News / USA

US Unemployment Rate Edges Higher

Job applicants receive interviews by Florida Marlins staff at Marlins Park in Miami, Florida, October 24, 2012.
Job applicants receive interviews by Florida Marlins staff at Marlins Park in Miami, Florida, October 24, 2012.
VOA News
The U.S. labor market added another 171,000 jobs in October even as the country's jobless rate edged higher.

The government reported Friday that as more workers looked for work, the unemployment rate hit 7.9 percent, up one-tenth of a percentage point from September.

This is the last major economic report before Tuesday's U.S. presidential election where much debate has focused on which candidate can cut the jobless rate and boost the country's sluggish economy.

When the U.S. unemployment rate fell to 7.8 percent in September, it was the lowest level during the White House tenure of President Barack Obama.  The rate was 8 percent or worse for 44 straight months.  Since World War II, no U.S. president has won reelection with an unemployment rate above 7.4 percent.  

Friday, Republican presidential challenger Mitt Romney said the one-tenth of a percentage point increase in the unemployment rate is a reminder that the economy is at a "virtual standstill."

At a campaign rally in the midwestern state of Ohio, Obama noted that the October job gains were the largest in eight months, which he called "real progress."  But he added that more work has to be done to advance the economy.

"As long as there's a single American who wants a job and can't find one, as long as there're families working harder but falling behind, as long as there's a child anywhere in this country who's languishing in poverty and barred from opportunity, our fight goes on," Obama said.

You May Like

Turkey's Controversial Reform Bill Giving Investors Jitters

Homeland security reform bill will give police new powers in search, seizure, detention and arrests, while restricting the rights of suspects, their attorneys More

Audio Slideshow In Kenyan Prison, Good Grades Are Path to Freedom

Some inmates who get high marks could see their sentences commuted to non-custodial status More

'Rumble in the Jungle' Turns 40

'The Champ' knocked Foreman out to regain crown he had lost 7 years earlier when US government accused him of draft-dodging and boxing officials revoked his license More

This forum has been closed.
Comment Sorting
Comments
     
by: American from: USA
November 05, 2012 7:48 PM
The Center For Immigration Studies (CIS) report titled 'Who Got Jobs During the Obama Presidency? Native and Immigrant Employment Growth, 2009 to 2012' reveal that, "since President Obama took office, 67 percent of ALL U.S. employment growth has gone to immigrants (legal and illegal). This president, like those before him, has chosen not to reduce immigration despite the worst job market since the Great Depression."


by: Anonymous
November 02, 2012 10:04 PM
"US Unemployment Rate Edges Higher" Stopped reading after that. Thank you Obama.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Victorious Secularists Face Challenge to Form Government in Tunisiai
X
Henry Ridgwell
October 30, 2014 11:39 PM
Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Victorious Secularists Face Challenge to Form Government in Tunisia

Official results from Tunisia show the Islamist Ennahda party has failed to win the second free election since the so-called "Arab Spring" uprising in 2011. Ennahda, which handed power to a government of technocrats pending the elections, lost out to the secular party Nidaa Tounes. Henry Ridgwell reports from London that the relatively peaceful poll offers some hope in a volatile region.
Video

Video Africa Tells its Story Through Fashion

In Africa, Fashion Week is a riot of colors, shapes, patterns and fabrics - against the backdrop of its ongoing struggle between nature and its fast-growing urban edge. How do these ideas translate into needle and thread? VOA’s Anita Powell visited this year’s Mercedes Benz Fashion Week Africa in Johannesburg to find out.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.

All About America

AppleAndroid