Business
African-American Unemployment Rate Climbed in August
In addition, the Labor Department reported on Wednesday that unemployment rates dropped in a majority of American cities in July despite a weak increase in jobs. But the economy needs twice the number of 117,000 net jobs added in that month to make a real dent in the overall unemployment rate.
The August report underscores the importance of the jobs plan that President Obama is scheduled to unveil before a joint session of Congress on Sept. 8, in which he is expected to unveil a grand plan to boost job creation and the economy, while at the same time reducing the nation’s ballooning deficit and debt. It will undoubtedly be a difficult balancing act, but he won’t be alone.
Republican presidential candidates will also be on the spot during their Sept. 7 debate, when they too will be expected to provide solutions to the nation’s troubling and persistent unemployment rate that is affecting a broad swath of the American public. They will be challenged to provide fair, balanced and workable solutions that will get millions of struggling Americans back to work.
Copyright 2011 The Associated Press.
