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Unemployment Rate Rises Slightly as More Resume Job Search

4 years ago
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The jobless rate increased by a tiny tick in August even though the private sector grew by 67,000 new jobs. President Obama called the growth "positive news," though "not nearly good enough."

The Labor Department said the jobless rate was virtually unchanged, rising from 9.5 percent, where it's been stuck since June, to 9.6 percent, in part because more temporary Census positions vanished and half a million "discouraged workers" resumed job searches. When the unemployed stop looking, they're removed from the jobless rolls.

The number of unemployed, 14.9 million, was "little changed" from July, the government said, but it included some 114,000 who lost their jobs as Census workers.

Obama urged Congress to approve legislation offering tax incentives and loan assistance programs for small businesses -- and he said he would outline a "broader package of ideas" for the economy next week.

"We need to take further steps to create jobs and keep the economy growing, including extending tax cuts for the middle class and investing in the areas of our economy where the potential for job growth is greatest," he said. "In the weeks ahead, I'll be discussing these ideas in more detail." The key point, he told reporters, "is that the economy is moving in a positive direction. Jobs are being created. They're just not being created as fast as they need to, given the big hole that we experienced."

Christina Romer, chairwoman of the White House Council of Economic Advisers, said the August report was "better than expected," as it showed an eighth consecutive month of private sector job growth. It's not enough to bring the rate down quickly, Romer said, but "today's numbers are reassuring that growth and recovery are continuing."

Word of the stubborn unemployment figures came at the close of a week that brought mildly encouraging economic news. First-time claims for jobless benefits fell slightly last week, retail sales grew last month, and contracts to buy homes went up by more than 5 percent in July. In addition, the Labor Department revised the July numbers for new jobs upward to 107,000.

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17 Comments

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tnickerson08

These 67,000 jobs were in the health care industry which seen a boost because of Medicare, so are these really "private sector jobs"?

September 03 2010 at 3:17 PM Report abuse +1 rate up rate down Reply
tnickerson08

I wonder what christina romer expected since loosing thousands of jobs is "better than expected"? didn't obama call this "recovery summer"? Only a democrats could call loosing thosands of jobs each and every month "positive news".

September 03 2010 at 3:15 PM Report abuse +1 rate up rate down Reply
haughtbs

Anyone want to bet that the figure of 67,000 new jobs will be revised? And in what direction?

September 03 2010 at 3:00 PM Report abuse +3 rate up rate down Reply
jv1939

Since there still is no work for the family man and etc. the little people- what happens if we all go on welfare and it costs more to take care of us- or we all stand on line at the white house kitchen for food with our kids- lets get this show on the road and stop lying about the unemployed who have been looking for two or more years for a job- even if its at a donut shoppe- good luck to the little american and the american dream- take care of the big guys first- they seem to need the help more than us. we just keep paying the taxes with no money...

September 03 2010 at 2:26 PM Report abuse rate up rate down Reply
mrtaxattorney

Ever since Obama, Reid and pelosi took charge of Congress almost four years ago, we have been in a steady decline in almost everything we depend on. November will solve most problems and November 2012 will solve the Obama problem.

September 03 2010 at 1:35 PM Report abuse +1 rate up rate down Reply
1 reply to mrtaxattorney's comment
andrc657

Things are much improved with Obama, Reid and Pelosi.

September 03 2010 at 2:25 PM Report abuse -3 rate up rate down Reply
Kenneth

What about all those soldiers coming home. Do they have jobs? will they be applying for unemployment?

September 03 2010 at 1:01 PM Report abuse +5 rate up rate down Reply
John

Canadian unemployment rate remains at 8.0% for August (vs. 10.6% in the US). Canada continues to have NO failed banks (vs. over 280 US failed banks since January 1, 2008). Canadian parents receive a Family Allowence cheque from the Canadian Government of $100 per month per dependent child under age 19. How much does your government pay you to cover expenses for your children? The Canadian Government pays 65% of the university tuition of a Canadian university student (foreign students in Canadian universities pay full tuition). How much does the US government pay toward your or your kid's university tuition? 100% of Canadians have access to health care, paid for through taxation, with no insurance costs, no deductables, no copays, no out of pocket costs, and costing $1200 a month LESS than Americans pay for taxes + health insurance +deductables + copays. 100% of Canadians have access to all the health care they need in Canada vs. 37% of Americans who have insufficient access to health care to take care of their medical needs.Do 100% of Amercians have access to all the health care they need with no insurance costs, no deductable, no copay, no out of pocket cost of any kind as Canadians do? NO. The cost of prescription drugs in Canada is 40% of what they are in the US because the Canadian Government negotiated a licensing deal with drug companies which gives the Canadian Government price controls on prescription drugs in exchange for longer patents for the drug companies. How do you Americans like paying 2.5 times what we do for prescription drugs? In addition to Canada Pension Plan (like US Social Security, except that CPP is 20% more than US SS and can begin at age 60.Survivor benefit of CPP is $2500 while survivor benefit for US SS is only $255), Canadian Senior age 65 and above receives a $600 Old Age Security Pension cheque per month PLUS an additional means tested Guaranteed Income Suppliment. Do you get Social Security at age 60 as Canadians do? How much does your American government pay you as a pension over and above your Social Security?

September 03 2010 at 1:01 PM Report abuse rate up rate down Reply
1 reply to John's comment
sshrocked

I assume you're moving to Canada?

September 03 2010 at 2:08 PM Report abuse rate up rate down Reply
Kenneth

Rate going up. Wait until all the summer jobs that are cut after this weekend.

September 03 2010 at 1:00 PM Report abuse +4 rate up rate down Reply
MAC

i agree w/hussein....it is great news. surely even he cannot believe that s/s. guess it is good that they did not report the true unemployment rate, tho.

September 03 2010 at 12:34 PM Report abuse +3 rate up rate down Reply
andrc657

The economy seems to be improving. Obviously the economic crisis that Obama inherited was far worse than anyone realized. Fortunately they seem to have taken appropriate action just in time.

September 03 2010 at 11:59 AM Report abuse -11 rate up rate down Reply
2 replies to andrc657's comment
ecmscw

The financial crisis created by the House and Senate whiich the Democrats had all the power??????you mean that CRISIS?

September 03 2010 at 12:37 PM Report abuse +6 rate up rate down Reply
John

Look forward to 25% unemployment and no unemployment benefits, no Social Security, no Medicare, and your pay cheque just signed over to a millionaire without a cent to you, if Republicans get their way after November. Once those failed Republicana policies are in place again and puts the economiy into a second Great Depression, the situation today will look like heaven.

September 03 2010 at 1:05 PM Report abuse -6 rate up rate down Reply

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