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WASHINGTON — American employers added employment 151,000 better than expected in October, the Ministry of labour reported Friday, but the number was less the 200,000 needed to begin to return Americans to 15 million unemployed people to work.

Private sector employment had increased from needed, who also beat Wall Street expectations while the nation's unemployment rate remained at 9.6% a month third straight line numbers.

The latest report of employment, which showed the stronger than expected in October, hiring a high unemployment rate, is good news for the u.s. economy, but challenges remain, says Mark Zandi, Chief Economist at Moody analysis.

"This is fantastic news, but put it in context, Zandi said CNBC Friday.""150 000 is the monthly employment we need just to stabilize unemployment growth."

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"This context we have much stronger growth than to maintain the growth of the economy," he added, stressing that the still-fragile nature of the US economy demonstrates why the Fed felt that he needed to announce Wednesday a plan to buy 600 billion in bonds of the Treasury Board.

These purchases are intended to reduce the interest rates on mortgages and other loans loans and help stimulate the economy.

As new members of the House of representatives and the Senate took office in January, the burden of trying to boost the economy will decrease current members initially. They will meet in a lame-duck session called November 15.

Many economists believe legislators will extend to tax cuts, 2001 and 2003, which is the item to expire at the end of this year. President Barack Obama had favoured leave 2 percent tax cuts lapse it more money for Republicans contribuables.Mais pushed to make them permanent for everyone.

Thursday, the White House spokesman Robert Gibbs said that Obama would be open to extend discounts for employees of higher income for one or two years.

The economy is likely to remain sluggish, whatever, and many economists see unemployment remaining above 9% by next year.

"Nobody expects a rapid economic growth in the near future," said Zach Pandl, an economist at Nomura Securities. "Economy still has many challenges in front of it. ?

This is why the Federal Reserve wants to encourage more borrowing and spending, to stimulate the economy and to encourage the hiring of more.

"The labour market remains very low," President of the Federal Reserve, Ben Bernanke wrote in a commentary published Thursday in the Washington Post."A large number of people can find work only part-time, and a substantial fraction of the unemployed were work six months or more."

But the efforts of the Federal Reserve likely do much to reduce unemployment anytime soon, economists said .c ' is partly because many Americans reduce their debts - and use new lowest interest rates towards this effort - and do not want to take more prêts.Ou they are not eligible.

"Consumers are still in stock, repair mode which is exactly where they should be,", said Tom Porcelli, an economist at RBC capital markets.

Other critics fear Fed bond purchases would lead too high inflation in the long term and free active speculative purchases as stocks.

Obama is grateful to the election rout this week that he was not able to successfully promote his economic message rescue Americans anxious.

Obama say in an interview "CBS 60 minutes" that he "stopped attention" style of leadership, as he demonstrated in his race for the Presidency.

Obama also stated recognizes that "leadership is not just the legislation" and that "it is a question of people giving them confidence persuader.Et and setting a ton.Et rassemble.Et make an argument that people can understand."

"And I think that - we have not always been successful at this", he said. "And I take responsibility for qui.Et is something I have to look closely as I move forward.

President has recorded the interview to be broadcast full with Steve Kroft CBS Sunday night to leave a 10-day trip to Asia.

The Associated Press and Reuters have contributed to this report.

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