Bad news: Jobs market getting worse

[Heracles 417]

More jobs were lost in September than expected and unemployment rate hits 26-year high of 9.8%.

By Chris Isidore, CNNMoney.com senior writer

Last Updated: October 2, 2009: 9:14 AM ET

NEW YORK (CNNMoney.com) -- Employers cut more jobs from their payrolls in September and the unemployment rate hit another 26-year high, as the long-battered U.S. labor market took an unexpected turn for the worse, according to a government report Friday.

The Labor Department said there was a net loss of 263,000 jobs in the month, up from a revised loss of 201,000 jobs in August. Economists surveyed by Briefing.com had forecast losses would fall to 175,000 jobs.

This is only the second time this year that job losses rose from the previous month, as the labor market had shown slow but relatively steady improvement since a loss of 741,000 jobs in January.

September marked the 21st consecutive month that the number of workers on payrolls has shrunk, a period during which 7.2 million jobs have been lost.

Even though many economists, including those at the Federal Reserve, have said there are signs that the economy is growing once again, Friday's jobs report shows that job losses could continue well into the recovery, limiting the strength of any economic turnaround.

U.S. stock futures, which predict the direction of markets in early trading, fell sharply following the release of the jobs report.

The unemployment rate rose to 9.8% in September from 9.7% in August. That was in line with economists' forecasts, but the unemployment rate is now the highest since June 1983.

The average work week also fell to a record low of 33 hours, down from 33.1 hours in August. In addition, the number of workers who want full-time jobs who are only able to find part-time work rose to a record 9.2 million.

Counting these involuntary part-time workers and those without work who have stopped looking for jobs and are not counted in the unemployment rate, the so-called underemployment rate rose to 17%, the highest reading in the 16 years it's been calculated.

http://money.cnn.com/2009/10/02/news/econo...ember/index.htm

[w¡n9Nµ7 §£@¥€r 123]

Good, we're cutting out the fat. Soon, only people who have actual value to add will have jobs.

[Heracles 417]

I can hook you guys up with Aussie Visas.

Spooky need not apply as there is a minimum IQ requirement. You also have to have a skill or talent to qualify. Sorry Spook..

Then again he may qualify for the refugee visa.

Edited October 2, 2009 by Booyah!

[w¡n9Nµ7 §£@¥€r 123]

I can hook you guys up with Aussie Visas.

I've been wanting to shag a roo forever. Thanks man.

[Heracles 417]

I can hook you guys up with Aussie Visas.

I've been wanting to shag a roo forever. Thanks man.

The number of people out of work here is equivalent to nearly 75% of Australia's population.

[BishopMnA 0]

Big layoffs here yesterday...not the first one either...

[AlHayatZween 2]

I can hook you guys up with Aussie Visas.

For real? Would they take they likes of me and the Mister? i heard it was tough to get aussie visas...

[w¡n9Nµ7 §£@¥€r 123]

I can hook you guys up with Aussie Visas.

For real? Would they take they likes of me and the Mister? i heard it was tough to get aussie visas...

It usually is but BY has the hook-up.

[웃 910]

[AlHayatZween 2]

I can hook you guys up with Aussie Visas.

For real? Would they take they likes of me and the Mister? i heard it was tough to get aussie visas...

It usually is but BY has the hook-up.

Surely me and Habib could qualify for one of these...? The Specialist Visa subclass has some interesting prospects...

Workers

Employer Sponsored Workers

For people with recognised skills seeking to work in Australia after being sponsored by an Australian or overseas employer.

Professionals and other Skilled Migrants

This program is for people who are not sponsored by an employer but who have skills in particular occupations required in Australia.

Business People

For people to come to Australia for a business-related visit. Also for people to establish, manage or develop a new or existing business, or invest in Australia.

Specialist Entry

For people to participate in specific professional, cultural, social or research activities.

Doctors and Nurses

Information and visa options for doctors and nurses who want to work in Australia.

Regional Employment

Information about options available to encourage skilled migrants to live and work in areas outside of Australia's major cities.

Australia Needs Skills Expos

Expos are held around the world to help meet the current skills shortage in Australia. Skilled workers can register to attend an expo in their region to meet with employers and state and territory governments about employment in Australia.

Air and Sea Crew

Information about visas and entry requirements for air and sea crew coming to Australia.

Pacific Seasonal Worker Pilot Scheme

Information for people from Kiribati, Papua New Guinea, Tonga and Vanuatu seeking to work in Australia under the Pacific Seasonal Worker Pilot Scheme (PSWPS).

http://www.immi.gov.au/skilled/

http://www.immi.gov.au/skilled/specialist-...isa-options.htm

[Donna A 4]

funny thing is im going back to work after a 10 month layoff. my girlfriend who has been cut to part time is now going back to full time.

[Heracles 417]

I can hook you guys up with Aussie Visas.

For real? Would they take they likes of me and the Mister? i heard it was tough to get aussie visas...

Tough but quite expensive. Spousal visa starts at $1,700.

They actually have not stopped building homes in our area. Since the beginning of the year they have built up an entire street and court nearby.

Edited October 2, 2009 by Booyah!

[AlHayatZween 2]

I can hook you guys up with Aussie Visas.

For real? Would they take they likes of me and the Mister? i heard it was tough to get aussie visas...

Tough but quite expensive. Spousal visa starts at $1,700.

That's a lot of money, but immigration ain't cheap.

i knew an Australian woman in Morocco who got married to man there and wanted move back home with her husband. It took a while, but they eventually made it.

[w¡n9Nµ7 §£@¥€r 123]

When I sleep, I dream of Australia.

[Heracles 417]

That's a lot of money, but immigration ain't cheap.

i knew an Australian woman in Morocco who got married to man there and wanted move back home with her husband. It took a while, but they eventually made it.

I think if Americans applied to get visas they would not have any issues; especially anyone skilled in various areas.

I am looking at moving back either by January or June.

Edited October 2, 2009 by Booyah!