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Statement by Chair of the President's Council of Economic Advisors Christina Romer on the Employment Situation in October

Today’s employment report contained both signs of hope for recovery and painful evidence of continued labor market weakness. Payroll employment declined 190,000 in October, continuing the steady trend of moderating job loss that began last spring. Full Article at The White House

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  1. TORONTO, Nov. 6 (Xinhua) -- Employment in Canada unexpectedly fell by 43,000 in October, pushing the unemployment rate to 8.6 percent, up 0.2 percentage points on September, according to data released by Statistics Canada on Friday. Full Article at Xinhua

  2. The unemployment rate rose from 9.8 to 10.2 percent in October, and nonfarm payroll employment continued to decline (-190,000).... Full Article at Brad DeLong's Semi-Daily Journal

  3. Canada's job market declined far more than economists forecasted in October, erasing much of the gains of the past two months as more than 43,000 Canadians lost their jobs while the unemployment rate jumped to 8.6%. Full Article at Financial Post

  4. Nonfarm private employment decreased 203,000 from September to October 2009 on a seasonally adjusted basis, according to the ADP National Employment Report®. Full Article at Calculated Risk

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  1. Christina Romer, the chair of the Council of Economic Advisers, testifies before a Joint Economic Committee hearing on the economy on Capitol Hill in Washington October 22, 2009.
  2. US Vice President Joe Biden speaks ahead of a meeting on the economy as Chair of the Council of Economic Advisors Christina Romer (L) looks on October 2, 2009 in the Roosevelt Room of the White House in Washington, DC.
  3. US Treasury Secretary Timothy Geithner (R) speaks with Chair of the Council on Economic Advisers Christina Romer (2nd R) as former Federal Reserve Chairman Paul Volcker (2nd L) and New York City Mayor Michael Bloomberg (L) speak before US President Barack Obama delivered a major speech on financi...
  4. WASHINGTON - AUGUST 06:  Chair of the White House Council of Economic Advisers Christina Romer addresses a breakfast meeting of the Economic Club of Washington, D.C. August 6, 2009 at the Newseum in Washington, DC.
  5. WASHINGTON - JUNE 2:  Office of Management and Budget Director Peter R. Orszag speak during a briefing in the Eisenhower Executive Office Building June 2, 2009 in Washington, DC.
  6. WASHINGTON - MARCH 30:  U.S. President Barack Obama (C) makes an announcement as (L-R) former National Economic Adviser Gene Sperling, Executive Director of the task force and Chief Economist and Economic Policy Adviser to the Vice President Jared Bernstein, National Economic Council Director Law...
  7. Spain's Prime Minister Jose Luis Rodriguez Zapatero holds up a document while speaking about the unemployment rate as he addressed a parliamentary session to present the government's "economic sustainability" bill in Madrid, December 2, 2009.
  8. NEW YORK - NOVEMBER 23:  Job seekers attend the 'Operation: Hire Veterans Career Fair' sponsored by the Department of Labor at the Intrepid Sea, Air & Space Museum November 23, 2009 in New York City. The job fair was expected to attract at least 2,500 applicants as the economy continues to sputter.
  9. SAN FRANCISCO - NOVEMBER 23:  A worker walks by near empty shelves in the warehouse at the San Francisco Food Bank November 23, 2009 in San Francisco, California.

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