Local Expert Surprised By Unemployment Rate

MINNEAPOLIS (WCCO/AP) — The nation’s unemployment rate climbed to 9.8 percent in November, a seven-month high. A local expert was surprised.

“The national news was worse then I expected,” said Dan McElroy, Commissioner of the Minnesota Department of Employment and Economic Development.

With hiring so weak, the unemployment rate rose from 9.6 percent to 9.8 percent. The jobless rate has now topped 9 percent for 19 straight months, the longest stretch on record.

“But I am hopeful things things are going over better then that in Minnesota,” said McElroy on the WCCO Morning News with Dave Lee.

NewsRadio 830 WCCO Interview With Dan McElroy

(TM and © Copyright 2010 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Comments

One Comment

  1. Mark from mntaxwaste.com says:

    Not much of an expert? What he didn’t see the 99 ending? which would scare businesses from hiring. Or maybe he missed the lame duck session that was coming which would scare businesses back in Nov from hiring. Maybe he missed the economic mess in Europe over the summer. Or maybe he wasn’t much of an expert at all.

  2. Denny Foss says:

    Well seeing that he is working for the Department of Employment and Economic Development means that he has experience in the field. although you are right mark, what person did not see this coming. Wishful thinking i would bet. With the millions of people losing their benefits this month, Christmas looks really bleak indeed. The economy is bound to hurt big time especially department stores,toy stores, any store really. In all logical since you have a person losing their benefits; they have around a $1000 saved up because lets face it bills took the rest. Witch do you think they well do, buy the $400 in Christmas present’s that they usually do every year or pay on the couple thousand in loans/credit cards that have been stacking up during their unemployment. After all we are talking about people who did not choose to be in this situation

    1. Mark from mntaxwaste.com says:

      Well said Denny

  3. Mark from mntaxwaste.com says:

    And this clown didn’t even have the guts to tell the true unemployment rate @ 14%
    mark@mntaxwaste.com

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