Jobs Up In October President Encouraged

11.05.10 | FL News Team

(Washington, DC)  --  Employers added more than 150-thousand jobs last month, giving President Obama some cheer as he embarks on a ten-day trek to Asia.  The President called it "encouraging news" at a press conference this morning, citing ten straight months of private sector jobs growth.

The national unemployment rate remains at nine-point-six percent.  Mr. Obama called that unacceptably high and said there's much more work to do.  He urged Congress to move quickly to approve new tax breaks for small businesses and to accept his proposal for a massive new infrastructure program.

With a nod to Tuesday's midterm election results, Mr. Obama urged lawmakers to put partisan politics aside to solve serious problems.  He said the nation cannot afford two years of gridlock.  Republicans seized control of the U.S. House in Tuesday's elections while Democrats retained control of the Senate.