Economy And Jobs

Friday, November 5, 2010 - 8:49am

The unemployment number is due out today.

Nine point six percent unemployment isn't expected to change when this morning's numbers come out.

Economists predict sixty thousand people found work last month…not enough.

Professor Peter Morici an Economist at the University of Maryland said, "In each county we are creating about twenty private sector jobs per month but there are five thousand job seekers."

Like Valerie Arrington…she got laid off in public relations and went back to her first love: baking.

"Unfortunately sometimes you're forced to go into things you're reluctant to go into, but I'm just glad I had that degree," said Arrington.

Republicans promise things will be different when they take over next year.

Senate Minority Leader Mitch McConnell said, "We will fight tooth and nail on behalf of Americans struggling to find and create jobs."

The Federal Reserve is hoping six hundred billion in new cash will loosen things up so employers start hiring.

Today, President Obama heads to Asia, hoping to secure new trade deals that will put Americans to work.

"We can sell in Asia, in some of the fastest-growing markets in the world, and we can create jobs here in the United States of America," said Obama.

But critics say the problem in Asia isn't just markets, it's money…China's currency.

"Until he's willing to stand up to China, America can't go forward," said Morici
 

Comments News Comments

Post new Comment