December 4th, 2009
08:43 AM ET
8 years ago
Nation's jobless rate drops
Washington (CNN)– The nation's unemployment rate dropped to 10 percent in November, the Labor Department reported Friday.
The jobless level stood at 10.2 percent in October, the highest rate in more than a quarter century. The Labor Department also reports that employers cut 11,000 jobs last month, compared to an average of 135,000 jobs lost in the previous three months.
The release of the unemployment report comes as President Barack Obama travels to Allentown, Pennsylvania to begin what the administration calls a "White House to Main Street" tour on jobs. Thursday the president held a jobs forum at the White House.
CNN Deputy Political Director Paul Steinhauser contributed to this report
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This is good news. Or rather, it is better news.
Let's see if we can avoid the spin on either side.
It is POSSIBLE that Obama neither helped nor hurt the economy this month ...
This is good news? I guess even the dems haven't had time to completely destroy the economy, yet. Health care should just about do it. Let me know when jobs (not gov't) start being CREATED by the private sector.
A jobs forum? Why was the Chamber not invited? Where was the 'real' private sector. More smoke and mirrors by the socialist- in-chief.
and how many jobs were "saved or created" from all that funny governemtn tracking stuff
something does not smell right here........
my god............its this government
Bear in mind, that what that means is that not as many people lost their jobs last month, compared to the previous months. What it realy means is that there are just not many more jobs that can be cut and that unemployment is extremely high and that the liberal stimulus plan has been a complete and utter failure like Obama. He will claim that between 600K and 1 million jobs have been created for $1 trillion dollars. Do the math and that is an astounding waste and like all things in this administration, a lie. Why not drop the capital gains tax and create some real jobs? We know why, it doesn't create and sustain voters that will keep these idiots in office, like not having tort reform in health care legislation. Obama, four and the door. Welcome back Carter.
Good news for America!
More concrete proof President Obama's "porkulus" package is bringing home the bacon!
Lowest layoff rate since the recession started. This on top the Fed report yesterday that 8 of 12 districts are improving and 4 stayed the same, but none declined. BOA paying back bailout(which for you cons with short memories was a Bush/Paulson bill) which can be used it to extend unemployed benefits into next year and to help spur job creation with entry level jobs.
President Obama may not be able to solve all the country's ills as fast as some would like but he is helping to solve many of them and not just ONE at a time as some would like.
The ones that needs to be looking for jobs next year are the crooks in Congress.
hope it continues to go down
... so you white ringers feel it's the federal government's responsibility to provide everyone with a job.
Let's see how many people turn this into a negative...
But... Mitt Romney said that the President's take on the matter was only making it worse! That there was no way that he could fix it the way he's been acting! Mitt Romney was... wrong?
OK, talking seriously... a 0.2% decrease isn't much (obviously) but no one that read books about economy can deny that the jobs are always the last ones to recover from a blow like September/2008 delivered to the World's economy. Jobs are always the last, fact.
And they are starting to recover, another fact.
where ?........................................... where are the jobs.....
It's December 4th, he took office in January and he just now is starting to focus on the biggest problem in this nation, wheres he been?
That's a good news for the economy,a good news for President Obama and a good news that the stimulus package is actually working.
Good news.....Except its seasonal help, not long term employment.
I don't think we give Dems a cookie because unemployment "fell" to 10%.
Reporting "only" 130000 jobs lost, as a "big improvement", is certainly a matter of how you look at things.
We are a Lonnnnnnnng way from recovery.
haha...CNN...you posted this as a "Significant," drop on your headlines? Does your measure unemployment include the very, very, temporary jobs for the Christmas season? Does it include the folks who've given up on finding employment and aren't claiming benefits? Does it include those under employed? the answer is NO. Obama's administration has come to town and made a bad situation much worse. Another measure would be..how many of the "jobs created," were government jobs..? You know, the ones that burden the taxpayers to fund the bulging seams of the government? And they want to institute cap and trade, and healthcare? This administration's a joke.
I mean really, should we be chearing because fewer people lost their jobs? I will start cheering when people actually start getting jobs.
10.2% down to 10% based on who's records? .2%, Democrats are excited over this? The democrat's fabrication of these bogus numbers is sad for America.
I have seen more than one set of numbers, on jobs lost. It would be nice, if we could hear something reliable.
If and when the unemployment rate drops to 8.0, or even better, 7.5, the GOP will be in trouble big time....all they have to show for 2009, is alot of crap talking, and "no" votes.......They've bet on the failure of the DEMS, as their way back into power.......
I pray to God the unemployment rate drops for #1 the citizens of our great nation, and #2, so all the detractors of the President and his agenda, can eat crow.
Oh a good news story, cant wait to see how fast the repubs and cnn twist this into a negative.
the fact is that you play games with definitions, statistics, samples and timing to the point where the first question regretably I ask myself is what does the person stand to gain by saying this
I DON'T BELIEVE YOU
I will believe you when my friends are back to work
In the mean time, you are just annoying
Unemployment would be at 17 per cent if they counted the people who have given up on finding a job, but that will not be reported because of the current occupant of the White House. Liberal media bought and paid for by the DNC.
So... I am sure the Republicans will give Obama full credit when the economy recovers. Right? 😉