Only a couple of days later on Labor Day 2011 and Today could possibly be a single from the coldest Labor Days on record, according to the National Weather Service. For 14 million unemployed Americans and their families, this Labor Day will not be a pleased one. Rather than enjoying a day off of work, they’re suffering a disturbing trend beneath the Obama economic climate: Jobs aren’t getting developed, the unemployment rate has not improved, and the economic system is at a close to standstill. Even worse, the labor market’s stall could be turning into a decline.
President Obama may be under more pressure than ever to create an effective new jobs proposal soon after Friday’s bad unemployment report. CBS News senior White House correspondent Bill Plante reports the president will likely be in Detroit this Labor Day. Unemployment there exists about 14% – that’s five points above the national average. Michigan is a state he won by a huge margin in 2008. Today items usually are not seeking as good, specifically on the jobs front.