Unemployment Rate Stays At 10%

The nation's unemployment rate remained at 10% as the economy shed 85,000 jobs in December, according to statistics released today by the Department of Labor. While jobs in temporary services and health care increased, the construction, manufacturing and wholesale trade industries all experienced job loss.

The December unemployment figures were slightly worse than most analysts had predicted.

There was one bright spot found in the report as 4,000 jobs were actually created in November, the first increase in roughly two years. However, critics of the current administration's attempts to get the economy back on track feel that more needs to be done.

"Democrats continue to advance a liberal agenda that is doing more harm than good. The policies of higher taxes, runaway spending, record debt and government takeovers, are having a chilling effect on jobs creators across the country...The American people have waited for more than two years for Washington to enact policies that will help create jobs and they can’t afford to wait any longer," said House Republican Conference Chairman Mike Pence (R-Ind.) in a statement released on Friday.