The government reported a one-tenth of a percentage point jump in the unemployment rate, from 9.7 percent in August to 9.8 percent last month. Biden noted the 263,000 jobs lost in September was significantly down from the average 700,000 jobs the economy was shedding monthly when President Barack Obama took office. But the vice president also said that "less bad is not our measure of success." He said the administration is working hard "on every front" to turn around the economy. Biden said it will happen, but not without setbacks.
Vice President Joe Biden says Friday's news that unemployment jumped to 9.8 percent in September doesn't shake his confidence that "we are going to recover" from the slump.
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