Unemployment hits 25-year high at 8.1%

The unemployment rate rose to 8.1% from 7.6% in January. It was the highest reading since December 1983 and higher than economists’ projections of 7.9%.

The government reported Friday that employers cut 651,000 jobs in February, down from a revised loss of 655,000 jobs in January.


33 Responses to “Unemployment hits 25-year high at 8.1%”

  1. 1 Nikolas Bunton March 6, 2009 at 1:29 PM

    It’s interesting that the unemployment rate is up .5%, yet the estimated job loss from February is lower than that of January. This means that although the unemployment rate is still rising, the loss of jobs has slowed, at least in the past month. Whether this means that the current economic problem is lessening is doubtful, but any improvement is a positive at the moment. Could this be the first sign of a turnaround?

  2. 2 Rene Martinez March 7, 2009 at 2:09 PM

    I am still surprised that it went up. Sure it’s only .5% but it is still a little scary. Though i don’t think we, as a whole, need to worry about it too much seeing how are population growth is increasing plus it is no where near anything we faced from other past recessions. Hopefully i won’t have to face, four years from now, the unemployment situation. Let’s hope it gets better by then…

  3. 3 Michael Huddleston March 7, 2009 at 7:58 PM

    I think the unemployed should look at the cut backs as an opportunity to do what they want. Steve Pavlina has a website helping people do just that, http://www.stevepavlina.com . There are losts of positives to being self-employed, job security is one. Not to mention being able to find a niche market relative to your demographic, inexpensive online pressence for advertising and expanding, and little or no overhead that most businesses have.

  4. 4 Linda Villasenor March 8, 2009 at 12:06 PM

    That is just horrible that the employment rate has gone up. That is why many people are scared because they don’t want to be the next ones to loose their jobs. We think that 5% isn’t a lot but when it’s 5% of the population in the US then that is a lot of jobs lost. However it’s weird that the loss of government jobs decreased instead of increased because of the increase in the rate.

  5. 5 Luis Orozco 101 March 8, 2009 at 8:52 PM

    Just look at how George Bush policies left unemployement in this country!!!

  6. 6 wordtown March 8, 2009 at 9:10 PM

    It’s sad to see people being loved off, especially friends, family, or loved ones. I’m glad to see that we are declining on our unemployment from January till now. The unemployment fell from 655,000 to 651,000 in just a couple of months. This is the way we need our country to start moving towards.

  7. 7 wordtown March 8, 2009 at 9:11 PM

    It’s sad to see people being laid off, especially friends, family, or loved ones. I’m glad to see that we are declining on our unemployment from January till now. The unemployment fell from 655,000 to 651,000 in just a couple of months. This is the way we need our country to start moving towards.

  8. 8 Khaled Aboudamous March 9, 2009 at 11:58 AM

    Although the unemployment rate is the highest it has ever been since December of 1983, there is a bright side to it. In January, 655,000 jobs where lost, whereas in February 651,000 people where jobless. So as we can all conclude this is a positive outcome. We are headed in the correct direction on the road to refixing America.

  9. 9 Nancy Moussa March 10, 2009 at 2:27 PM

    It’s not good that our unemployment rate is so high. I have been hearing bad stories about people getting layed off, and many people are scared that it will hit them next. Hopefully this rate gets better, because there are a lot of jobless college grads, not knowing what to do with their life, since they can’t find jobs.

  10. 10 NVC Storm March 11, 2009 at 9:45 PM

    I`can’t believe our unemployment rate is so high, this is an absolute outrage. This is America, the country for success. I know a few people that have been laid off and it has devastated them and their families. This rate needs to decrease because there are a ton of jobless people out there that don’t have a career or know what they are going to with their lives.

  11. 11 Andrew Curry March 11, 2009 at 10:00 PM

    It sounds like it is a good thing that less jobs were cut in Feb. and in Jan. but could that just mean that there was less jobs to be able to be cut becasue so many people have been laid off already? i dont know they answer im jsut asking… I still am unemployed and seeking a job although i am not on umemployment maybe i should file. be part of a statistic ha

  12. 12 quiche March 11, 2009 at 10:19 PM

    America is at the highest unemployment rate at 8.1% because over the past years our economy has taken advantage of over 13% and now we’re going to loose more than 13% of everything from jobs, homes, businesses, imports & exports. We can’t just decrease the unemployment rate, America needs to start fresh by paying off our debts and be more conservative.

  13. 13 Samantha Arnold March 13, 2009 at 12:48 PM

    This does not even surprise me at all right now. We some how need to figure out a way to conserve for america and we the people need to spend, this sounds like a lose lose situation to me. Sometimes things have to be terrible before they can get better.

  14. 14 BeuWolf March 14, 2009 at 5:07 PM

    That’s a lot of people with your jobs. Even more surprising that the percentage rose higher than expected. Makes me wounder how much higher the housing foreclosure rate is going to go in result of the jobless.

  15. 15 Houck24 March 15, 2009 at 4:02 PM

    It is really sad to see so many people continuously losing there jobs. Im fortunate enough to have a job and I am grateful everyday that I do. I heard that a water park was opening in North Carolina and thousands of people lined up for 500 jobs. There are so many people looking for a job and most will take anything that they can get right now.

  16. 16 Paul Carillo March 15, 2009 at 10:10 PM

    It is not surprising to see that the unemplyment rate in the US rose to 8.1%. Labor is the largest controllable expense most companies manage. Consumers are afraid to spend! If people aren’t putting out the money in the economy expect more mass layoffs.

  17. 17 woltom March 16, 2009 at 1:01 PM

    I’m a bit suprised that the UE rate went up. I thought maby our economy could possible be doing a little better and things would turn around for us. Its really to bad to see all the people who lost their jobs. And then their homes, and ultimately their way of life. I feel so luckys to be in my. Current position and not have to worry about being unemplyed, or fired, or layed off.

  18. 18 Claudio Ramirez March 16, 2009 at 4:33 PM

    I found it very interesting that the statistics show a .5% increase in unemployment from 7.6% in January to 8.1% in February, yet there was a decrease in the number of jobs lost from month to month. Either way, it is going from bad to worse, and this recession is effecting everyone from poor to rich. I believe there is only one way to go, and thats up. With time and patients, we will overcome this recession and relief will come from millions of people that are jobless worldwide. The only question is when?

  19. 19 Gilberto Vazquez March 17, 2009 at 6:03 PM

    all these numbers must be very depressing for the stock market because it looks like everything numbers of unemployment are released then the market will tank and make things more grim for our future.

  20. 20 O'King Kole March 19, 2009 at 12:18 AM

    Although the overall unemployment rate only went down 0.5%, it still means a big loss to the economy. Less production and investments (since many are saving more than spending) and overall hurting the country’s GDP. Furthermore, the amount of jobs that were cut was about 1% difference from the amount of jobs cut in January. Jobs are need to be created like what Theodore Roosevelt did in the 1930’s to help counter the unemployment issue from dropping even more.

  21. 21 Keith C. March 19, 2009 at 9:42 AM

    I agree with quiche, this was inevitable with the way lenders were handling credit and how much everybody was spending. Now people are scared to spend money and it has started this vicious cycle of not wanting to spend on anything, consumers and businesses alike. The next few months should be very interesting, because I think that good weather will help to stimulate the economy – we’ll see.

  22. 22 quique March 19, 2009 at 7:39 PM

    This is scary to see. I say this because most people want president Barack Obama to fix things right away and the fact of the matter is that it is not going to get fixed right away.

  23. 23 Genine Lobo March 22, 2009 at 4:19 PM

    Unemployment Hearing the unemployment in the US has hit 8.1% is very sad to hear. I read more about unemployment online and found that in Detroit, unemployment is its highest in 26 years at 22.2%. This extremely high percentage increase will cause a whole chain of effects- starting with people moving out of Detroit into more affordable cities, not helping with the Detroit economy. Unemployment has such an effect on so many people in the country and a change is need soon.

  24. 24 Leonardo Sanchez ECON 101 April 29, 2009 at 2:56 PM

    Yes unemployment may have changes b a merly 3%-5% better but we as Americans still have that scare factor of not wanting to

    spend money but only to save. Yes credit card companies may have part at fault ut at the end of the day we are the ones that did

    the damage to ourselves. But its amazing how society may change the 0.05% increase in unemployment from 7.6% in January to 8.1%

    in February. As fast as it can get better it can only get worse or even better!

  25. 25 Matthew Dimech Econ-101 May 5, 2009 at 10:02 PM

    As you can see, the low of job rate has indeed slowed down. which in my mind is a victory. Yes, unemployment maybe up but jobs laying off people is down. So we need to make a choice, which one would we like more? perosnally, the economy can keep unemplyment up if that means less jobs are laying off people.

  26. 26 Emily Bonzi May 9, 2009 at 2:30 PM

    It seems that everywhere I look I can find another person who has lost their job. My mom’s store just closed down and my best friend will be out of a job in less than a month too. Closing stores that employ hundreds of workers at one specific store has a major effect when that is the pattern that is multiplied nation wide.

  27. 27 Jay Surface May 9, 2009 at 3:25 PM

    I am not surprised at all that this rate went up. In fact, I won’t be surprised if the rate continues to expand. America is in a recession and jobs that do not require a college education are diminishing. I do not believe that college is for everyone, but there has to be away to make these blue-collar jobs avaialable again. It will just take time before someone comes up with an idea that requires these people’s services.

  28. 28 phanh May 11, 2009 at 11:18 AM

    those numbers are crazy i know its going to take time to go back and numbers to drop i just hope it will be soon

  29. 29 tlr7 May 15, 2009 at 1:22 PM

    Its so crazy how many people are being laid off from their jobs. I have seen the affects of this recession all around me, and its scary! At least the unemployment rate went down a little, but its still really hard seeing so many families struggling because of this recession! Hopefully we will be seeing more drastic improvements soon.

  30. 30 Jerry Ellison May 16, 2009 at 1:46 PM

    This is kind of a scary sign for someone who is just going through college. If employers are cutting people at this rate, it makes me wonder how easy its going to be for me to find a job when im released into the world. Hopefully, Obama has some tricks up his sleeve to get the economy back up and running in the right direction.

  31. 31 Kevin Clark st marys May 16, 2009 at 2:19 PM

    Like obama has already stated “things are going to get worse before they get better” i believe we can expect the unemployment to continue to take a dive for the next few months at least. Already from when this article came out to now it has continued to regress. Until all the stimlus plans have taken full effect and had to time to actually make a difference and help spark the “recovery” we will all have to wait for the job market to improve. Until this time continue going to school to better your education and seek that degree which will make it much easier to get a job…….uhh wait that was a joke too. I guess were all screwed!!

  32. 32 Stephen Cassinelli May 19, 2009 at 10:46 PM

    This is pretty serious for those who are in a desperate need of money and work. With the unemployment rate continuing to rise this is also trouble for the continuously struggling economy, the more people laid off, the less money there is going to be in circulation. Also with people being continuously being laid off, people who are just graduating from college are going to struggle to find a job and get their careers started. To improve out unemployment rate, the government might want to also worry about the smaller businesses because these companies make up a large part of the business world.

  33. 33 TTS06 December 17, 2009 at 12:29 PM

    655,000 to 651,000 isn’t really a significant decrease in jobs cut its only 4,000. That is still over half a million people without a job.

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