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%!
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:
Unbelievable jobs numbers..these Chicago guys will do anything..can’t debate so change numbers— Jack Welch (@jack_welch) October 5, 2012
The September Jobs Report is out, and while non-farm payrolls only added 114,000 jobs, the unemployment rate has dropped from 8.1% to 7.8%. That’s on the heels of last month’s drop from 8.3% to 8.1% despite a weak jobs report. As you can see from the tweet sent out by former GE Chairman Jack Welch, he thinks the rate has gone down because of manipulation to help President Obama:
WALL STREET JOURNAL: The U.S. unemployment rate fell to its lowest level in more than 3½ years in September as the economy continued to add jobs, a potential boost for President Barack Obama’s campaign to win a second term.
The politically important unemployment rate fell to 7.8% last month from 8.1% in August. That was the lowest level since January 2009.
U.S. payrolls, obtained in a separate survey of employers, increased by a seasonally adjusted 114,000 jobs last month, the Labor Department said Friday.
Economists surveyed by Dow Jones Newswires expected a gain of 118,000 in payrolls and an 8.1% jobless rate. . . . Read More
If labor force participation had just stayed steady all year, jobless rate would 8.4% vs. 8.3% in January. Progress?— James Pethokoukis (@JimPethokoukis) October 5, 2012
the 114,000 ? It isn’t bad, it isnt that good–which is good for stocks…— Jim Cramer (@jimcramer) October 5, 2012
Bloomberg explains most of the confusion hotair.com/archives/2012/… [update] Part-time jobs found by people moving back into workforce?— EdMorrissey (@EdMorrissey) October 5, 2012
Does Obama trumpet unemployment drop—obvious initial impulse— or does he welcome it more modestly for fear he will look out of touch?— John Podhoretz (@jpodhoretz) October 5, 2012
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%.
And the Obama Economy rolls on . . . .
“back in 2009, Team Obama predicted that if Congress passed its $800b stimulus plan, UR would be around 5.6% today.” ow.ly/c3FqW— NRCC (@NRCC) July 6, 2012
You got to give this guy credit..I think he has convinced himself that the jobs number is not a disaster! Of cou… bit.ly/PpDm1y— Greta Van Susteren (@gretawire) July 6, 2012
President Obama’s troubling trend line on jobs. ow.ly/c3FhR— The Fix (@TheFix) July 6, 2012
Speaker Boehner says unemployment report shows “the private sector clearly isn’t ‘doing fine’ & that Pres Obama’s policies have failed.”— Mark Knoller (@markknoller) July 6, 2012
41 months of above 8% unemployment is more than just a statistic- it represents MILLIONS who have been devastated by Obamanomics.— RNC (@GOP) July 6, 2012
unemployment rate frozen at 8.2%. prospects dim of rate dipping below 8 by Election Day. abcnews.go.com/Business/june-…— Rick Klein (@rickklein) July 6, 2012
Not much to say on jobs report (+80K payrolls). It’s a bad one. Although fairly in line with market expectations (+95 K).— Nate Silver (@fivethirtyeight) July 6, 2012
RT @Reince: 41 straight months of unemployment above 8%- the Obama economy is defined by chronically high unemployment. Time for a new POTUS— RNC (@GOP) July 6, 2012
Watch for major deflection operation by Obama campaign today to keep convo off jobs report by amping up personal attacks on Romney.— Rich Galen (@richgalen) July 6, 2012
Hiring is weak for a third straight month in the U.S.; unemployment rate remains 8.2 percent: apne.ws/PjMraZ -BW— The Associated Press (@AP) July 6, 2012
RT @jimgeraghty: Harwood on CNBC: “A very disappointing jobs report for the Obama administration.” Plus, you know, American workers.— Rory Cooper (@rorycooper) July 6, 2012
And the 2ndQ goes out with a whimper… just 80K jobs added in June… coupled with weak May and April.— Chuck Todd (@chucktodd) July 6, 2012
The Obama Economy rolls on.
WASHINGTON POST: U.S. employers created 69,000 jobs in May, the fewest in a year, and the unemployment rate ticked up. The dismal jobs figures could fan fears that the economy is sputtering.
The Labor Department also says the economy created far fewer jobs in the previous two months than first thought. It revised those figures down to show 49,000 fewer jobs created. The unemployment rate rose to 8.2 percent from 8.1 percent in April, the first increase in 11 months. . . . Read More
MT @BetseyStevenson The downward revisions concern me most. only 20K new jobs in this report including the corrections from previous months.— Ramesh Ponnuru (@RameshPonnuru) June 1, 2012
Obama just got his worst news of the campaign so far. Weak jobs numbers. Lowered GDP too.— Larry Sabato (@LarrySabato) June 1, 2012
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 Left is already trying to squirm out of reality when it comes to President Obama and his adminstration promising that his “Stimulus” boondoggle would prevent unemployment from going above 8%. The need for the “Stimulus” to prevent unemployment from going higher was one of Obama’s biggest selling points to push it through.
But leftist “journalist” Richard Wolffe tries to make out like Obama’s Administration had nothing to do with that 8% number – which left former RNC Chair Michael Steele groaning and shaking his head. That’s what a lot of us do as we watch the liberal media on TV!
As to Wolffe’s claim – even NBC’s David Gregory doesn’t buy it. Below is video of Gregory telling Treasury Secretary Tim Geithner just a few weeks ago that their “Stimulus” was supposed to keep unemployment below 8%. Geithner never disputed what he said. Whether the Left likes it or not – Obama’s “Stimulus” failed and he said it was the solution.
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
Here is video of reporter Al Hunt saying he heard Obama Campaign Guru David Plouffe tell a breakfast group that the U.S. Unemployment Rate won’t hurt Obama in 2012 because “voters don’t focus on the unemployment rate or GDP.” He said that one day ahead of the dismal June 2011 Jobs Report which shows unemployment has risen to 9.2%.
The Obama “Recovery” continues:
BLOOMBERG: U.S. employers in May added the fewest number of workers in eight months and unemployment unexpectedly rose to 9.1 percent, underscoring Federal Reserve concerns the expansion is failing to boost the labor market.
Payrolls increased by a less-than-projected 54,000 last month, after a revised 232,000 gain in April that was smaller than initially estimated, Labor Department figures showed today in Washington. The median forecast in a Bloomberg News survey called for payrolls to rise 165,000. The jobless rate climbed to the highest level this year from 9 percent a month earlier. . . .
“These are pretty bleak numbers,” Coronado said. “Some of the engines of hiring just went away. Combined with the slowdown in consumer spending, it raises concern that the slowing in hiring could be with us for a while.” . . . Read More