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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.

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  • Dan az

    With the over worked medical employees from the influx of more than 30 million or so illegals flooding the system you would expect that number to increase. But with 30 million or so out of work I dont see the numbers coming down on the unemployed for quite a while. Now if we could get rid of the undocumented worker in the WH then maybe things will start to change with hope.

    • Carmen mckeon

      yes, something needs to be done about undocumented people in this country.

      • Sharon

        Obama doesn’t want to deal with the imigration problems becuase he is looking for the illegals to give him votes. He is treacherous.

    • Dee

      Sounds like the majority have their finger on the pulse and see that the chief is the problem. Let’s start with the worst at the very top. They say “If get rid of the worst problem the rest will fix themselves.”

  • Vigilant

    No serious dent in the unemployment rate will be realized until government improves the “certainy” index for small businesses. Giving crumbs to business on the one hand (improved loan climate), while dithering over continuation of tax cuts to those same businesses only confirms that the Dems couldn’t care less about creating jobs. They’re into the creation of dependencies.

    • Carmen mckeon

      I agree!!!!

    • alpha-lemming

      Employment is, and always has been, a lagging indicator when reporting on ecnomic health. Growth must occur first to justify new hires to keep up with increased demand. As for the loans, same argument. Demand must be present for employers to justify borrowing, otherwise you’re just taking on more needless debt.

      • Bleh

        “Demand must be present for employers to justify borrowing, otherwise you’re just taking on more needless debt.”
        Unless of course you are the Government. Then more debt is exactly what they want.

    • ValDM

      Relaxed environment for small business loans. Reminds me of the overvaluation and relaxed environment for family farm loans in the late 70′s and early 80′s. Remember all the farm auctions? Think this is the path for nationalizing small business? Or turning over small businesses to mega-corporations as happened to family farms?

  • Martin

    Hmmm let’s see, why would employment increase in October?
    Could it be….temporary help in anticipation of the Christmas season?
    No, NO, it must be the fearles leadership and economic policies of our brilliant leaders, once again saving the country from certain destruction of failed policies of the previous administrations.

    • Jeep

      No way! You mean to say that businesses hire temps around Christmas? Really? And, that may account for the rise in retail jobs? Wow! Who da’ thunk it…I’m shocked…

  • JimH

    I thought the 151,000 new jobs were at the unemployment office,to cover the surge of laid off that will happen after the tax cuts expire. It was just temps for Christmas. Who knows that job at the unemployment office may be waiting for you right after Christmas when those 151,000 are laid off.

  • J.M.R.

    can some one explain to me why the unemployment keeps going up every week by 400,000+ and employment is still at 9.6% what kind of B.S. is this.

    • alpha-lemming

      Because unemployment has actually been in double-digits for quite some time. When you’ve been unemployed for a while (~3 years??), they no longer count you among the unemployed and you’re essentially re-classified as “unemployable”. That would be a VERY telling statistic (# of unemployable people). It’s like you vanished into thin air and as more time passes, more people hit that ceiling and are taken off the unemployment stats. They’ve engineered a pretty good foating base-line to cover their inefficiency.

  • http://PersonalLibertyDigest Linda

    Does Obama have a high school educaTION?

  • Teresa

    hmmm, I suspect there will be a lot more people employeed in the unions in the new obama health care system…or maybe the aarp subsidize companies….I mean…that’s where the money will be going RIGHT! I may not be the brightest but I sure didn’t fall off yesterdays turnip truck…geezzee! The only jobs that will be grown “from” Obama’s theory is government unionized jobs, which is defeating the purpose. Union= Someone to take your money, spend it the way they want, and speak for you. hmmmmmm…hows that working for you???? It is the PEOPLE and their hard work and the entrepreneurs of America that create jobs and the government is killing that for the sole purpose of control.

  • http://none Mike

    This is just a simple rise in temp workers through the holidays. 20,000 or so of thoes might be retained after. But about the same amount of thoes that were working before the holidays will be laid off or fired to compensate for the newer lower paid employee. Mike L.

  • http://com i41

    It must the same dink weeds that worked for ACORN or AMORON, crimminals , crooks and felonys. My goodness, it is just mew demomics way of counting. You dream up numbers with out any basis, it has always been the NMCDUP socialist MO for decades!

  • Sharon

    He also has lots of persons borrowing to get an education; however, once graduating there are no jobs. IT; which, is said to be the way to go, has a unemployment rate of 16.9%

    • viktor leben

      SHaron,

      Your sure right about that ! I’m studying for the Network+ certificate. What I hear from former IT pros is Network+ cert is just toilet paper !

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