Job Growth Numbers for November 2009
The unemployment rate dropped to 10.0% in November, with the least number of jobs lost since the recession began. President Obama declared that, "we've seen a significant turnaround in the economy overall," at his jobs summit, but there are still 15.4 million Americans without a job and 861,000 discouraged workers giving up the job hunt all together. President Obama promised in February that "more than 90 percent of the jobs created by this plan will be in the private sector," but even his Administration's own documents admit more than half of the 640,329 jobs claimed to be "saved or created" by the stimulus have been in the public sector, 325,000 of them being in education alone. This is cause for concern, especially when considering the on-going health care, spending, and climate debates and the proposed Democratic bills in Congress that would raise taxes, make it more difficult for companies to operate, expand the power of unions, and discourage businesses from hiring new employees.