5 in July the private sector has created 67

The spectrum of the "double dip" is perhaps, but not enough to ensure the recovery. Despite the publication, this weekend, a number of less bad than expected August unemployment (9.6 per cent against 9.5 in July), Barack Obama promised to present this week a new package of fiscal measures to stimulate employment and growth. Will he speak these measures in a move to Cleveland, Ohio, Wednesday, for a presentation on September 10. A two months before mid-term legislative elections, it is an implicit admission that the impact of the stimulus package to 787 billion, adopted in February 2009, is likely to be insufficient, at least to curb the slowdown in job creation in the industry in recent months. "The economy is evolving in the right direction, we just give him a blow of accelerator," assured Friday the US President, without hiding that there is "no miracle solution" to find a way out of the recession. While denouncing the blocking of the device for SMEs by the Republicans in Congress, he spoke of new measures to stimulate employment, "including an extension of the middle-class tax cuts". According to the "Washington Post", the White House, which inertia has been criticized in the summer shortness of recovery, plans a series of temporary business tax exemptions and a perpetuation of the research and development tax credit already extended for a year end 2009.

The relative optimism of Barack Obama is based on the new unemployment figures published Friday which helped reassure markets slightly. Despite an unemployment rate of 9.6 in August (compared to 9.5 in July), the private sector has created 67.000 net jobs in August, even if they are impeded by the 121.000 jobs in the public sector due to the completion of the Census plan. With the revision to the increase in the figures for June and July, the private sector will be created some 763.000 jobs since December against a loss of 750,000 jobs a month when Barack Obama came into service, said the White House.

Climate of uncertainty

But the figures of the Labour Department also reported a net slowdown in private sector job creation (72.000 averaged between May and August, against 200,000 in March-April), in addition to a decline in manufacturing jobs (-27,000) for the first time since December. "We are still reluctant to hire because we want to be absolutely certain that we are not witnessing a temporary rebound," said the CEO of 3 m, George Buckley, to Bloomberg. Some economists do not exclude that the unemployment rate is 10 bar early 2011, on a background of slower growth. For the Democratic majority in parliamentary elections two months this climate of uncertainty about recovery on consecutive bottom of unemployment to more than 9 for sixteen months, may be heavily penalizing. According to several polls, the Democratic Party is losing ground to young voters 18-29 years, hit hard by unemployment. Hence the urgency of these new tax measures, even if the President's entourage said that they will not on a scale comparable to the first stimulus plan.