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to discuss how we can put americans to work doing what they do best, building america. as i've said many times before, it took us a long time to get out of where we are right now, and the damage left by this recession is so deep that it's going to take a long time to get out. it will take determination, per sis tense, and, most importantly, the will to act. all elements that the american people have in abundance and if we summon that spirit now, if we keep moving forward, i'm absolutely convinced we will rebuild our economy. we will put our people back to work and we'll come through these tough days to brighter and better days ahead. i want to thank brendan not only for his hospitality here today but somebody who has got the courage and the foresight and the skills to create a terrific business that's supporting so many families. thank you very much.
heavy losses from the government, 159,000 jobs hall of that because of the census, and the other because of local government layoffs. 2010 was a tough, tough year for local governments. that's big. wall street is taking to heart the private sector job gains. 54,000 jobs aid s added. we have seen nine straight months of gains in the private sector, and the private sector is where we want to see these gains. it's a sign of confidence in investment in our economy, so that is seen as good news. >> carter evans breaking it down for us. appreciate it. with the unemployment rate now close to double digits, the economy shedding more jobs, it's hard too find any bright spots in a lot of these numbers. some businesses, however, they're hanging out help wanted signs.
down until the rain gets enough to thin it out it's also alkaline, the opposite of acidic. this will also peel your skin. if you ingest it, it will kill you. it will also get in your lungs and kill you. though this was a 64-acre site, a tenth of a square mile, there was so much sludge that came out, it's still getting right down into the river, and they have a mess. >> we appreciate that breakdown. it goes well beyond say there's sludge. chad, we appreciate it. >> if that stuff stayed in the pond, there was no threat, but now it's out of pond. thank you so much. we're going to take a look at some of the other stories that are making headlines. u.s. economy lost 95,000 jobs last month. private sector added 64,000
economy. that could be one thing that's affecting these numbers. another thing that is certainly affecting the number today is it a dow component alcoa. they reported earnings after the closing bell that were better than expected. that stock is up 6.25%. that is giving the dow a big boost, and another thing is that the value of the dollar is falling. that means that stocks are worth a little bit more. that's another factor in there for you. also, other big news just breaking now, on the foreclosure crisis that's ongoing that we've been talking about, bank of america, t.j., now halting foreclosures in all 50 states because of the potential paper work errors. >> why did they go ahead and decide to expand. bank of america and jp morgan had halted in several states up to 20-plus, but now bank of america is saying, they're
entire economy, and over the past two careers, my administration has been doing everything we can to help encourage more success stories like this. because it is small businesses that will power our growth and put our people back to work. this morning, we learned that in the month of september our economy gained 64,000 jobs in the private sector. july and august, private sector job numbers were revised upwards. so we've now seen nine straight months of private sector job growth. in all more than 850 now, private sector jobs gained this year, which is in sharp contrast to the almost 800,000 jobs that we were losing when i first took office. but that news is tempered by a net job loss in september which was fueled in large measure by the end of temporary census jobs and by layoffs in state and local governments. i should point out that these
september, but as the president pointed out, we gained 64,000 jobs in the private sector. will the private sector start creating some jobs? and for nine months in a row it has. there's a number i've been zeroing in on. 15 million out of work, there's 9.5 million who are working part time but want to be working full time. so 15 million out of work. another 9.5 million are underemployed, not working up to their potential. that means they're having trouble paying their bills, treading water trying to get a better footing so that they can try to grow in this economy. that's a number thajz an all-time high. that's something that politically is an interesting group to watch, this underemployed. that's something that means that
have to give to the wealthiest 2% of americans who don't need them, we should permanently extend the tax cuts for middle-class families. they're the folks that saw their wages and incomes platline over the past decade and they're the ones who deserve a break and i believe instead of sitting still we should invest in rebuilding america's roads and railways and runways. too many american workers have been out of wrk for months and even years, and that doesn't do anybody any good when there's so much of america to rebuild. our infrastructure is falling far behind what the refuse of the world is doing, and upgrading it is vital to our economy and future competitiveness. this is a project worth? of america's efforts. it's something that engineers, economists, governors and mayors of every political stripes support and many issued a sobering report about this challenge last week, and on monday i will be meeting with some of them at the white house
cnnpolitics.com. here we've been profiling a race every day. cnn 100 we call it, taking a look at the different races that are really going to matter. today we're looking at south dakota. this is stephanie sandlin goods up against a state legislator christy gnome. even though she's bucked democratic leaders on some major issues, she's facing an uphill fight. >> and only 25 days to go, brianna keilar, we appreciate you as always. your next political update in about an hour. for the latest political news, you know the spot, cnnpolitics.com. overall the economy lost 95,000 jobs last month, but small business owners are
unfortunately it was held up all summer by a partisan minority until a few courageous republicans put politics aside. just imagine the difference it could have made for small businesses in our economy had it happened months before. putting american people back to work, expanding opportunity, rebuilding the economic security of the middle class is the moral and national challenge of our time. it is too important to fall prey to pure partisanship or blind ideology. this bill's rapid results prove when we work together we get a lot done. that's what the great debate we're having today is all about. i believe instead of extending tax loopholes that encourage investments in overseas jobs, we should permanently extend the tax credit that goes to companies for all of the research and innovation they do right here in america. i believe instead of borrowing another $700 billion we don't
>> financial support. we can't depend on the government to fix all of our problems. >> reporter: from your perspective as a small business owner, is the economy better than a year ago? >> i can't say to be honest with you. i don't feel that. i know there are some numbers, but we don't see it. >> reporter: why are you hiring? >> we don't have enough. >> reporter: what would you tell the administration? i need helps through banks. i don't need the money from the government, but i need a way to get loans. >> reporter: so you're actually hiring right now, even given the state of the economy. >> yes, we are. we are always looking for someone with good customer service skills. >> as the economy turned the corner that it makes you more comfortable to hire as a small business? >> i think so, yes. it seems like business has picked up. it has picked up in the past year. we're having a good year. >> reporter: what kind of people are applying for jobs here, ross