The U.S. Department of Labor announced this morning that the jobless rate has dropped below 8 % for the first time in almost four years. The number of people reporting they’re employed has jumped by 873,000 in the month of September. The percentage of unemployed dropped from 8.1% to a 44-month low.
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In this weekâ€™s address, the President blasts Republicans in the Senate who are blocking unemployment insurance and small business tax breaks to create jobs — even as they push for permanent, massive tax cuts for the richest Americans. The Republican leadership in the United States Senate chooses to filibuster our recovery and obstruct our progress. And that has very real consequences.
â€œDespite all their rhetoric, when the time came to support lower taxes for 98 percent of Americans, Republicans in Congress voted â€˜no.â€™ Not a single Republican voted for tax relief, even in the midst of the greatest recession since Herbert Hoover that they created through the policies of the Bush Administration. By siding with Wall Street, Big Banks, and special interests, Congressional Republicans threaten to reverse this progress and return us to an era of devastating job losses, fiscal irresponsibility, and financial chaos.
In a hopeful jobs report before the holidays, the nation’s unemployment rate eased to 10% in November from 10.2 % in October, and the number of workers on payrolls was essentially unchanged last month, the Labor Department said today.
WASHINGTON â€“ In this weekâ€™s address, President Barack Obama spoke of how important small businesses are to the economy and described the steps his administration is taking to support them.Â Health insurance reform will allow small business to purchase insurance for their employees through exchanges, which will increase the quality of coverage while lowering the…
It was a great privilege to have the chance to attend the Town Hall meeting with President Obama in Costa Mesa on Wednesday. I have had the opportunity to cover a number of events with the Democratic Party over my three years of blogging, but not as a credentialed member of the White House press.…