Labor Secretary: Uptick in Unemployment 'Only Shows You That There's Confidence'
(CNSnews.com) - Department of Labor Secretary Hilda Solis told the “Washington Watch with Roland Martin” program that, “even though the unemployment ticked up a bit, it only shows you that there’s confidence.”
During the Nov. 5th appearance on the TV One program Solis discussed the unemployment numbers going up from 7.8 in September to 7.9 in October.
“We are on a right path here. Even though the unemployment ticked up a bit, it only shows you that there’s confidence,” Solis said, “People are looking for jobs. So, it also ticks up when people are engaged and looking for work.”
The Labor Department said the nation's unemployment rate went up a tenth of a point in October to 7.9 percent, as U.S. employers added 171,000 jobs.
The Bureau of Labor Statistics also reported the so-called real unemployment rate fell slightly in October, going from 14.7 percent to 14.6 percent. Called the U-6 rate, the measure combines those traditionally counted as unemployed, those counted as underemployed and those marginally attached to the labor force.