Unemployment Jumped to 9.8% in November

Posted by Jim Spence on Friday, December 3, 2010
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From the Washington Times - The nation's unemployment rate crept back up toward double-digit levels last month, rising to 9.8 percent after being stuck around 9.6 percent for much of the year, the Labor Department reported Friday morning. The worsening of joblessness reflected a sharp slowdown in new jobs created by businesses during the month. Only 36,000 jobs were added to payrolls after a 172,000 surge in new jobs in October. That was less than half the average 86,000 new jobs created each month in the last year, the department said. At the beginning of the important Christmas selling season, retailers actually shed 28,000 jobs rather than adding to their staff, contributing to the depressed job outlook. Manufacturing employment also declined by 13,000 after having posted gains earlier in the year. Read full story here:
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1 comments:

Anonymous said...

Weren't we promised by Obama that unemployment wouldn't exceed 8% if we backed his stimulus package? Now that his stimulus package has failed he insists on punishing American businesses with higher taxes while at the same time he begs business people to hire someone? I thought left-wingers were sensitive and anal about practicing political correctness. Doesn't being politically correct also mean that you at least ACT grateful when someone gives you something? Some of the things this guy does makes me believe he's already fed up with the job and figures he'll just jam things down our throat and be done with it whether he's re-elected or not. I do have to give Obama credit for one thing. He, Reid and Pelosi asked their fellow democrats to voluntarily fall on their own sword and deliberately vote against the wishes of the American people. They did and then were summarily thrown out of public office. It's very evident, in lieu of the recent election results, that Obama is willing to fall on his own sword be damned what the American people want.

December 4, 2010 at 8:08 AM

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