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Posted at 9:13 AM ET, 12/ 3/2010

Unemployment jumps to 9.8 percent, a sign of slower recovery

By Peter Whoriskey

After three months of holding steady, the unemployment rate rose to 9.8 percent in November, with payroll employment showing little growth, the U.S. Bureau of Labor Statistics reported today. The jump is another sign of weakness in the recovery.

The Labor Department's monthly report on employment dashed the expectations of economists, many of whom had predicted much more robust growth in jobs.

The news also punctures some of the optimism that had been building because of other recent positive signs in the economy: Pending home sales jumped a surprising 10 percent; sales by U.S. automakers climbed by double-digit percentages; and many of the nation's largest retailers reported better-than-expected sales last month.

The unemployment report depicted instead an economy that was faltering, even weakening in its ability to add jobs.

While nonfarm payroll employment climbed 172,000 in October, the report said, it rose by only 39,000 in November.

The most significant job losses were in manufacturing and construction. Some of the biggest job gains were in health care. The unemployment rate among adults with a high school education or less is double or triple that for workers with a bachelor's degree.

The drop in job growth suggests that it could be more than a year before the unemployment rate dips back down to relatively normal levels.

The Social Security Administration estimates the United States will have to add at least 200,000 jobs a month to push unemployment below 8 percent by 2012, assuming that the rate of people joining the workforce remains steady.

By Peter Whoriskey  | December 3, 2010; 9:13 AM ET
Categories:  Auto industry, Housing, U.S. Labor Department, Unemployment  
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Comments

But the rich needs tax cuts to create jobs...What a crock

Posted by: hart2014 | December 3, 2010 9:28 AM | Report abuse

Can someone remind me again why Obama wanted us to spend $800+Billion? I thought it was to create jobs. So what happened?

Posted by: sanmateo1850 | December 3, 2010 9:30 AM | Report abuse

Obamanomics continues to fail. Even with the meddling by Benny Bernanke has sputtered. America is on a long slide to death.

Posted by: SSTK34 | December 3, 2010 9:30 AM | Report abuse

Unemployment keeps going up and the Dems want to raise taxes, increase the budget deficit and attack business....and they wonder why America has given up on them.

Posted by: Anonymous | December 3, 2010 9:30 AM | Report abuse

As the current "administration" can't make up it's mind, business will not hire due to the uncertainty. Less taxes mean more employment and that generates tax revenue.

Posted by: gmclain | December 3, 2010 9:32 AM | Report abuse

Most companies don't hire during the holiday months.

Let's see what they have to offer after February when all of the shopping, traveling ,and holiday partying is over with. My guess is that things will pick up some time towards the end of the first qtr., or the beginning of the second qtr.

Posted by: Anonymous | December 3, 2010 9:33 AM | Report abuse

Interesting! With supposed holiday hiring one would think unemployment would tick down.

For sure we cannot tax cut or spend our way to better employment numbers. It will take real leadership to improve things. So we need not worry about creating too many jobs.

Posted by: Maddogg | December 3, 2010 9:34 AM | Report abuse

Raise taxes, that will speed the recovery.

Like stepping on the brakes when you're driving up hill.

Class warfare and liberalism work out great.

Look at how well California's doing.

Posted by: Anonymous | December 3, 2010 9:36 AM | Report abuse

Yes, it has become painfully obvious that Obama's policies have just made this recession deeper and longer.

The guy could not find a bowling ball in a sock drawer and worst of all he believes he knows it all and that these failures in his policies are someone else's fault.

He has redefined inept.

But then again what did the voters expect, he has virtually no experience for the position..

Posted by: RandyM1 | December 3, 2010 9:36 AM | Report abuse

YOU PEOPLE ARE IDIOTS! You see what you want to see. Instead attacking president Obama who wants lower taxes for regular folks like all of you. Why dont you channel that energy to the businesses who made record profits as result of "Obamanomics" and have hired no one. Instead they're using that cash to advance the pay of CEO who are already millionaires and billionaire. The issue that I have with Obama is that he is refusing to kill the uncertainty. Raise the taxes on the rich by backing thier allies in congress (Republicans) into a corner. Let it be done with! How is it that supposedly lower taxes for the rich will create jobs when they're taxes haven't gone up and there are still NO JOBS! You middle class folks are so ignorant, you've grown accustom to being slaves for the rich, and you have no idea whats actually good for you anymore. It is not science, it common since. Personal income tax has absolutely nothing to do with the gross income of your florist shop, or mechanic shop. Get real, I'm no idiot!

Posted by: Anonymous | December 3, 2010 9:37 AM | Report abuse

It is a disgrace that Obama fails to realize how he is strangling job creation. Instead, he is using class warfare to protect his power.

Posted by: Anonymous | December 3, 2010 9:37 AM | Report abuse

Jeez Obama,,, what happened with all the "shovel ready jobs" you promised for the 1.4 trillion dollars you took ?


Posted by: Defund_NPR | December 3, 2010 9:40 AM | Report abuse

With unemployment in this country over 9%, this nation can no longer allow foreign nationals to work in this country either as temporary workers or as illegal aliens.

Send ALL illegal aliens home! No excuses, No exceptions. Stop issuing new and renewal "Temporary" work visas until the unemployment rate is less than 5%.

Seal the southern border with the military if necessary. No excuses, No Exceptions.

Let the labor marketplace work.

Posted by: FromHerndon | December 3, 2010 9:42 AM | Report abuse

It is class warfare. The rich have been raging war against the middle class for 10 years. They are trying to extinguish the middle class so that there will be a rich and a poor. Why are they doing that? Because that means more money for them. I don't get how millionaires are not coming to the defense of the president and the American people by saying; we dont need the cash, the country does. C'mon stop pulling for reasons to hate this president when truthfully, you hated him before he was even sworn in. You all are bitter because this country chose an intelligent African American man to run this country. What he needs to do is call these companies out that are single handely killing jobs in this country for no other reason than to protect their already FAT pockets. Its disgraceful. I am ashamed of what America has become!

Posted by: Anonymous | December 3, 2010 9:43 AM | Report abuse

Remember beginning in the 70s when one by one steel, autos, textiles, furniture and many other industries were being shut down and given away, with nothing in return ? Each time pronouncements from Washington assured us we were better off, citing pension and medical costs and the need to phase them out in favor of cheap imports. Give them a few million dollars to retrain for $10/hr jobs and the rest of us will be on our way. Optimists said don’t worry, dreaming loudly of the coming high tech information age, the magic bullet that will someday propel us from the abyss. Unfortunately strong national policies were never adopted and today, decades later, those same voices are largely silent as the majority of advanced degrees in math, science, and engineering are awarded by America’s finest universities to foreign students, and as U.S. corporations routinely export their fundamental technologies while simultaneously importing thousands of H-1B engineering and software professionals from the vast pools of technical talent in India and China where the newest R&D centers have been built. And neither are they saying much about the billions of dollars flowing into banking industry bonuses at a time high school teachers in math and science are lucky to have jobs, never mind the mediocre pay. What’s suddenly different? - the sources of "wealth" that masked these structural weaknesses are gone: inflated real estate prices, runaway credit cards, and wall street flimflam. What should be clear by now . . . . dysfunctional self-destructive policies like these explain rapidly growing deficits, bankrupt governments, and ranks of jobless Americans far more accurately than the temporary effects of a recession. We can only hope elected officials soon realize that true superpower status can not be sustained much longer by a superficial debt ridden economy built on derivatives, strip malls, $10/hr jobs, and cheap imports at Walmart.

Posted by: jdwil | December 3, 2010 9:45 AM | Report abuse

The Dems need to find someone else to run against Obama. Obama is a disaster for our party. Its time the dEMS REALIZE THAT OBAMA IS NOT CUT OUT TO FOR THS JOB.

IF OBAMA STAYS, HE NEED TO STOP TRYING TO PLAY SIDES, EXTEND ALL CUTS, AND IN FACT DECREASE TAXES MORE...... WORRY ABOUT THE DEFICT IN 2013.

Posted by: Sincear2021 | December 3, 2010 9:46 AM | Report abuse

Four years of a Democrat congress and 2 years of Obama with a super majority has spent us into oblivion and has not stimulated a flea. Hell they can't ever produce a budget.

Obama and accomplices are outrageously incompetent and an abysmal failure.

Stay tuned for SHELLACKING PART 2 2012...

Posted by: Anonymous | December 3, 2010 9:46 AM | Report abuse

Well the unemployment rate changed upward so I guess all we have left is hope.

Posted by: gun313 | December 3, 2010 9:47 AM | Report abuse

I see the Republicans are failures. Its been a month already, and all they've done is make the job situation worse. Miserable failures, Republicans.

Posted by: Anonymous | December 3, 2010 9:49 AM | Report abuse

This is being purposely done by white corporate America to make Obama look bad. Think about it. Incompetent white president (bush) economically wrecks America. African American phenomenon gets elected afterwards. If Obama was to bring the country back, this would be the most embarrassing moment for the white establishment. So in order to stop this from happening, the white establishment gets together it's big guns. Banks, Big Business, and the Republican party join forces to stop success from happening. Banks stop loaning or refinancing. Big business refuses to hire even though their making big profits. Republicans refuse to help with anything. A perfect combination for strangling the country until Obama leaves office. This is why America was not ready for a black president.

Posted by: Anonymous | December 3, 2010 9:49 AM | Report abuse

Four years of a Democrat congress and 2 years of Obama with a super majority has spent us into oblivion and has not stimulated a flea. Hell they can't ever produce a budget.

Obama and accomplices are outrageously incompetent and an abysmal failure.

Stay tuned for SHELLACKING PART 2 2012...

Posted by: Anonymous | December 3, 2010 9:49 AM | Report abuse

It should now be clear even to liberal Democrats, deniers of reality par excellence, that their massive spending spree has not produced jobs. Will they change their ways? Of course not- liberals are motivated by ideology. They will get on with their Marxian class warfare.

Posted by: Anonymous | December 3, 2010 9:49 AM | Report abuse

Most business managers have to submit their 2011 budget requests in December. Don't be discouraged. With record profits, perhaps managers have been given some room to authorize new positions. Lets see what happens in January and February. Hang in there jobseekers.

Posted by: AnnsThought | December 3, 2010 9:51 AM | Report abuse

Unemployment jumps to 9.8 percent, a sign of slower recovery
By Peter Whoriskey

Slower recovery? Where is the recovery, period!

Posted by: Anonymous | December 3, 2010 9:52 AM | Report abuse

Unemployment has risen to 9.8%? Thanks Obama and Obama voters! We can do it! Yes we can!

Posted by: liberalsareblind | December 3, 2010 9:53 AM | Report abuse

As someone who has spent 20 years managing recruiting organizations in the US and abroad the untold truth is that there are many unfilled jobs (I have over 100) but the people out of work are not sufficiently skilled to do the work.

We are witnessing a systemic shift in the economy (has been going on for over a decade). We now have structural unemployment of probably 7% these are semi to unskilled workers from factories or construction unsuited for Service Sector work. That number will diminish a little when construction picks up but not by much. Some of those workers will "get it" and retrain others will never work again.

Sadly the politicians on both sides do not want this truth to be told because these people still vote and being told you are on life's scrap heap unless you back to school does not go over well!

The other truth is that our high schools fail to produce the technically competent students we need to learn the modern jobs and while our Colleges are superb they struggle to find qualified students unless they open up to foreigners.

The harsh truth for the moden world is tech jobs are now virtual with teams collaborating in real time across continents so the work goes where the knowledge is. The old semi skilled work is now in China, Vietnam and soon Africa; those people in Europe and the US who are semi or unskilled are screwed unless they can re-tool and some simply lack even the basic education to do this.

The US will have an underclass and yet will need to also hire foreigners to do the skilled work US nationals as unqualified for. We need these foreigners to come and work here so at least some of the unskilled can have jobs based from the earnings of these foreigners (shop work, office cleaning, etc). And at some point we need to improve technical education in High School and stop kidding ourselves that the issue will go away if the rich get tax cuts or the government spends stimulous dollars - both are political myths designed for simpletons.

Posted by: Anonymous | December 3, 2010 9:55 AM | Report abuse

I'm not surprised at all, our congressional representatives are more worried about the 2012 election than our citizens. Then we have the corporations siting on 1.6 billion dollars claiming they don't know how to spend it, they decided to acquire their own stock to keep the stock holders happy. mm mm
The rich haven't lost their tax breaks, SO WERE ARE THE JOBS. Why should the tax breaks for the rich be extended if there not working. I'll tell you were the jobs are, Japan, India, Taiwan, and the rest of the cheap labor countries, but don't sweat it, the GOP has the answer. SO

Posted by: shipfreakbo214 | December 3, 2010 9:57 AM | Report abuse

The Free traitors and the banksters are getting bonuses this Christmas so what's the problem?

You people have some nerve complaining and ruining the season for the very nice rich people.

An no little Timmy can not have that operation--the hospital no longer accepts medicare or medicare they need their bonuses to.

The nerve of you people.

Posted by: Anonymous | December 3, 2010 9:57 AM | Report abuse

Only 39,000 jobs added? Very good and kudos to the "moneychangers" in the top 2 percent.

So, let's see: 9.8 percent official rate plus the ones who are living in boxes and it's around 18 percent? Probably very close.

Have a nice Xmas, not. And BTW, not's not the "President" who is responsible for this mess. No matter what he personally would like to see, it's the multinationals who steer the ship. They're having the time of their lives are the expense of the little people.

Money, money, money....

Posted by: veerle1 | December 3, 2010 9:58 AM | Report abuse

The comment above is correct, this is a calculated response by white corporate America to bring this president to his knees. In order to not be a complete embarrasment to the people who want him to succeed so badly, he is caving to Republicans and thier allies (big business) instead of playing hard ball with them. Single handely, Obama cannot change anything, he needs the cooperation of the congress and the private sector to reverse the catastrphe that we call our economy. Instead Republicans are obstructing and big business is working the living day lights out of the little bit of employees they have, while they enjoy beach homes and vacations. What is even sadder, is that all this is being done to break our first black president. If you all dont see that this about the color of this president's skin ... you are CRAZY. Economist from either side will tell you that the Obama plan was supposed to work ... and it did, but instead of businesses hiring ... they refused, because they're Republicans friends are advising them not to. Mitch Mconnell meets with big business leaders every other day. You think they discuss ways to make the economy better? In the words of John Boehner; "hell no" they don't!

Posted by: Anonymous | December 3, 2010 10:00 AM | Report abuse

The tax cuts have created thousands of jobs since originally implemented. Based on the success of the tax cuts so far the cuts will lead us all to good jobs and prosperity.
If small business is shut down without a tax cut then those business owners shouldn't be running a business if they don't know accounting and taxes.

Posted by: Anonymous | December 3, 2010 10:00 AM | Report abuse

The comment above is correct, this is a calculated response by white corporate America to bring this president to his knees. In order to not be a complete embarrasment to the people who want him to succeed so badly, he is caving to Republicans and thier allies (big business) instead of playing hard ball with them. Single handely, Obama cannot change anything, he needs the cooperation of the congress and the private sector to reverse the catastrphe that we call our economy. Instead Republicans are obstructing and big business is working the living day lights out of the little bit of employees they have, while they enjoy beach homes and vacations. What is even sadder, is that all this is being done to break our first black president. If you all dont see that this about the color of this president's skin ... you are CRAZY. Economist from either side will tell you that the Obama plan was supposed to work ... and it did, but instead of businesses hiring ... they refused, because they're Republicans friends are advising them not to. Mitch Mconnell meets with big business leaders every other day. You think they discuss ways to make the economy better? In the words of John Boehner; "hell no" they don't!

Posted by: Anonymous | December 3, 2010 10:00 AM | Report abuse

The way things are going I would think twice about buying a new tooth brush. We are all in deep do do here people, I do not think they ask you if you are a repb or a dem when hiring or firing. We desperately need some adult leadership! Thank God my husband and I still have our jobs but who really knows from day to day in this country, here today gone tomorrow. We all need to stand together united we stand divided we fall....

Posted by: independent31 | December 3, 2010 10:01 AM | Report abuse


It appears Obama’s (and the Progressive liberals) Sterling economic plan has only produced lasting high unemployment and SLOW grow over the last 2 years.

Maybe we should try an ALTERNATE plan that will reduce unemployment a little quicker and increase growth to a higher rate.

It’s time Mr. President to move to Plan B that maybe isn’t so focused on ‘fairness’ and is more focused on actual economic GROWTH!

Posted by: bcarte1 | December 3, 2010 10:02 AM | Report abuse

Obama has turned out to be a front man or puppet for the same companies and individuals who destroyed the economy. Oh he's been allowed to voice some of his private interest.

Being an apologist for Islamoterrorists, criticizing the USA, etc., has made America mo better for its unemployed.

But Obama obviously just wanted to become one of America's elite and wealthy. He needed to become the president for that. The 2008 campaign was smoke and mirrors for us that voted for him.

Posted by: Anonymous | December 3, 2010 10:03 AM | Report abuse

It's obvious that the bulk of the unemployed are tea party wingnuts because they have all this free time to post comments here criticizing Obama. We'll your wrong that government can solve this problem which is ironic since government through it's embrace of globalism has allowed all our work to move to other countries. It's too late. The USA is undergoing a fundamental change as many of your who are unemployed are going to have to switch occupations. Exactly what that occupation will be remains to be seen. That's where we could use some leadership--to figure out how to get manufacturing going again in the USA. Not all goods need be made in China. Not all call centers need be in India. They will come back here when wages in the USA fall to the levels of those countries for that type of work.

Posted by: werowe1 | December 3, 2010 10:03 AM | Report abuse

I am so tired of hearing schizophrenic economic reporting!

One day, it's non stop news reporting about how great the job market is, income is up, things are improving! BLAH! BLAH! BLAH..!

The next day, the job outlet is worsening! It's doom and gloom!

All this amounts to is BS! It is all about propping up the bogus stock market!

Posted by: kucy1 | December 3, 2010 10:07 AM | Report abuse

This is not very surprising. It will be years, maybe never, until the unemply rate goes back to 5%. Business has found new ways to get work done by shifting more of it to the remaining employees. The stimulus didnt create jobs as much as it saved other people from losing theirs. Tax breaks for the rich will do nothing for the economy, why would they hire more people when they can get the job done with less people. Business owners and corporations will keep the extra money for themselves. Thos manufacturing jobs....gone forever to china and india. This would have happened no matter who was in charge of the gov't. Anyone who says if McCain won and had a GOP majority in Congress that the economy would be roaring right now is just being a fool.

Posted by: Anonymous | December 3, 2010 10:08 AM | Report abuse

Hours cut? Kicked to the curb? Family members out in the cold? Corporate America got the bail out on your back.
Stop adding to their bottom line, most particularly, stop purchasing products made overseas! Purchase goods made domestically, especially locally, buy used, do without. Cancel cable, even turn off the TV and take up an outdoor sport or activity for recreation. FOX news is the mouthpiece of Corporate America, after all--and who needs their propaganda? Say no to the latest technology and take control of your life.

If a national movement of this sort cuts corporate profits by 9.8%, we'll see some job creation action in Congress.

Posted by: IAmend | December 3, 2010 10:09 AM | Report abuse

At a time that retailers should be adding seasonal workers you see a decline? Not a good sign people. Small businesses employ 70% of Americans now and as a business owner if you don't know what your tax rate will be you can't hire new people. Job slots are waiting to be filled but final numbers will have to be determined after you know how much in taxes you will be paying.

Posted by: Desertdiva1 | December 3, 2010 10:09 AM | Report abuse

President Obama, To get the recovery going, start by going after all employeers & renters of ILLEGALS. End the two Bush Jr. crusades. Put the draft back in as it was. Change the tax laws so that out of the country profits will be correctly taxed. Require only floating currencies to be used for all transations with the U.S.A.. Now you will built a better recovery as well as a America as it once was and stop poor spending of taxpayers money. Your welcome.

Posted by: Anonymous | December 3, 2010 10:16 AM | Report abuse

Desertdiva1 writes: Small businesses employ 70% of Americans now and as a business owner if you don't know what your tax rate will be you can't hire new people."

TOTALLY WRONG!!!! Small businesses in the US employ about HALF of the working population!!!
http://web.sba.gov/faqs/faqindex.cfm?areaID=24

Anticipating higher taxes? Businesses should work harder and smarter--and create stable jobs to repair the economy. They've already profited from the Bush-era tax cuts and paid no attention to what their Republican representatives were deregulating. Break the unions? Then you've broken America's middle-class prosperity.

If unemployment rates continue to climb, ditto for underemployment, widespread poverty in the US will send tax rates sky-high for everyone who pays taxes.

Posted by: IAmend | December 3, 2010 10:25 AM | Report abuse

As we know, one definition of insanity is doing the same thing over and over and still expecting different results. The concept of Government creating jobs is insanity. Obama needs to admit he is wrong - something the left tried to get Bush to do for years and ridiculed him for not doing it - and let the Republicans and non-Keyneseans run the show. We need to fire Obama and his economic team. They failed. Spare me the Bush did it. Obama has had two years and trillions of dollars and he has done everything but provide incentives to the private sector to create jobs.

Posted by: beachbum09 | December 3, 2010 10:30 AM | Report abuse

Refinancing replaces your current mortgage with a new loan that has a more favorable interest rate and terms that you can afford to manage. The new loan is secured on the same property as your current loan. I refinanced and saving $451 every month! search online for "123 Mortgage Refinance" they got me a 3.11% rate

Posted by: debramaynard | December 4, 2010 2:21 AM | Report abuse

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