CNN 2009-10-04

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Hello,we’ll turn to the issue Number 1 now, the job scene. September was worse than the experts actually thought it would be. The Labor¹ Department reporting 263,000 jobs were lost in September. That turns out to be 90,000 more, you know, so-called expert sorts of coming this out there were predicted. Yeah, it is only the second time this year the job losses were up from the previous month. The nation's unemployment rate hit 9.8% last month. That is the highest that has been in 26 years. Well, President Obama calls those numbers sobering, just more bad news to end this week on top of Chicago’s failed Olympic bid. President Obama is basically, Betty, echoing what a lot of analysts² have said, and that is even as recession comes to an end, even as things start to turn around in an economy, unemployment always lags behind. That is basically what he said yesterday in the Rose Garden after coming back from Copenhagen, and it is also what he said this morning in his weekly radio and web address. Take a listen.

"We certainly made progress on this front since the period of last winter when we were losing an average of 700,000 jobs each month. But yesterday's report on September job losses was a sobering reminder³ that progress comes in fits and starts. And that we will need to grind out this recovery step by step."

"I do want to congratulate Rio de Janeiro in the nation of Brazil for winning the 2016 Olympics. I think this is a truly historic event, as this will be the first Olympic Games ever to be held in South America. And as neighbors in the Americas, as friends to the Brazilian people, we welcome this extraordinary sign of progress and the fact that 2016 Games will be in the Americas. "

On NATO says five US service members have been killed in Afghanistan, three killed in eastern Afghanistan, two in an attack in another roadside bombing; two others were killed in a roadside bombing in Southern Afghanistan. A fighting has been reported elsewhere in the country today as well.