportunity. We need businesses along side the new roads. We have rescued those who bet on derivatives and cid's but have not created a basis for long term investment based on a solid financial evaluations. We are in a tremendous amount of trouble if Washington cannot get their hands out of the pork barrel.

    November 18, 2009 at 3:24 pm |
  28. Larry from Georgetown, Texas

    Yes it will Jack. My crystal ball shows an unemployment rate at 11%+ and will remain high until August of 2010 which is just prior to the elections, at least that's what the Democrats have planned. Now the Republicans are trying to keep it high until after the elections next year so they can get back in power and reduce taxes for the wealthy.

    November 18, 2009 at 3:29 pm |
  29. Melissa

    Maybe a little worse, but not alot worse. You know what makes it worse? People freaking out and overreacting. If people would calm down, including employers, it would all stabilize. But the news agencies have a vested interest in reporting controversy and fear because it means ratings and they make it worse.

    November 18, 2009 at 3:30 pm |
  30. Mark

    Yes, and it will spike in 2012 when Obama and Biden lose THEIR jobs!

    Mark in OKC

    November 18, 2009 at 3:32 pm |
  31. Ed

    I'm currently unemployed. So, mathematically, my unemployment can't get any worse.


    November 18, 2009 at 3:33 pm |
  32. Rick Medina,OH


    When you read that roughly half a million people apply for new unemployment benefits each week, it is hard to conclude that we're reached bottom. One can only hope that we're close. The larger concern is the pace of the recovery ... it appears it will likely be the economic equivalent of 'watching paint dry.'

    Rick, Medina, OH

    November 18, 2009 at 3:35 pm |
  33. Moe Highland Village tx

    Not if Obama's staff does the paperwork..

    November 18, 2009 at 3:38 pm |
  34. Tina Tx

    I forsee it staying stale but maybe there is a glimmer of hope. These companies could start hiring instead of working what they have into the ground. Why is it that companies do not want to help out the America worker? They would rather take the jobs overseas and pay a foreigner to work for slave wages. This must be stopped now. Keep jobs here and work with our workers on wages & benefits and quit being a jerk.

    November 18, 2009 at 3:44 pm |
  35. Denny from Tacoma, WA

    With the democrats in power, yes it will. The top business executives still want to reap their individual profits and if they can't have their way, they will get leaner and leaner, unless of course they have more access to government stimulus money.

    November 18, 2009 at 3:48 pm |
  36. Nichole

    Jobs are the last thing in the economy to recover. This recession isn't any different. We will see a steady decrease in jobs lost. Once the bleeding has completely stopped and business become confident in the economy, they will begin to rehire. Then the jobs will come. So yes, this will get worse before they get better.

    November 18, 2009 at 3:48 pm |
  37. pat stewart

    It depends if you're saying our economy has hit bottom yet. Yes, I believe the amount of Americans who're unemployed will continue to climb until someone on the Hill brings it up to the President. I mean, like screams it out loud in the Congress.

    November 18, 2009 at 3:51 pm |
  38. Layne Alleman

    Jack, As long as corporations can achieve a better profit margin by making fewer workers do more,or simply manufacturing abroad, I don't see how it can't rise. This whole battle cry of "We're going to create millions of new jobs",is nothing but a cruel joke to keep the masses at bay(much like American Idol, Survivor, ect., ect., ect., ect.,). Layne A. Antioch, Il.

    November 18, 2009 at 3:52 pm |
  39. Don in Saint Louis

    It is pretty simple. If the products you buy do not say Made in USA, you just helped bolster our unemployment in the USA.

    November 18, 2009 at 3:56 pm |
  40. Lucy

    Oh God, I hope not.

    November 18, 2009 at 3:58 pm |
  41. Karen, Idaho Falls, Idaho

    Of course unemployement will get worse until there are jobs that pay a living wage. Most employers are hiring part time workers to avoid paying benefits. That makes two people counted as working–they just make half a salary. Makes the government look good and the worker remains in poverty.

    November 18, 2009 at 4:01 pm |
  42. Michael and Diane Phoenix AZ

    Probably, my son has been looking for work for a year now, and is finally going to return to college where at least he can at least get work on campus while going to school.

    November 18, 2009 at 4:02 pm |
  43. Richard Hill

    Yes Jack, I would vote for him if he ran again, even though I didn't vote for him in 2008. He has tried to bring a sense of reason, patience and truthfulness to the office which was clearly absent with the previous administration. No longer are we constantly being bombarded by the three mainstays of the GOP-Fear, Smear, and Denigration. We finally have a president who doesn't want to Privitize Profits and Socialize Losses (just look at the GOP's position regarding Wall Street and Taxes) or demonstrates a Cowboy Mentality regarding foreign relations.

    November 18, 2009 at 4:04 pm |
  44. Meg from Troy, Ohio

    I think that it is already getting worse and is still heading downward. There are so many people here in Ohio out of work–my brother in law since January with no prospect of any kind of job in sight for him. It's a scary world out here.

    November 18, 2009 at 4:09 pm |
  45. George Guadiane - Austerlitz, NY

    Almost certainly.
    Banks got bags of money from tax payers and managed to right back to huge profits and huge bonuses, but little to no lending to small business so that we can get small business jobs back on track.
    The Auto Industry is on it's hands and knees, with little hope of needing more workers FOR YEARS, so not much hope there.
    Unemployment means less to no money for those people. With less or no money, the "Consumer Driven Economy" won't be making any service jobs.

    Until Capitalist/Corporate entities grow a conscience, and some Patriotism and start helping more than just themselves, it could take a long time and get a LOT worse before things get measurably better.

    November 18, 2009 at 4:22 pm |
  46. george

    Probablly so, but had rather take my chances with the in crowd, than the ones that were there who caused all this mess. You had the walls come crumbling down around you while the other party was in control, and you expect some else to just snap their finger, and it will get better. If you have one bit of common sense about you, you would know that it doesn't happen that way. Too many people are looking for quick fixes, and GOD only knows i wish there was one, but not in this case. Just like we had eight years of Bush's destruction, you will have 3 more years of reconstruction under Obama. Then you get your chance to vote again for you choice as President, so how about 4 more years just like the last four years of the Bush era?

    November 18, 2009 at 4:25 pm |
  47. Frank from Peterborough

    The job market is going to get much worse for Americans with all the decent manufacturing jobs being sent to 3rd world countries and many of the high skilled jobs being given to foreign workers with superior education and skills.

    November 18, 2009 at 4:26 pm |
  48. Mr. D

    The rate of job losses probably will continue to fall, but a general ramp-up of new jobs is not on the near term horizon. Do more with less is the new mantra, and this will slow new hiring. Consumer are still wary and will continue to be thrift shoppers.

    November 18, 2009 at 4:27 pm |
  49. Avalon

    Of course it will. Alot of money is being syphoned off at the top of any profits companies are making. These monies use to be spent on things to build and expand companies. To make them better, innovative and more profitable. Now all the top players get big bonuses to cut, reduce etc. They are not thinking long term just immediate gains. How much cheap foreign crap can we all puchase while we are unemployed?

    November 18, 2009 at 4:27 pm |
  50. Carl D.


    Unemployment will continue to get worse as long as we have people like Bill Gates around, wanting to get rid of hard working legal American citizens so he can replace them with his cheap imported help. We can't continue to out source all our jobs, and flood our boarders with cheap illegal alien help. If this crap is allowed by our government to go on, the United States will soon become a 3 thd. world country, just like Mexico. I don't understand why our government cannot see this happening, or they probably do, there just getting another pay-off to look the other way. Our so called worthless elected government officials continue to sell the Legal American citizen out everyday.

    November 18, 2009 at 4:30 pm |
  51. Rick McDaniel / Lewisville, TX

    Yes, it will get worse.

    I have predicted 2012, to bottom out, and 2014 to actually improve, soonest.

    November 18, 2009 at 4:30 pm |
  52. Alex in Seattle

    Yes, since people are still losing their jobs, although at a slower rate. Hopefully seasonal hiring for the holidays will continue to reduce the overall rate of jobs lost.

    November 18, 2009 at 4:31 pm |
  53. Sean in California

    Yes, unemployment will likely get worse before it gets better. Corporations like profits because they're good for the stock price, and hiring people cuts into that margin. A few good quarters with the staff they have now, and then they'll bring on more people.

    November 18, 2009 at 4:32 pm |
  54. Carl D.


    Unemployment will continue to get worse as long as we have people like Bill Gates around, wanting to get rid of hard working legal American citizens so he can replace them with his cheap imported help. We can't continue to out source all our jobs, and flood our boarders with cheap illegal alien help. If this crap is allowed by our government to go on, the United States will soon become a 3 thd. world country, just like Mexico. I don't understand why our government cannot see this happening, or they probably do, there just getting another pay-off to look the other way. Our so called worthless elected government officials continue to sell the Legal American citizen out everyday. It is a shame that CNN silenced Lou Dobbs, in my opinion, this was a major loss for CNN.

    November 18, 2009 at 4:33 pm |
  55. Peter from Canada.

    Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.

    While losing 200,000 jobs per month is better than the 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 during the last recession.

    Also, remember: The last recession ended in November 2001, but job losses continued for more than a year and half until June of 2003; ditto for the 1990-91 recession.

    November 18, 2009 at 4:33 pm |
  56. KarenB, central Florida

    Unless companies bring jobs and companies back "en masse" to the US, things can't do anything but get worse.
    Where possible, stop buying foreign made - promote "made in USA" while we still can.

    November 18, 2009 at 4:34 pm |
  57. Richard, Syracuse, NY

    YES. Think of Unemployment as a Run Away Truck....you must slow it down before you can stop it, and then reverse it.

    And it is my belief that some Companies are taking this opportunity to trim their higher paid employees in the hopes of getting tax breaks that will allow them to hire newer less experienced employees who will earn less money.

    November 18, 2009 at 4:41 pm |
  58. Darren

    It's always darkest before the dawm and job growth is always the last indicator of coming out of a recession, even the worst recession since the Great Depression.

    November 18, 2009 at 4:41 pm |
  59. Jackie in Dallas

    Probably, Jack. A country as huge as the U.S. has an enormous amount of inertia to overcome. President Obama said up front that it could continue to get worse until next year. And with the Party of No kicking and screaming and avoiding doing anything at all, there's not likely to be much improvement any quicker.

    However, the stock market has been making modest gains, the bleeding of jobs has stablized, and there is more international cooperation, which we need to turn the economy around. Now what we need is a tax INCREASE for companies that off-shore our jobs and for the financial companies to stop buying each other out and get back to their job of running themselves as businesses and loosen up the credit crunch. As well, the greatest percentage of stimulus funds have not been allocated into job creation yet.

    One thing troubles me, though. The Press. The bias against reporting any good news, specifically. Also, the fact that we are not going to gain jobs back in some industries...they are dead. We need to open new fields and new areas of employment.

    November 18, 2009 at 4:42 pm |
  60. Jackie in Dallas

    I have an idea, Jack, for next week's questions. Think you can come up with some positive things to ask about? What are people grateful for; why are they proud to be Americans; why even our bad news can be good for the country...you get the idea.

    If we start focusing on some positives, maybe some solutions for the negatives will be created.

    Or how about a commentary about food kitchens/banks and whether people intend to help each other out?

    November 18, 2009 at 4:46 pm |
  61. fred

    Well, duh! Obama said the stimulus would stop unemployment @ 8%. It's over 10% and there's no end in sight. Since the liberal media backed Obama, why don;t you folks have a hiring spree? Aren't you bearing the fruits of the Obama agenda?

    November 18, 2009 at 4:46 pm |
  62. Joe in MO

    I hope not.

    November 18, 2009 at 4:48 pm |
  63. Rob in NC

    Absolutely. Most of the jobs are gone, never to return. The small business owners had to close up shop and the big businesses pay 25 cents/hour to workers overseas. I'm pretty sure there aren't enough gov't jobs to hire everyone. Rob in NC

    November 18, 2009 at 4:54 pm |
  64. Ron Temecula


    You know better than to ask a question of this nature. If history is an indicator, we should have hit the bottom in January of this year. So the job market should start recovery as soon as the stock market begins to recover.

    Ron Temecula Ca

    November 18, 2009 at 4:55 pm |
  65. Jim


    That does seem to be the consensus opinion among economists. I've seen estimates ranging from 10.5% to 13% before the unemployment rate finally turns around. You have to hand it to those Wall Street folks. When they screw up, the entire country feels their pain. How did unelected persons get that much power in this country?

    Reno, Nevada

    November 18, 2009 at 4:58 pm |
  66. Lance, Ridgecrest, Ca

    Jack, easy question. Answer, you can count on it becoming worse, much worse before it even starts to get better. I don't think Roubini is right about 11%, because the administration will "game" the numbers and more people are going to "fall out" of the count before next summer. I do believe that the actual number is closer to 20% than 10%, and that the actual number will approach 25% before it gets any better. I can also almost guarantee that a second stim package will pass Congress next summer in an attempt to salvage the elections. Washington business as usual.

    November 18, 2009 at 5:00 pm |
  67. Gail, Plano,Texas

    In a word, yes Jack. Some jobs will never come back. We as a nation manufacture nothing, zilch, nada. And with the advent of promoting a no smoking environment, we kissed the tobacco industry goodbye. As far as you saying that jobs in construction are being phased out, come to TX. That is all we do here. Build new schools and buildings instead of using the ones that have been deserted. It's called waste.

    November 18, 2009 at 5:06 pm |
  68. Woody ,Blytheville AR

    Of course they will, small business has no incentive to hire, and are worried about the inevitable increase in taxes that are on the horizon. Hows that hope and change working for you?

    November 18, 2009 at 5:07 pm |
  69. lonnie

    is there corruption in politics?

    November 18, 2009 at 5:15 pm |
  70. TJ in PALM COAST, FL

    YES!!! I would definitely vote for President Obama again given the chance – don't you remember the alternative? Or do you think Ms Palin would have quit the VP position by now as she did the governorship?

    Polls schmolls.... Americans change their minds constantly. Maybe that's why our forefathers made it 4 year terms so we couldn't change our minds immediately.

    November 18, 2009 at 5:16 pm |
  71. Paulette from Dallas,PA

    Yes. There are no major developments on any front that indicate jobs will be flowing back to the unemployed anytime soon. The jobs that were outsourced by big corporations are lost forever. The small businessman can't afford to create jobs for people. Rather than all of these crazy stimulus packages the government needs to implement a program like the Concentrated Employment Training Act like it had in the mid 1970s. Pay companies to hire and train people and at the same time pay for their insurance. Obviously the 70s program was a success and surely will work again. It beats welfare and will train people for new jobs and life in the 21st century while allowing them to maintain their dignity and feel good about themselves.

    November 18, 2009 at 5:20 pm |
  72. Steve, Clifton, VA

    Based on public announcements by this administration back in February/March 2008, unemployment will get worse before it gets better. The financial health of the country is already taking place and if you have lived through a recession before, the employment picture is always the trailer. One of the first things that we all can do as US citizens is to have faith that unemployment will diminish as opposed to asking questions as to why haven't numbers improved already after the election of a president who has only been in office for 10 months.


    November 18, 2009 at 5:21 pm |
  73. Chuck in Oxon Hill, Maryland

    Probably, and the bad thing about it is I am educated, unemployed person who has been with the same company for 9 years with excellent performance reviews who can't buy a bucket oh...I mean job right now to save my life. It seems like the plan is to bust out and bankrupt a percentage of the popuation right now for monetary gain. It seems like the capitalistic or American way. Maybe Sarah Palin can help us seeing as though she commands so much of the cable news networks airtime....

    November 18, 2009 at 5:27 pm |

    I think it will get worse. Untill corporations stop outsourcing everything they can, and government actually does something to create jobs instead of what the 1st stimulus ( or porkulous ) was, we will be in dire straits.

    November 18, 2009 at 5:27 pm |
  75. frankie

    President Obama warned us repeatedly, that it would take awhile for jobs to come back, this shouldn't be a surprise. The disaster caused by years of laissez-faire government and unbridled financial greed, is being righted at the expense of American workers. It would not be "socialism" for the Obama administration to regulate and correct this mess, including abusive medical insurance, so that we can have real capitalism once again.

    November 18, 2009 at 5:30 pm |
  76. Simonsays/Orlando

    Absolutely. We now have a president that thinks that throwing money at the problem will work. They faked the number of jobs created so far and they will keep doing that until people wake up and realize that they really have no idea how to solve the problem.

    November 18, 2009 at 5:31 pm |
  77. Donna Colorado Springs,Co

    Of course unemployment will get worse before it gets better. It has always happened that way with every recession I can remember. This seems to be a new concept to the presidents critics as if they've never experienced it for themselves before!But, it does give them something else to whine and bitch about, doesn't it?

    November 18, 2009 at 5:32 pm |
  78. Diane Dagenais Turbide

    I do not have a crystal ball but it was crystal clear from the very beginning that the stimulus package had to be much bigger because of the unprecedented financial crisis but the republicans scare the heck out of people of getting the real help they deserve to get back on track! Call it stimulus bill or job bill I do not care since it is a bill to get back on track the people who needs it the most! Even the banks that got bailed out are still slow at loaning money and they are not prepare to take risks so government has to step in regardless of what republicans say! So we need to invest massively in more infrastructures projets and green infrastructures and yes tax break to get companies to hire again (and to think republicans and some from the private sector are usually proud to constantly keep on saying we can fix the market on our own and yet private sector is not moving and taking risks on the american people!) Even China has invested more of its GDP in green projects! Time to stop the fake rhetoric that government is getting bigger and out of hand! Government is there now to make life better for families, businesses until people get back on their feet and start having confidence again in taking responsible risks and innovate once again in how to create wealth from the green revolution-evolution!

    November 18, 2009 at 5:33 pm |
  79. Nancy, Grand Ledge,MI

    I hope not! There won't be anyone left in Michigan if it gets much worse. People have to go where the jobs are, and they are leaving here in droves! But I don't really want to move to China! Can I watch you from there, Jack?

    November 18, 2009 at 5:33 pm |
  80. adem

    Yes, the growth that we are having in GDP is not a self sustained growth; it is the bailout growth.

    November 18, 2009 at 5:35 pm |
  81. honestjohn in Vermont

    I am positive the REAL unemployment numbers are very high, like 18-20% and I see zero improvement in sight. Things are going to get worse even though at first glance Wall St and banks (all bailed out) appear to be making lots of profits; over on main street times are getting bleak and there is no bailout for us.

    November 18, 2009 at 5:35 pm |
  82. david doherty

    Jack, what makes you think that things will ever get better? If we continue to have the same sort of government, things will never change. congress is to worried about greasing palms and stuffing their pockets to worry about, we the people! The way things stand, with all the different company's sending jobs off shore to maximize their profits and our government doing nothing to stop this trend, then yeah things will get worse long, long before they ever get better.

    Dave from NH.

    November 18, 2009 at 5:36 pm |
  83. mike of Florida

    Jack, its going to get worse. Recovery.gov shows a project in Georgia that started 300 jobs on less than a 100k in money. Change has become a Sham. Nothing is changed. Same status quo by politicians who don't know right from form wrong or how to get up off their asses and actually see whats happening in the community.

    November 18, 2009 at 5:38 pm |
  84. Gary H. Boyd

    Of course it will Jack. Just look at what happened to Lou Dobbs.

    Gary from Scottsdale, Arizona

    November 18, 2009 at 5:42 pm |
  85. Ted, Aloha, OR

    Nouriel Roubini.
    Wasn't he the same guy who spoke before congress on behalf of the stimulus for passage as quickly as possible to help create jobs? He strikes me as nothing more than an opportunist market fringe dweller. Kind of like your stockbroker who always makes money whether you do or not. Or an ignorant breast cancer task force.

    November 18, 2009 at 5:42 pm |
  86. john ..... marlton, nj

    Yes, unemployment will probably get worse before it gets better, but only by a couple points. Unfortuneately, (for those unemployed) productivity will likely increase inspite of the rising unemployment, suggesting the "unproductive or under productive" are those in the ranks of 'unemployed, making 're-employment' very difficult. .. Why would an employer hire back an 'under-productive' employee ... unless the employer is or is owned by the government ??

    November 18, 2009 at 5:50 pm |
  87. anthony...nj

    President Bush, who created this nightmare is unemployed but I'm sure he's not cutting corners. I have confidence that president Obama's administration has calculated the best job creation programs considering his what he inherited. Most presidents, unlike George W. Bush, abhore failure. Time is Obama's enemy since impatient Americans and snarling republicans demand instant solutions. Unemployment may rise a bit but I think the worst is over.

    November 18, 2009 at 5:50 pm |
  88. Jeff Crocket in New Britain, CT

    Today Obama used the term double dip recession! He knows things are going bad again! Yes things will deteriorate again!

    November 18, 2009 at 5:52 pm |
  89. Scott Stodden

    I believe things have already gotten worse just this year alone when it comes to unemployment. After we settle this health care issue we need to really focus on the economy because if we don't Jack we will see things get worse with our economy and it'll be so bad that we won't know how to fix it I pray everyday that things don't get worse and with President Obama in office I think before 2012 we will see so much improvement that we never thought would be so just give the man time we can't change the Bush Mess in 1 year in office and everyone should have the brains to know that. Re-Elect Obama/Biden 2012 baby

    Scott Stodden (Freeport,Illinois)

    November 18, 2009 at 5:59 pm |
  90. Diane Dagenais Turbide


    it is encouraging to read how much people have respect and clarity of Obama's presidency!

    November 18, 2009 at 6:00 pm |
  91. Ralph Spyer chicago Il

    Not in China.

    November 18, 2009 at 6:00 pm |
  92. Francine-IN

    No, there are jobs out there now, low paying but there are jobs. I have appled for many of them but there are over 100 apply for the same job, but you keep on apply until get your 3rd interview.

    November 18, 2009 at 6:04 pm |
  93. Mysterious, Chicago

    President Obama said that unfortunately, the way the recovery works, employment will come back, but it won't be quick.

    All of this didn't happen overnight. Everything can't be done in a microwave minute.

    I have complete confidence in President Obama and his administration.

    November 18, 2009 at 6:06 pm |
  94. Antonio from Washington D.C.

    Jack, as Americans, we must believe that with faith, nothing is impossible. Faith without works is dead!

    November 18, 2009 at 6:07 pm |
  95. JB

    Unemployment will get worse before it improves, if in fact it does improve. Two reasons why it will get worse are...

    1) Corporate greed – Companies that could prevent layoffs or hire workers will not because they want to continue to blame the layoffs and hiring freezes on the economy. However, their superabundant profits tell a different story.

    2) H-1B visas – The real unemployment rate is close to 17.5%; yet, this government continues to allow companies to bring in foreign workers with H-1B visas.

    November 18, 2009 at 6:13 pm |
  96. Victor in Saanich, B.C. Canada

    Well Jack, wait and see !! After the New Year, when the reality of 'Main St.' is shown by the low retail numbers, the closing of many stores, the release of many people brought in for the Xmas non rush and the subsequent general slide of the economy will signal a new downward ride !!

    November 18, 2009 at 6:13 pm |
  97. Jim Carroll

    I have had a plan for solving unemployment for over forty years. All the President, Congress and the News media need to do is spend an hour at the internetfreepress.com web site.It is just as much the fault of the News Media for the mess we are in as the President and Congress. They keep asking the wrong questions. Goods and Services are what have real value–not money. Article 1, Section 8, of the Constitution gives
    the Federal Government the power to create money. Which comes first: the chicken or the egg? The money must be created before the real value can be created. Goods and services have real value–not the money. We don't need to borrow one devil damn penny from China.

    November 18, 2009 at 6:14 pm |
  98. Jerry - Fountain CO

    Sure – cut out mammograms! Then the insurance companies will have more money to contribute to political campaigns. It's always about $$$.

    November 18, 2009 at 6:14 pm |
  99. Mike from Denver

    Probably Jack, but artificially boosting the numbers with stimulus money will only postpone one problem by creating another.

    November 18, 2009 at 6:16 pm |
  100. perry jones

    yes much much so this is the begging of the down hill slide for jobs perry jones
    council bluffs

    November 18, 2009 at 6:16 pm |
  101. Claudia Schultz

    You would think Obama would of been concentrating on Job creation, instead of his socialized medicine ideas...Oh yea, wasn't the STIMULUS BILL ALL ABOUT JOB CREATION....How's that working out???

    November 18, 2009 at 6:16 pm |
  102. Kevin in MA

    Absolutely. The president hasn't realized that the problem hasn't been solved yet. By the time he decides or concedes that something needs to be done it will have gotten alot worse. Stimulus with poor accounting is giving a false picture. He (Obama) needs to wake up.

    November 18, 2009 at 6:18 pm |
  103. Adam Simi Valley, CA

    How do you see them getting better? Other than borrowing money to create more temporary government jobs and superficially propping up the economy, nothing has been done to stimulate true job growth. We are taking on more debt and creating a huge tax burden at every turn we will never have a manufacturing base return to America in this Corporate Adverse climate. Whether people understand or not, companies are going to go where they can make the greatest profit and unless we create a "right-to-work" nation and reduce the tax burden there will be no meaningful jobs created here. I am afraid things are going to get worse and stay worse until the American people wake-up, reject, and unwind all these Socialist/Marxist Utopian programs and policies.

    November 18, 2009 at 6:19 pm |
  104. michael armstrong sr. TX.

    You can bet your ass its going to get worst last year we had consumers this year we dont retailers are going to go bust and shut there doors because of lack of capital to keep there doors open causing more unemployment to the workers but you can damed well bet that the banks and insurance and utility companys and oil companys are going to have a very merry christmas a bunch of bandits the whole lot of them.

    November 18, 2009 at 6:19 pm |
  105. Rus in St. Paul, MN

    They likely will continue to get worse. Looking down the pipeline, in 2011 we have the expiration of the Bush Tax cuts, and if passed, 2012 would start Cap and Trade and 2013 Health Care Reform. All of those individually will put a large tax on business, combine those in a small window of time, and there is a formula for long term high unemployment rates.

    November 18, 2009 at 6:19 pm |
  106. Jim in Alabama

    Yes Jack I believe that it will. Unemployment is always the last thing to turn around in a recession and this has been a deep one. Obama has done everything he could such as extending unemployment benefits, trying to force banks to begin lending again, and now considers another stimulus. All these things would work together to create more jobs, except extending unemployment benefits, and that will help some weather the storm. Republicans don't have any viable ideas either people, so why get down on Obama,

    November 18, 2009 at 6:21 pm |
  107. Ronald Holst

    Jack I am terribly sorry but My Cristal ball just dose not work any More Damn Democrats They even messed that Up .
    Ron San Antonio

    November 18, 2009 at 6:21 pm |
  108. Art Surette

    Of course unemployment is going to get worse.

    There is no hope coming for the Business.

    There are no new jobs or hope for small business. The big banks are just simply taking care of themselves.

    The Car companies and Unions ripped us off worst than Madoff.

    This Administration and this Congress scares business to death.

    The Green Energy Monster with very little science to prove it can work or compete stands to destory the existing Energy Business.

    Retired people are scared to lose what little they have.

    Where is the Hope? I am a down the middle Center person but even Clinton gave hope by saving what is right with America will fix what is wrong with America but this Obama clown has not a clue period.

    CNN is not reporting on exactly where all the money is for TARP or Bailouts.

    People have no trust or hope in the Government or the News.

    We will hit 13% before it goes back down.

    Gives us reports on Hope.

    Use the energy we got.
    Drill Drill Drill
    Raise the Prime Interest Rate
    Cut loose the permits and build 45 Nuke Plants
    Cut Taxes

    November 18, 2009 at 6:26 pm |
  109. Rick

    After U.S. automakers got their wake up call and the real estate market corrected itself, no industry stepped up to boost our economy. Don't even get me started with the stimulus packages and bailouts. As more businesses and corporations go under, unemployment will continue to rise. Unfortunately, there is no guarantee that it will get better. According to socialist belief aren't all capitalist societies doomed to fail eventually?

    November 18, 2009 at 6:33 pm |
  110. Bruce - Delaware

    It will get worse and never improve as the Reptilian elite mastermind the implementation of corp-global slavery starting with the carbon credit scam and the Iranian war. The tipping point s almost here.

    November 18, 2009 at 6:36 pm |
  111. Linda in Arizona

    No doubt. Roubini says, ... "they need to create jobs through infrastructure projects and provide temporary tax credits to companies that hire more workers." Why hasn't anything like that been done already? I thought Obama would do more things like FDR's WPA and so forth, but I haven't seen anything like that. I really have zero confidence that the economic downturn is over. And YES, we need another stimulus.

    November 18, 2009 at 6:44 pm |
  112. Barbara in NC

    Probably –

    The wealthy got tax cuts several years ago to create jos – they didn't. They saved their money and outsourced the jobs.

    The wealthy now want MORE tax cuts to create jobs, and will probably hold off on creating those jobs until they can buy a republican presidency – AGAIN

    November 18, 2009 at 6:45 pm |
  113. hank, montreal

    Yes Jack, the unemployment situation will get worse,,,,a lot worse. The reason being that Obama has delegated the economy to Larry Summers and Tim Geithner who are in it only for themselves and their Wall Street banksters. And, moreover he has an incompetent Bernanke heading the Federal Reserve whose main mindset is to hide the corrupt trades the Fed is and has been involved in, These 3 officials are ruining America for generations to come. A depression with a capital D is fast approaching!

    November 18, 2009 at 6:48 pm |
  114. Jerry Jacksonville, Fl.

    Yes it will, I don't see any signs that the economy is picking up, this is a where we've shipped our manufacturing jobs overseas and the economy can't survive on being a service based economy.

    November 18, 2009 at 6:50 pm |
  115. Angie

    It is always darkest before the dawn.
    But when the sun shines it will shine brighter than it ever did before.

    But the truth can never be denied:
    The unemployment was caused from a chain of events which began long before 2009. In fact we could even say it began long before 2007.
    Because of all the lessening of regulations and regulations that were omitted in the regulations dealing with banks and financial institutions that the Bush administration and republicans did since they took over in 2001 it is a wonder that we did not see this coming.
    Or were we just ignoring the signs, and too blinded with the wool pulled over our eyes during the last 8 years.
    And are we so used to that same wool that blined us that we dare to blame the new guy on the block for the sins and crimes committed by the Bush Republican administration?
    When will the Republicans stand up and say, 'Yeah, this was our fault and we should of never gotten rid of those regulations nor should we Republican have ever lessened the regulations that were still in place.'

    November 18, 2009 at 6:50 pm |
  116. Rusty from Hershey - Economist

    Absolutely! We are on a "momentum" ride right now, waiting for all the events to merge! The banks were given a bailout that did nothing but save the banks from failure and not bailout anyone it was supposed to, let alone the small businesses that need it.
    The stimulous bill of $800 billion did nothing to help lasting infrastructure, and very little of jobs that we know of legitimately, nothing that will last, except the expenses that the states will be obligated next years (can CA pay these?).
    Unemployment will rise to at least 12% or more and we will see a "double dip". By an economist!

    November 18, 2009 at 6:54 pm |
  117. albert

    I keep hearing about tax credits. As a business owner, I certainly wouldn't run out and start a hiring binge just because I could get a tax credit. It seems to me that the only thing that would give a business owner the confidence to hire in any significant way is PROFITS! What can anyone (government or otherwise) do to make people with no jobs spend money? Where are the TRUE experts on job creation?

    November 18, 2009 at 6:55 pm |
  118. True American

    Hello Jack, the truth remains that; sometimes it does depending on the nature of the economy as at when it became worse. The Bush Administration destroyed the foundation of true americanism. The problem enlarged as a result of his economic policies so it may take a little time and not worse before recovering if only those issues taken by the Bush's administration is revisited. Those billions spent in pursuing agenda's of personal interest, those tax breaks on the wealthy Americans, and many more...you know all of this. Then let the congress give peace a chance. We are heading into rocks if the republican beaurocrats continue this way.

    November 18, 2009 at 6:57 pm |
  119. Thom Richer

    Sadly it will and for some time to come. The corporate and Congressional attitude toward the American worker today is impractical and condescending to say the least. Neither believe the American worker deserves a living wage for their work. Neither believe they deserve retirement or health benefits. Both believe that those who have a job ought to be grateful and should work for as little as possible, do more and more and put in longer hours even if not compensated for them. Both believe only businesses and employers deserve tax breaks. Both think stimulating the economy means cutting back the work force to a skeleton crew to ensure huge profits for those at the top. Both believe companies deserve to send their jobs over seas to 3rd world companies for slave labor wages, then expect American households to buy their products stamped, "Made In Anywhere but the United States." They expect us to do that without jobs that pay a living wage. So, yeah, unemployment will continue to grow as long as Corporate America and Congress look down on American workers with disdain and lack of concern for their well being. The economy will never improve or stabilizeuntil jobs are back on our soil and respect for our labor force is restored. Nothing will solve our economic woes but EMPLOYMENT.

    Thom Richer
    Negaunee, MI

    November 18, 2009 at 6:58 pm |
  120. Gigi Oregon

    I believe things will get worse between now and May. Things are not better in Oregon, and in the rainy season much of our jobs will be slowing down in housing and construction. Our home values have gone down again this year. Many on the market are sitting vacant. This is discouraging for the Willamette valley. I don't see things getting better. The fighting between the two parties and their not working together is a large factor, in my opinion, for the American people and the American dream. If they showed any real concern they would step back and work together. But their homes are warm and their pantries are full. And our jobs are gone.

    November 18, 2009 at 6:58 pm |
  121. Chad from Los Angeles


    You can't sent jobs overseas for the last 30 years and expect no repurcussions. End NAFTA and GATT so we can begin producing items in the US again. Extend tax cuts for businesses producing items domestically will help too.

    November 18, 2009 at 6:59 pm |
  122. True American

    Let us work more together other than pursuing partisan superiority at the expense of the American people. This is bad politics i tell you and we cant continue this way.

    November 18, 2009 at 6:59 pm |
  123. T Thomas in Abilene Tx.

    I can't see anything being done to stop the trend.I do not believe the argument that WWII is what brought us out of the Depression.If we must have another stimulus bill-so be it.Why aren't we taking a page from FDR's playbook in putting people to work asap on projects such as infrastructure and green jobs?What does the economy care whether Americans are building weapons or bridges and dams?

    November 18, 2009 at 6:59 pm |
  124. joe

    yes, unless america restricts certian industries to keep jobs in america. what happened to made in the usa?

    November 18, 2009 at 7:02 pm |
  125. dick from indiana

    The only reason jobs in manufacturing, constuction and finance are not coming back is because we don't pass laws bringing them back. Until we get a Congress with some backbone and common sense we will continue down a path of self destruction fueled by greed, low taxes and lack of protection of our marketplace. .

    November 18, 2009 at 7:04 pm |
  126. Joe L. Ogan

    It was rather easy to see that "Free Trade" would ship jobs overseas and create a jobless situation here in the USA. I believe that is what has created the depression that we are experiencing now. From that frame of reference, I see little hope for things to get better anytime soon. Joe L. Ogan

    November 18, 2009 at 7:07 pm |
  127. Steve McCoy

    Under the Obama administration, there is no doubt it will get worse. He has his priorities wrong. People are blind when they see this administration. He can do no wrong in their eyes. I just don't know how people can fall for this. What a joke. It is all smoke and mirrors when you look at the report of how many jobs have been saved. Give me a break!

    November 18, 2009 at 7:07 pm |
  128. Chad from Los Angeles


    You can't send jobs overseas for the last 30 years and expect no MAJOR repurcussions. End NAFTA and GATT so we can begin producing items in the US again. Extend tax cuts for businesses producing items domestically will help too.

    Time for the middle class to fight back!!

    November 18, 2009 at 7:10 pm |
  129. Ken in NC

    Well, I’m already out of work so as far as I am concerned, it can’t get any worse. It can only improve when I go back to work.

    November 18, 2009 at 7:11 pm |
  130. ted from sacramento

    As a current military member and three time Iraq veteran I'll say just this... end the wars, save the economy.

    November 18, 2009 at 7:12 pm |
  131. Annie, Atlanta

    700,000 jobs lost in January, 200,000 in October; that shows an improvement. But the Democrats better come up with a better solution before the next election cycle or we’re all screwed. People are so ignorant they’ll vote for the American Taliban party just to “show us.” Clinton/Lewinski giving rise to Bush comes to mind.

    November 18, 2009 at 7:12 pm |
  132. Carlos

    It'll get worse, clearly. And to those e-mailing you asking "how could it possibly get worse?" Well, just imagine having your $10 being able to purchase 50% less than it was able to previously. Can you say "currency crisis?"

    Kearny, NJ

    November 18, 2009 at 7:14 pm |
  133. Ed Fertik

    Yes Jack it will get worse. Why? Because socialism is not what has always driven our economy so well. Our President is a socialist to the core who has and will continue to take incentive out of the economy to be replaced with dependence on government. God help us!

    Ed Fertik

    November 18, 2009 at 7:15 pm |
  134. HabibHabib from new Orleans

    Really? Get worse that would be unbelievable it somthing like happen. We already hit rock button. We just need to sit tied and take the bull the horns

    November 18, 2009 at 7:15 pm |
  135. Bruce

    The plain fact is that there are jobs that will never come back. The truth is also that the population has far outgrown the ability of industry to creatre jobs. How can this country not adopt policies similar to Austtalia and Canada as well as France and others. Simply put if the job cna be filled by an American citizen foreign workers should not be allowed to fill that position. Eliminate tax subsidies for companies that outsoirce over seas as well. India's middle class is growing handily as our corporations pour dollars into outsourcing jobs over there. Bring the positions back to mainland USA

    November 18, 2009 at 7:16 pm |
  136. Gary - Woodhaven, Michigan

    The tail spin that has been going on for years will continue to affect employment.

    Until we begin to manufacture once again, unemployment will rise and remain steady.

    This is why the up coming cap and trade bill is so important to get right. It will begin to change our current way of life, which is more misery, and begin a new generation of manufacturing and service by directing us to a green world that is virtually starting from scratch. The opportunities are endless in this transformation.

    November 18, 2009 at 7:16 pm |
  137. Sly, from Michigan

    I believe so Jack, The federal government could only do but so much. I think it's time for Private Industry to start stepping up to the plate and do something instead of just laying people off and looking only at their "Bottom Line".

    November 18, 2009 at 7:17 pm |
  138. Cecelia

    No it won't get better until something is done about creating basic jobs for regular people. Not jobs that require an engineering degree or teaching degree or experience in construction, which if you are a woman would not apply to you anyway. I have been unemployed for about 6 months and I can tell you I have been subjected to some strange things, personality tests, character tests, bilingual ability tests, hearing tests etc. This ridiculous. What is the government going to encourage employers to stop these over-reaching application screening tests? And what in the world does a customer service job answering the telephone have to do with one's credit or your credit rating checking. But that is the job market these days.

    November 18, 2009 at 7:17 pm |
  139. John in Lake Tahoe

    Jack, of course it's going to get worse before it gets better. Employers will have no incentive to start adding employees until our economic engine starts running again, and there are no bright signs of that on the horizon. And it can get worse – all the way to the point that Goldman-Sachs executives are lining up at the soup kitchens. The solution is a government-assisted push to put Americans to work building a new clean energy infrastructure for America's future. Those jobs will create more jobs.

    November 18, 2009 at 7:17 pm |
  140. JB - Naperville, IL

    Unemployment will get worse before it improves, if in fact it does improve. Two reasons why it will get worse are...

    1) Corporate greed – Companies that could prevent layoffs or hire workers will not because they want to continue to blame the layoffs and hiring freezes on the economy. However, their superabundant profits tell a different story.
    2) H-1B visas – The real unemployment rate is close to 17.5%; yet, this government continues to allow companies to bring in foreign workers with H-1B.

    November 18, 2009 at 7:17 pm |
  141. Anna in Chicago

    Tax cuts for business will not bring jobs that went to China and India back. Small business can not produce 500 thousand jobs that our big companies send oversees every month. Jobless recovery is only for the rich and they did not suffer in this economy. For working people I do not see recovery.

    November 18, 2009 at 7:17 pm |
  142. Johnny

    Of course unemployment will get worse, and to be truthful, I don't expect it to improve. There's some shady dealings going on in Barry Obominable's White House and he seems to be more concerned with making decisions about Afghanistan than worry about the 1 in 6 Americans that are going hungry or those who don't have healthcare and can't find jobs. We asked for change and that's about all that's left. I think his ego is getting in the way of doing what I thought he was capable of doing. I hope I'm wrong but it looks like we may be headed for a dark age.

    John from Cincinnati

    November 18, 2009 at 7:18 pm |
  143. Patricia Mathews

    I think the numbers are inflated and will reduce. I have many friends who are two income families and one in drawing unemployment and are not really looking for work. They have no day care bills, gas ect. so the unemployment checks go further than wages. They are in the numbers but when their benefits run out they will go back to work at some job. If I know these people so do others. No one is talking about this in the media.

    November 18, 2009 at 7:18 pm |
  144. Alex in Wisconsin

    It is a well established fact among historians, economist, and anyone who bothers to do their homework. Job creation is a lagging indicator of the economy. Why is everyone giving the president a hard time when we already know that the job market will be at least a year after economic recovery? If you want to blame anyone, blame wall street or the previous administration for sinking the economy n the first place. Maybe the wall street executives should use the billions in bonuses to actually pay people to work.

    At least Fox news is doing their part by paying people to protest.

    November 18, 2009 at 7:19 pm |
  145. Dan in Seattle

    Yes Jack, things will get worse. A LOT worse. We are hanging on by a thread economically speaking. Not only do we have so many people unempolyed, but that is coupled with the fact the dollar is basicly worthless. Soon the value of "things" will drop as well. And that, DEVALUATION, will be the end. The economy of the world depends on ours to one extent or another, so as we go, so go they. It aren't gonna be pretty. We have let the genie out of the bottle. And this genie, called "greed", is unstoppable.

    November 18, 2009 at 7:19 pm |
  146. Carol in Ellenwood

    Of course it's going to get worse before it gets better. Obama stated that Clearly when he signed the first stimulus bill. If those republicans get off their backsides and pass legislation to help small businesses with small loans from the banks and the housing, construction and farm industries, the world will be a better place!
    After eight years and an unjustified war that is costing TRILLIONS of of dollars, why didn't the Republicans solve some of these problems. I am sick and tired of them asking Obama Administration about quick resolution of this bottomless pit they handed the American people in January 2009. Bush could not wait to get out of Dodge!!

    November 18, 2009 at 7:19 pm |
  147. Joe

    Well of course the unemployment rate will get worse before it gets better, but not for the reasons people think. The fact of the matter is that hundreds of thousands of jobs have been saved by the stimulus package simply through the stabilization of state budgets (over 100,000 in California alone). Also, the number of jobs being lost per month has slowed down significantly since earlier this year.

    However, even once net job growth occurs, people who were formerly classified as "Discougaged Workers," (those not actively seeking employment), will enter the unemployment pool again as they begin actively looking for work. This will increase the unemployment rate or at least maintain it at a high level.

    Despite the fact that this has so far been a jobless recovery, the current administration should not be blamed for the problems set up by the irresponsibility of big firms in the private sector and laissez-faire attitude of the last administration.

    November 18, 2009 at 7:19 pm |
  148. Diane Kauffman

    What no one talks about is that so much of our unemployment is because corporations are outsourcing our jobs to other countries. The American worker cannot work for $3 an hour, but plenty of workers in India, Malaysia and other countries can and do. With this kind of savings for corporations, the outlandish outsourcing of American jobs will not end and this has changed the landscape of employment in America....maybe forever.

    November 18, 2009 at 7:19 pm |
  149. Vickie

    Yes. But don't blame Pres Obama. The economic slide begun by the irresponsibility of the Bush administration had the momentum of a locomotive. A locomotive can't be stopped on a dime. The economy can't be turned around in a few short months. It took 8 years to screw up what Bill Clinton straightened up after 12 yrs of republicans. How do ppl think Pres Obama's administration can fix this mess virtually as soon as he's elected? It's worse now than Reagan/Old man Bush ever dreamed.

    November 18, 2009 at 7:19 pm |
  150. Aaron T

    I think it all depends on the people. Right now, we are growing wise that there are a lot of people with powerful positions that may be using more than they need to. Also note, that those people who are getting those 20 million dollar executive pensions, keep in mind, that is only whats on the books. What, you think people who deal with money don't know how to hide it?

    Depending on how the people react, it could get better before it gets worse. What we need, is new industry, we need to go in another direction and create more jobs. A good start would be clean energy, and fuel efficient vehicles. We don't need a woman holding a baby on tv talking about "natural gas" or "clean coal" or "off sea drilling" this is laughable" Stop letting these wolves in sheep's clothing control everything, and maybe, JUST maybe, we'll get somewhere.

    As for Obama, I think if McCain would have been elected in, we would be blaming him instead. That would probably be one of the only differences. People will complain about just about anything, and most of the time, they don't even know what they are talking about.

    November 18, 2009 at 7:19 pm |
  151. william ryals

    two things must happen to make the unemployment level drop. First we must cap imports at the present level and then begin lowering that level till we have balanced trade and unemployment is brought to a reasonable level. Second, wages for the average person must be raised to a level that once again makes the one earner family viable.

    November 18, 2009 at 7:19 pm |
  152. dietmar

    well, I could find a 7.25 /per hour job flippin' burgers, move in with mom, take the bus to work but I still wouldn't be able to pay for gas to go to the polls! Frankly, I don't know how It could worse than that, jack!

    November 18, 2009 at 7:19 pm |
  153. Jamie K

    It's going to get worse. Many I know have been on unemployment for almost a year. Others just got laid off a month ago. They are lucky they govt handout, when I, as a small business owner, have have nowhere to turn for emergency money. Credit card companies are robbing small business and other lenders are gone. This recovery is not real. Higher stock market is not doing anyone in real economy any good. I'll bet my last $100 the likes of Llyod Blankfein will abandon America when the going gets real tough next year.G

    November 18, 2009 at 7:19 pm |
  154. Robin in Ohio

    Yes Jack it is going to get worse. The only thing America produces is Wall Street bull. We have outsourced our manufacturing jobs. We have outsourced our service jobs. Call customer service on your credit card or cell phone and you will more than likely get someone from India or the Phillipines. Collection calls the same thing. Corporate America has sold us out. Communist China does capitalism better than we do. Check the things in your house and tell us where 80% or more was made

    November 18, 2009 at 7:20 pm |
  155. Nick, Longmont CO


    Yes. The 9.2% only tells part of teh story. It only reports those people who are filing to be paid for unemployment benefits. Once the benefits run out; people in some states cannot keep on filing saying they are still unemployed. The 17.6% rate is more realistic.

    As for the jobs, well outsourcing has erased millions of jobs. Many IT jobs were outsourced before Y2K and none came back. But, more have left. Then, we still bring in foreign guest workers on Visas (H1Bs) and they are taking millions of jobs from Americans.

    We need 15 – 20 million jobs to get balance in the job markets, but we are still losing 100,000 jobs a week. Until, we start creating thousands of jobs a week, we can look forward to a very desperate times for the American worker.

    November 18, 2009 at 7:20 pm |
  156. steve, Texas

    Yes it is going to get worse.

    Take my industry. I WAS a residential property appraiser who had a small business that utilized two part time employees (my college age niece and a single mother). Cuomo and the Federal government decided to blame the housing crisis on my industry and the mortgage broker industry in order to drive out mortgage brokers and give that mortgage business to the 3 big banks.


    I estimate that between mortgage brokers and appraisers, who do not show up on the unemployment rolls, their are about one million of us who are out of work and out of an industry. Jack maybe you can retire and give my your job.

    November 18, 2009 at 7:21 pm |
  157. Paolo from the Philippines

    Jack, it will certainly get worse for Obama and his democrats. I'm not sure it will get any better for them. If we keep losing jobs through next year and 2012, we can be sure Obama and his democrats will be one of them. Sure economists say jobs take longest to recover from a recession and won't do so until the next presidential election at best but others will not buy into that, let alone consider that an excuse.

    November 18, 2009 at 7:21 pm |
  158. Karl Pershing

    Yes, it is going to get worse. For years we have had suicidle policies. Just look at one of our policy makers. Henry Kissinger?! This man has a firm that helps companies move out of United States to China and India!!! WHY? How is it that China, a third world nation just 50 years ago is now leading the US? The biggest capitalist power on the planet. This free trade policy that all educated people think is cool... IS WRONG.

    November 18, 2009 at 7:22 pm |
  159. WaltinAZ

    Unfortunately, yes. Not sure things could be much worse, as I was laid off over 4 years ago with a Bachelor's and Master's in electrical engineering. Most people don't take my applications seriously as they see me as being over qualified and feel like I'd jump ship as soon as something better comes along. It doesn't matter how hard I try to convince them I'd take a lesser position, lower pay, and that I'd stay with the company if I liked the job and felt like I was making a difference. I see additional training in an alternative field in my future. But, brother, I've got to pay the bills now!

    November 18, 2009 at 7:22 pm |
  160. "Dan In Japan" Kaiser

    Of course unemployment will go up, Jack. It will spir up and up as manufacturing continues to move overseas. Deteriorating infrastructure, an uneducated workforce that are fat and unhealthy, nearsighted policy from our leaders.....need I go on?In the global economy, we're the fat has-been that had such potential.

    November 18, 2009 at 7:22 pm |
  161. Zoltan

    I have been under-employed now for a few years, but I do see the some indications that the employment situation is getting better. If you look at the unemployment rate, it doesn't reflect those of us that are under-employed. I think that this situation will improve in the first quarter of 2010. I has to as some point soon.

    November 18, 2009 at 7:23 pm |
  162. N.Garcia

    I have been unemployed since early 2009 and my benefits will run out in March. I am searching for work to no avail. If Congress does not extend benefits I am in financial ruin. I have worked all my life, have a college degree and have paid my taxes. Essentially I've done what a productive citizen should do and now my government is bailing out on me and many more like me. My government has bailed out Corporate America and Corporate America is lining their pockets with fat bonuses. Jobs should be a priority, not Healthcare. Without jobs, we cannot pay healthcare. Hello, President Obama, are you listening?

    November 18, 2009 at 7:23 pm |
  163. james stewart

    Jobless rate going to get worse because the greedy one with all the money hoard it dont reinvest or invest in foreign businesses. I hope the dollar collapses then get back to reality and these poeple have squat left and eat beans and bread everyday.

    November 18, 2009 at 7:23 pm |
  164. Andrew in Pinehurst, NC

    Jack, Will The unemployment rate get worse before it gets better? Sure it will. The true unemployment rate is worse now than is reported. Because there are currently so many unemployed, the tax base will tank and the IRS will have to terminate employees, the Congress and President will have less U.S. money to spend to prop up nongovernmental jobs.

    Things will improve in two years and 50 weeks.

    November 18, 2009 at 7:24 pm |
  165. Tony

    Jack, for those already unemployed, it is bad enough. you base you standard of living on your income. When you lose your job, your entire existance is affected. The bills don't stop until you are able to find work. After even a short term of unemployment, your psycological health is affect. As people in the media sit in judgement of the politicos (which is how you earn your salary), hundreds of thousands of unemployed people still tune in to listen, helping you keep your job (which to a certain extent keeps you from joining them in the line). The honest way to refer to the "recession" is best stated, as I once heard. "A recession is when your neighbor loses his job. A depression is when you lose your job."

    November 18, 2009 at 7:25 pm |
  166. Marino of Hastings, Nebraska

    Jack-Our nation literally destroyed its economy by signing thje NAFTA, maintaining an obsolete military alliance called NATO and other foreign agreements I blame on Pres. Obama's predesessors. America must withdraw its membership from the UN which is in my opinion an inpotent world organization trying to take over our nation national parks and resources. I have been one of the few fortunate Americans who retired from the military after 25 yrs and not having to worrying about working ever again. Our unemployment is caused by those worthless pacts, treaties, agreements etc. Therefore cororate greed decided to move their operations overseas and enslave the cheap labor in China, and other developing countries. Let's bring American industry and American workers to manufacturing all lot of the goods that are labeled "Made in the USA," back.

    November 18, 2009 at 7:26 pm |
  167. millieb28

    Yes, I believe it will get worse. I am retired and on Social Security, my bills keep sneaking up & up. There is a nurse in my family who works long, hard hours and is barely making it here in Idaho. Her job in CA paid three times as much...they are unionized., a grandson going to college, and a married grand daughter who has to push for hours so that she can get 30 to 40 a week and whose husband who is partially working because of cutbacks.
    They filled out applications and chased jobs but nobody was hiring and still aren't. The country needs jobs and new businesses or we will keep on going "South". If we can get things going within two or three years it will be more than a miracle. I don't see it happening.

    November 18, 2009 at 7:26 pm |
  168. Robin in Ohio

    Jack 10% are more are unemployed. I'm not sure how they get that figure how do they know after a persons unemployment benefits run out if they have a job. I would bet another 50% is underemployed you have people who held manufacturing jobs working at Walmart, Staples and fast food places. I'm pretty sure they aren't making enough to feed their families working two and three jobs.

    November 18, 2009 at 7:26 pm |
  169. Barbara in NC

    When "foreign workers" are brought in and the resident workers are required to help them get up to speed, watch out. As soon as they are half way there (or less sometimes) the residents are fired, layed off, or whatever you want to call it because the non-residents are cheaper.

    Need we say more?

    November 18, 2009 at 7:26 pm |
  170. Mike, Minnetonka, MN

    Jack I don’t see the job market getting better yet, in fact, it is just flat. I lost my full time job in early 2007 and have only worked a few short term jobs since then. I am approaching 60 years of age and wonder if I will work again before I die or retire in poverty. also, I have not received a single phone call for an interview this entire year.

    November 18, 2009 at 7:26 pm |
  171. Dodie

    Thank you CNN for discussing how bad our economic status. The jobs will continue to decline. We have to remember, our economy did not regain its posture from 1928 until 1956. That is 26 years to recover. There is no president at this time that can create an increase in the economy as long as we are spending more than we are bring in. It does not take a rocket scientist to figure that out.

    President Obama took the helm of a ship that had already run a ground without any fuel. As long as we tolerate huge payoffs to the banks, stock market, AIG, CEOs, hedge funds managers, derivatives, lobbyists and on and on... we will continue to sink slowly down...

    As long as we are divided as a country, we will continue to be a mess.

    You want to know how bad we are, watch the large corporate America top management's bonuses. That is a good barometer. When they are pulling in as much money as they possibly can regardless of what the repercussions, that is a good indication that we are going DOWN!!!

    November 18, 2009 at 7:27 pm |
  172. Ailene

    @Thom Richer: I agree!!!

    November 18, 2009 at 7:27 pm |
  173. Dianne

    I donot beleive the President has his priorities mixed up. He has to look at the whole picture. With the republicans not wanting change, he has to clear up all the rule changes made by the previous administration and Congress. These people got super wealthy and donot want to cut off their big money source. The previous eight years were very good to them. Low taxes and great amounts of capital for them. Of course they donot want change.

    November 18, 2009 at 7:27 pm |
  174. C. Farrell, Houston, Tx

    Yes, until people recognize it may be better to be underemployed than unemployed.

    November 18, 2009 at 7:28 pm |
  175. Joe

    Jack I'm really freaking out right now when i every time i hear it is going to get worse !!! oh my god i have been into this before any one even know it Oct/2007 when i get my layoff news from my company and right now i have received my termination latter from my company because i have been on layoff for so long i have been looking for work every where you can imagine nothing out there and if it is no one can Handle more than what they have looking for classes it is even hard what classes to choose and will give me good chance to get a job

    November 18, 2009 at 7:29 pm |
  176. David P Vernon

    Tucson, AZ – Basic economic facts include employment being a TRAILING indicator – it is the last thing to get better after a recession. If the current upward trend continues, employment will increase, without additional Congressional action, in the second quarter of 2010. That is when the $400B in tax cuts in the current stimulus law take actual effect. Barring another capital collapse (like another rash of mortgage defaults and large investment losses), the remaining cash dollars and these tax cuts should be more than enough to bring positive employment effects in time for the 2010 election. Another stimulus before this one has run its course would be premature – you do not adjust the controls before the l;ast adjustment has had its effect. The time to propose another stimulus would be next April, if the numbers are not going up at that time. The 2010 election will be won, or lost, on the conditions next September, not conditions now – let's not get panicked into stupid action based on lack of understanding of how things actually work.

    November 18, 2009 at 7:29 pm |
  177. Vince Kona

    The rise in the stock market is a result of the layoffs. The corporate bonuses will continue as long as jobs are shed or outsourced. The top one percent is sucking more from the already weak economy. Houses in the 10 to 30 million dollar range are selling at an all-time high.

    November 18, 2009 at 7:30 pm |
  178. Dave

    I believe the Great Depression proves that things certainly can get worse! I also, believe that if our government continues to do the wrong things for the working class, things will most likely get wrose. Would it still be politically incorrect to question the need for all those guest worker visa programs? Where's Lou Dobbs when we need him most?

    November 18, 2009 at 7:32 pm |
  179. John/Jack hopkins

    Great work Jack. YES, those of us out here with common sense in the middle class realize that things will not improve for another year. I am disappointed with the media.s and many Americans lack of understanding that with eight plus years of past Admin. lack of controls allowing Industry greed; that they too do not realize that 'One' cannot stop a badly run monstrous ship from plowing past the dock into the city before it stops. Case in point "Speed Two", things tend to slide awhile. Thank God for Obama & I would vote again/again for him; he cares for the middle class & the people who pay for the GVT.

    Chino Hills, CA

    November 18, 2009 at 7:34 pm |
  180. Dale from Colorado

    Unemployment will continue to rise and there won't be any significant recovery any time soon. Our current economic collapse and soaring unemployment are the result of the past fifty years of GOP endorsed endless military spending and war and trickle down economics. Our continued engagement in Iraq and Afghanistan while bailing out large Wall Street banking firms with their entitlement mentalities represents more of the same.

    Vice President, Biden gets it as he described the bailouts as "socialism for the wealthy and capitalism for the poor." What the wealthy and entitled in this Country still don't get is that the collapse of the Middle Class will result in the total collapse of ther economy too.

    November 18, 2009 at 7:35 pm |
  181. Victor

    Unfortunately Jack we have replaced the Republicans with there unending tendency to under think and over simplify our challenges as a nation with the Dems with their unending tendency to over think and over complicate things. Our President is sometimes too smart for his own good. Without a second stimulus say eliminating the payroll tax for a year. (something we all can get behind) we will continue to bleed jobs. Including yours Mr President. I am a Republican who truly wants to see you do well so keep it simple. Stop swinging for the fences each time you get up to bat. We AND YOU need some base hits Mr Prez.

    November 18, 2009 at 7:35 pm |
  182. Barbara in NC

    Our senators and representatives that are NOT trying to help us may find themselves unemployed in 2010 or 2012. We have memories that don't quit.

    November 18, 2009 at 7:35 pm |
  183. Brian ~indepinion

    I monitor layoffs and job fairs everday. I am seeing hundreds and even thousands of new people impacted by weekly and very few positive comments about the job fairs. With these layoff hitting everyone from corporate workers to the cop on the beat, I believe it will continue to get worse and I agree that the numbers are most likely understated..

    November 18, 2009 at 7:37 pm |
  184. cheryl

    If the private equity fall out happens, as some predict; todays unemployment numbers may just be a warm up to what's looming down the road.

    November 18, 2009 at 7:38 pm |
  185. Barroq Safi - San Marcos, TX

    Of course it will get worse before it gets better. The economy is like a freight train going down a track. If rough tracks lie ahead, it takes a long time to slow it down given the size of the train, and it takes just as long if not longer to get it back up to speed. The economy saw rough roads ahead as early as the Fall of '07 and we felt it fall for 2 years and reports are still coming in on Banks failing and job losses, with the peak being roughly March. However the numbers being reported are decreasing while still happening each month. We probably have another 8-12 months before the economy starts posting numbers breaking even or in the positive, and it will take another 2-3 years before it gets back up to full speed.

    November 18, 2009 at 7:42 pm |
  186. Mark - Democrat San Diego


    This issue has been brewing ever since Nixon & Kissenger went to China and began selling out the American People and Main Street. I find it amazing how this has been going on for over thirty years now and people are just starting to get a clue. As far as I am concern Wall Street, Lobbyist and the Republican Party have been selling out America for profit all these years...When they (Republicans always preech about the terrorists and the War, the have grossly neglected and overlooked the fact that they were part of the Domestic enemies by selling out America and giving China all our jobs on a Platinum Platter!! And now the Communist Chinese know how to make computer chips and have upgraded their Nuclear Weapons that are pointed at us as well!! We need to clean house BIG TIME!!

    November 18, 2009 at 7:43 pm |
  187. Brian ~indepinion

    Having been personally laid off by a large corporation, following an acquisition, under the cloud of a global "mass layoff"; I believe the current corporate modus operandi is to acquire, fire, and do more with less while offshoring and outsourcing where they can. The executives and big investors are the only people that benefit. Eventually, there will be nobody in America that can afford or has any desire to buy their products and/or services.

    November 18, 2009 at 7:44 pm |
  188. Richard

    Much worse as long as we keep buying that Globalization hype. The only ones that win with Globalization are the multinational capitalist corporations who lobbied so hard for it. They now move plants and labor to the least expensive markets with total disregard to the consequences then put the squeeze on competing governments for more and more concessions and more and more subsidies. "Give me big breaks or I'll move my plant!" Let's put and end to globalization and go back to reasonable import tariffs where appropriate.

    November 18, 2009 at 7:47 pm |
  189. chris romine

    Dear Jack, the economy will never get better till they do something with the free trade deals, and they are not going to do nothing with free trade till they break the unions and then they will do something about free trade , and freind are rights are going out the door as fast as the imports are coming in Jack. I myself am disabled from a work injury and still fighting for help 4 years 8 days later here in Northern Indiana

    November 18, 2009 at 7:48 pm |