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President Obama Says Economy Improving After August Increase Of Unemployed

President Obama just addressed reporters at a White House conference just hours after the report of higher unemployment numbers of 9.6% and 54,000 lost jobs.

In his address he stated that the economy is moving in the right direction but more programs must be put in place to increase the number of jobs created. When reporters began to question him about the higher job loss numbers he reiterated his stance that the economy is improving and then quickly left.

This comes after …


Latest Layoffs Closings


Dismal August 2010 Job Numbers Unemployment 9.6%

The jobs report for August 2010 had some mixed numbers but the overall outlook is not that of improvement.

In August the Government jobs were cut by 127,000 many were temporary Federal jobs however the losses were felt at all levels. In addition reports that came out in July showed that the Bureau of Labor Statistics was inappropriately counting Federal Jobs up to ten times for the same person who would be laid off weekly and rehired to perform census reporting.

In …