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Obama boost: Jobless rate falls to 8.6

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Unemployment is the biggest threat to President Obama's re-election and the November jobs report out Friday morning revealed the unemployment rate dropped to 8.6 percent.

The U.S. Bureau of Labor Statistics reported "Employment continued to trend up in retail trade, leisure and hospitality, professional and business services, and health care. Government employment continued to trend down."

More from the Bureau: "In November, the unemployment rate declined by 0.4 percentage point to 8.6 percent. From April through October, the rate held in a narrow range from 9.0 to 9.2 percent. The number of unemployed persons, at 13.3 million, was down by 594,000 in November."

React from House Speaker John Boehner (R-Ohio):

"Any job creation is welcome news, but the jobless rate in this country is still unacceptable. Today marks the 34th consecutive month of unemployment above eight percent. As you may remember, the Obama administration promised unemployment would stay below eight percent if its 'stimulus' was enacted. That promise has gone unfulfilled.

"Because the president's policies have failed, the House has passed a series of bills designed to remove government barriers to private sector job creation. There are now 25 bipartisan jobs bills passed by the House awaiting a vote in the Senate. The key to getting all of these jobs measures enacted is the United States Senate. President Obama should use this opportunity to call on Senate Democrats to immediately give these bipartisan bills the vote they deserve.

"The American people want action on jobs, and the House is listening to the American people."


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Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

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This page contains a single entry by Lynn Sweet published on December 2, 2011 7:58 AM.

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