The new job numbers are out for the month of November. The Labor Department announced that unemployment is declining and was 8.6 percent for last month. Roughly 120 thousand private jobs were created in the month of November, but critics say retail and hospitality jobs aren’t the type of jobs America needs. Others say that this doesn’t make up for the new people joining the workforce. Gerald Celente, publisher of The Trends Journal, sounds off on the issue.
President Barack Obama’s job approval ratings plunged to a new low ahead of his major economic speech Thursday, with widespread discontent among Americans over his handling of the economy and jobs, according to a spate of polls released Tuesday.
A recent report reveals that the US created zero new jobs last month. The last time this happened was in 1945. The unemployment rate is still at 9.1% and projected numbers for the next year show the average unemployment rate at about 9%
Here’s a few great articles to check out today, Friday, 10/22/10 :
Here’s a few great articles to check out today, Tuesday, 10/19/10 :
Free market stats on GDP and unemployment radically different than those released by the government.
As experts debate the potential speed of the US recovery, one figure looms large but is often overlooked: nearly 1 in 5 Americans is either out of work or under-employed.
According to the government’s broadest measure of unemployment, some 17.5 percent are either without a job entirely or underemployed. The so-called U-6 number is at the highest rate since becoming an official labor statistic in 1994.