Unemployment Quotes

[Some farmers are relocated. Others join the ranks of an estimated 150 million migrant workers drawn to the booming cities in search of jobs. Because of China's restrictive household registration system, which prohibits rural inhabitants from moving to the cities, they are forced to work illegally, earning pennies an hour and without access to social services. While the migration is good for China's overly rural economy, another 150 million peasants, lured by the promise of a better life, are expected to move to urban centres in the next decade.] China concerns me a lot because of the massive unemployment... I see enough people wandering the streets as it is. If they can't keep this drive of construction and development, what are these people going to do? You just have to think about that. The Chinese are incredibly strong, they can take a lot more than any Canadian ever could. But I think there's a limit to all that, too. - Paul Mitchell

[However,] retailers shouldn't break out the champagne yet... The rebates will have a very modest effect on spending. With a 6.4 percent unemployment rate, there are millions of people in the country with no income except for unemployment and welfare benefits. Millions more are on long-term unemployment, those that simply have stopped looking for work. - Kurt Barnard

[Extending unemployment benefits] is the only kind of stimulus that helps each and every unemployed worker, who in some sense has borne the pain of the recession. - Wendell Primus

[But what's not clear is whether all these players posturing for money is good for the image of the NFL or the quality of its product. The league has always benefited from the perception that the players' paychecks really do hinge on performance, and that a failure to produce could lead directly to unemployment. As players (and agents) get more strident in voicing their salary gripes, fans may begin to view them as no different than the me-first jocks in other sports. Likewise, as teams commit to paying stars larger guaranteed sums, they are inevitably forced to spend more of their salary allotment on players who suffer injuries, get arrested, or otherwise disappoint.] There is a lot more dead money now... You're basically married to a player for at least two or three years. - New York Giants

[( TIME.com ) -- Great news! Unemployment is up. Wages are stagnant. Hiring by U.S. companies is down for the first time in more than four years. But there might be some help wanted on Wall Street soon, because Friday's unemployment report is the stuff rallies are made of. Just a half hour into the trading day, the Dow was up 175 and the NASDAQ almost 200 (with inflation-fearing bonds whooping it up right alongside them) as investors saw visions of the long season of economic overdrive, interest-rate hikes and neurotic markets drawing to a close.] This is the latest sign that the economy is slowing down, and because these are labor numbers, they're going to have particular weight with the Fed... This is the kind of news that could take some of the uncertainty out of the markets and get stocks going up again. - Bernard Baumohl

(The) 43,000 new jobs is much too small a number to lower the unemployment number... The unemployment report underscores that the recovery is off to a slow start. The Fed will most certainly not raise (interest) rates in the near-term. - Jared Bernstein