The December 2012 Unemployment Numbers are out, and the Unemployment Rate moved up to 7.8%. The Obama water-carriers are saying it remained “unchanged” because they revised the November number up from 7.7% to 7.8%, after having trumpeted by drop in unemployment to 7.7%!
The October Jobs Report is out, and the U.S. Economy added 171,000 jobs, with the Unemployment Rate rising to 7.9% as more people began looking for work. Approximately 600,000 people who had dropped out of the workforce, with 400,000 of them reporting they found some kind of work. The 200,000 who did not find work is why the unemployment rate rose. Real Unemployment, when including those who have stopped looking for work, is still at 14.6%, down just slightly from 14.7%.
.@mittromney: “Jobless rate is higher than it was when Pres Obama took office, and there are still 23 million Americans struggling for work”— Ryan Williams (@RyanGOP) November 2, 2012
Context: Even if we averaged 210,000 jobs a month, we wouldnt close jobs gap until 2021— James Pethokoukis (@JimPethokoukis) November 2, 2012
The Obama transition team/econ officials said if we passed the stimulus, unemployment would be 5.2% today. It’s 7.9%. #CantAfford4More— Reince Priebus (@Reince) November 2, 2012
Here’s video of CNBC’s Rick Santelli this morning, reacting to news the Unemployment Rate has dropped to 7.8% from 8.1% despite continued weak job growth. Santelli said, “I told you they’d get it under 8% — they did!”
Ed Morrissey at Hot Air has a great rundown on all the numbers:
From yesterday’s August Jobs Report, word came that the “Labor Participation Rate” is now the lowest in an entire generation. It is now down to 63.5% (percentage of Americans of working age who are employed), with the total percentage of Americans 25 and up who are employed falling to 58.3%.
Here is video of Gov. Mitt Romney this morning reacting to the dismal August 2012 Jobs Report, showing anemic job creation numbers, and even worse, showing that 368,000 Americans just dropped out of the workforce last month – people who gave up looking for work.
Romney said the report is a continuation of the “bad news,” and it shows “we are going in the wrong direction.”
Here is complete video of Gov. Mitt Romney reacting to the disastrous June Jobs Report, showing a meager 80,000 jobs created, well below the already depressed expectation of 100,000 jobs. It marks the 41st consecutive month unemployment has been at 8.0% or above, now at 8.2%. This despite the massive spending of Barack Obama, which he said would keep unemployment from ever reaching 8%!
Romney called the report another “kick in the gut” to American families, and that it shows Obama’s policies simply are not working. “It doesn’t have to be this way,” Romney said, if we take the steps needed to encourage enterprise by getting rid of strangling regulations, reducing taxes on small business job creators, and getting rid of the ObamaCare cloud hanging over the U.S. Economy.
Romney urged opening up America’s energy resources – oil, gas, coal – by opening up Federal lands for exploration, which would enable the private sector to create thousands of good jobs.
Romney bluntly said Obama has “put his liberal agenda – ObamaCare – ahead of creating jobs,” citing the fact that 3/4 of small businesses said the cloud of ObamaCare makes them “less likely” to add jobs and expand their businesses.
NOTE: Just listen to the desperation in the questions asked of Romney by the media – desperate to prop Obama up. Yet they will not ask a single tough question of Barack Obama despite his dismal performance on the U.S. Economy as President.
The August Jobs Report is out – and it is a total disaster. It shows NET JOB GROWTH OF ZERO at all in the month of August – the first time that has happened since 1945. The U.S. Unemployment Rate supposedly held steady at 9.1%:
FOX NEWS: Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy is at risk of slipping into another recession.
The Labor Department says total payrolls were unchanged in August, the weakest report in almost a year. It’s the first time since February 1945 that the government has reported a net job change of zero. The unemployment rate stayed at 9.1 percent. . . . Read More
The July Jobs Report is out – and the U.S. Unemployment Rate ticked down one notch to 9.1% on the creation 117,000 new jobs. That exceeded expectations. Yet it’s difficult to know how many people simply stopped looking for work, meaning they are no longer counted in the unemployment number:
ABC NEWS: The economy created 117,000 jobs in July as unemployment fell to 9.1 percent, a bit of good news in what has been a dismal series of economic reports this summer. . . .
Economists were expecting 75,000 jobs to be added in July and unemployment to stay steady at 9.2 percent. Investors are clamouring for the Federal Reserve to undertake another round of economic stimulation, which has boosted stock prices in so-called qauntitative easing programs since the financial meltdown in 2008.
In June, the unemployment rate rose to 9.2 percent after employers added just 18,000 jobs.
Still, even with better July numbers, the economy is not creating enough jobs to bring unemployment down significantly. . . . Read More
The latest Jobs Report is due out at 8:30 AM ET today. Dow Futures are trading lower in anticipation of the report. Yesterday, the Dow fell more than 500 points.
FOX BUSINESS: U.S. stock futures dipped lower Friday morning as Wall Street struggled to bounce back from its worst day in more than two years and traders brace for another potentially ugly jobs report. . . . . Read More