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Unemployment rises. This could also be linked to the article I just posted
Posted: Sep 3, 2010
In my county, unemployment is now up to 11% and most who live here work out of the county because NAFTA put all our manufacturing companies out of business.
The unemployment rate edged up and private-sector job creation continued at a modest pace in August, the government said Friday, reflecting an economy that is treading water, neither accelerating into a robust recovery nor slipping into another recession.
The unemployment rate rose slightly to 9.6 percent, from 9.5 percent, the Labor Department said, as hundreds of thousands of people rejoined the labor force.
Private employers, meanwhile, created a net of 67,000 jobs, better than expected but below the 107,000 positions they added to payrolls in July. Overall, the nation shed 54,000 positions, but that was driven by the elimination of temporary Census jobs, which was widely anticipated.
Speaking in the Rose Garden, President Obama called the eighth straight month of private-sector job growth "positive news," but added that "it's not good enough."
"It took years to create our current economic problems, and it will take more time than anyone would like to solve our problems," Obama said.
The president, responding to a question from reporters, said he will offer more details next week of a new package to try to address the nation's continued high unemployment. He did not specify what those proposals will be, but people with knowledge of the deliberations have said that they are weighing business tax breaks meant to spur hiring, such as a temporary payroll tax holiday and a permanent extension of a tax credit for research and development
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