Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Unemployment Rate Stays At 9.6 Percent Despite Addition Of 151,000 Jobs

November 12, 2010 by  

U.S. unemployment rate stays at 9.6 percent despite addition of 151,000 jobsThe United States economy created 151,000 jobs in October, which is its best performance since May. Despite the growth, the national unemployment rate remained at 9.6 percent.

Many of the new jobs were in the service sector such as healthcare and retail, according to media reports. Economists said that hiring has also improved from temp agencies and there are signs that small to medium sized businesses are beginning to add to their payrolls.

The Christian Science Monitor reports that clinics, hospitals and other healthcare providers added 24,000 jobs last month. John Canally, chief economist at LPS Financial in Boston, said that the healthcare industry hasn't had a decline since July 1999.

"That is basically a testament to demographics: Every month more people enter assisted living facilities and nursing homes," said Canally, quoted by the news provider. "An older population needs more care."

While some officials, including President Barack Obama, said that October's job creation was encouraging, many Republicans blame the current administration for failing to bring about a drop in the unemployment rate in recent months.

“Any job growth is a positive sign, but stagnant and stubbornly high unemployment makes clear why permanently stopping all the looming tax hikes should top Washington’s to-do list this month," said Representative John Boehner (R-Ohio), quoted by Time magazine.

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Unemployment Rate Stays At 9.6 Percent Despite Addition Of 151,000 Jobs”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.