89°
Baton Rouge, Louisiana
3 Day Outlook
Sat
94°
69°
0%
Sun
93°
70°
0%
Mon
90°
71°
20%
Follow our weather team on social media

Obama: New jobs growth part of 'real progress'; Romney calls it 'stagnation'

2 years ago November 02, 2012 Nov 2, 2012 Friday, November 02 2012 Friday, November 02, 2012 11:22:52 AM CDT in News
Source: Associated Press

HILLIARD, Ohio - President Barack Obama is hailing another month of job growth but declaring "we've got more work to do."

Falling just four days before Tuesday's election, the government's latest employment snapshot shows U.S. employers added 171,000 jobs in October. It also shows hiring was stronger in August and September than first thought.

The unemployment rate rose to 7.9 percent in October, from 7.8 percent in September, mainly because more people began looking for work.

Obama said the job growth is part of a pattern of 'real progress' that includes a stronger auto industry, rising home values and less dependence on foreign oil.

But Mitt Romney says the one-tenth-of-a-point increase in the unemployment rate to 7.9 percent is, quote, "a sad reminder that the economy is at a virtual standstill."

The Republican presidential nominee says voters will decide Tuesday between what he calls stagnation and prosperity.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
Radar
7 Days