The U.S. Labor Department announced that 211,000 new jobs were created in November and the unemployment rate held steady at 5%. It was the 69th straight month of positive job creation despite the opposition by the republicans in congress to the President's plans to put America back to work. The unemployment rate when President George W. Bush left office was 7.8%
The latest unemployment rate for Louisiana released by the Louisiana Workforce Commission was for October and came in at 6.2%, up from 6% the previous month. When Jindal took office the Louisiana unemployment rate was 3.8% Louisiana has not enjoyed the lower unemployment rate that has taken place nationally, but take heart Louisiana, that will change for the better with democratic governor elect John Bel Edwards on the job.
This commentary written by Joe Lorio
