Jobless Rate Up Slightly to 9.6 Percent

Washington, D.C. (Sept 02) – With a tone of optimism, the Labor Department reported fewer jobs lost in August with hiring in private sectors increasing.

Labor Department Officials state the small increase in the percentage of the unemployment numbers is due to more people searching for jobs in August than in previous months. The Bureau of Labor Statistics determines the unemployment numbers not simply on the number of Americans unemployed but the numbers of Americans looking for work.

Regardless, economists are expecting the labor markets to begin adding as many as 200,000 to 300,000 jobs per month within the upcoming months. Certainly, a positive sign over the Bush administration years of 500,000 plus Americans losing their jobs per month however, the unemployment rate could remain high for nearly two years to cover the losses.

Another argument for Americans Want to Work Act, as well as simply keeping the unemployment coffers full of funds. Republicans still leery that the unemployed are actually looking for work referring to America’s unemployed workforce as simply, “lazy” or “freeloaders” unwilling to work and simply sit at home collecting unemployment benefits.

The Republican Party logic is certain to carry over into next week whereas, the Small Business Jobs Creation Bill along with, Americans Want to Work Act will definitely be blocked by Senate Republicans shoring up their campaign coffers with donations from CEO’s and corporations taking advantage of offshore tax breaks.

Nonetheless, the news from the Labor Department is certainly mixed and somewhat confusing since, no mention of the numbers of America’s unemployed workforce that are drawing unemployment benefits or unemployment extensions were mentioned.

Posted by worldnews on September 3, 2010. Filed under Breaking News,economic recovery,economy,Money,US Business News,WorldNewsVine. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.