Oct 7, 2011 Comments Off Pat Dollard
Payrolls climbed by 103,000 after a revised 57,000 increase the prior month, Labor Department data showed today in Washington. The median forecast in a Bloomberg News survey called for a rise of 60,000. The gain reflected the return to work of 45,000 Verizon employees. The jobless rate held at 9.1 percent.
The hiring did little to draw down the number of unemployed in America, estimated at about 14 million. Since April, the jobless rate has hovered between 9 and 9.2 percent.
The report quickly was pulled into the debate on Capitol Hill over whether to pursue Obama’s $447 billion jobs bill — a mix of tax relief, infrastructure spending and other measures — or pursue a different route.
House Speaker John Boehner said the “sad numbers” show the federal government cannot keep pursuing policies of “more Washington spending, threats of higher taxes on small businesses, and excessive government regulations.”
“The fact that our unemployment rate remains this high — over two and a half years after Democrats’ trillion-dollar stimulus plan — is a clear signal that we need to change course,” said Rep. Dave Camp, R-Mich., chairman of the House Ways and Means Committee.