Skip to comments.Jobs report: Good news for Obama? Not exactly
Posted on 10/07/2011 9:46:11 AM PDT by Signalman
NEW YORK (CNNMoney) -- The economy added 103,000 new jobs in September. That's great news for the Obama campaign, right?
Here's the problem: 103,000 new jobs a month is still about 50,000 jobs off the pace economists say is needed just to keep pace with population growth.
The unemployment rate stands at 9.1%. It's been half a year since the economy added more than 150,000 jobs in any one month.
And the problems driving unemployment -- slow growth and a crippled housing market -- remain a policy puzzle.
It's a trend that should be setting off alarm bells at Obama's 2012 campaign headquarters. After one full term, it will be difficult to blame the previous Republican regime for the lackluster economy.
"Right now, we are the ones in charge," Vice President Joe Biden said in September. "And [the economy has] gotten better. But it hasn't gotten good enough."
(Excerpt) Read more at money.cnn.com ...
part of them were returning verizon workers from their strike.
U-6 Unemployment ROSE from 16.2, to 16.5%
and 45,000 of those “new workers” were those returning from the Verizon strike....
getting worse at a lower rate is NOT an achievement!
“Good news for Obama” consists of being able to take the donuts with him as he exits 30-minutes early from his Presidential Daily Briefing.
This is the number that needs to be trumpeted, and the Wizz held accountable...
has there been anything that obama HASN’t failed at, except get elected?
The press will soft peddle bad news from dem administrations. It’s what suck-ups do. Think what the headline would read like if this happened while a Republican was in office...
well, even that, he succeeded at least twice with, so, thank you. I stand corrected LOL