The United States reduces unemployment to cheer its citizens by reaching 103,000 jobs in September.
Despite the dark predictions about further negative impacts of recession on American economy, Obama administration can boast to defy all by this added employment. However, the addition in jobs has not changed the current unemployment rate, which remains on its August level– 9.1 percent.
The US economy is going through severe financial crisis since 2008 following the fall of two major US banks Lehman Brothers and Merill Lynch.
Meanwhile President Obama is trying hard to pass the jobs bill. According to the Labor Department, the Democrat’s are likely to face tough time with expectations to improve US economy in the midst of aggravating recession.
The country has gained 55,000 new jobs altogather in September. Following this the Labor Department has revised its statistics of zero job growth to a gain of 57,000 jobs since August.
Addressing a conference, President Obama called on Congress to cooperate in improving national economy and prevent job losses. He also urged diplomats to not bring politics in the way of job bill for national interests.
