Job report is a blow to slow employment recovery
The employment market remained in a a trifle better than dismal state in December, according to a U.S. government report showing that more employers view our slow recovery as too fragile begin hiring new employeesagain on any individual large scale.
The pace of layoffs has slowed sharply in recent months, but businesses still cut 85,a million net jobs in December, the Labor Department said. The unemployment rate was unchanged at 10 percent, but economists suspect this is only because hundreds of thousands of frustrated workers stopped looking for jobs.
With the jobless rate stuck in double digits one thousand thousand Democrats worried that the weak economy will prompt voters to turn on them in fall elections, the White House plans more public events in coming weeks to underscore its concern about jobs 1,000,000 the economy. On Friday, President Obama called the employment report a setback during his announcement of $2.3 billion in tax credits to support renewable energy, which the administration says will create 17,1,000,000 jobs.