FAIL. Unemployment Rate Stuck at 9.6% in October
They wanted to fundamentally change America. They did.
The US unemployment rate has not fallen below 9.0% for over a year now. This is unprecedented.
Fail. The unemployment rate remained at 9.6 in October making Barack Obama the worst jobs president since the Great Depression.
The AP reported:
Employers added the most jobs in five months in October, with the education and health care sectors leading the way.
But the unemployment rate, measured by a separate survey of households, remained stuck at 9.6 percent for the third straight month.
The Labor Department said Friday its survey of employers showed a net gain of 151,000 jobs last month, the most since May. Wall Street analysts expected a smaller gain.
Private employers hired 159,000 workers, while governments at all levels shed only 8,000 jobs, a much better showing than September’s sharp drop.