Unemployment Remains at 9.7 Percent for A Thrid Month In A Row

Happy Easter / Passover Unemployment  remains  unchanged at 9.7% for the third straight month. The Department of Labor released the latest non-farm payroll stats on Good Friday.

President Obama extol the good news during one of his infamous road trips to  battery factory in Charlotte,N.C.

“We are beginning to turn the corner,” he told workers at a battery plant in Charlotte, N.C., that received government stimulus money. But he added: “We shouldn’t underestimate the difficulties we face.”

Republicans dismiss the good news House Minority leader John Boehner says  Unemployment near 10% it  “…no cause for.celebration,” Said Boehner on Friday.

The employment numbers grew by 162,000 jobs. Most of the jobs is due to temporary employment. Including 2010 Census jobs with employed over 48,000 temp workers.

This is third month that payrolls increased since November 2009. Analyst say the economy is on the right track.

“It confirms that the economy has turned an important corner,” says J.P. Morgan Chase & Co. chief economist Bruce Kasman. “It’s been growing for a while, but I think what we’re seeing is that this growth is now broadening out to include jobs.”

Wall Street Journal

Yahoo Finance News

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