February 3, 2012 at 10:22am
For the country, and for President Obama, this morning's report from the Bureau of Labor Statistics was really good news. The economy added substantially more jobs in January than had been expected, and the unemployment rate has dropped yet again.
Predictably, Republicans tried to turn the report into bad news, insisting that 243,000 new jobs isn't good enough.
It's not, of course, but the continued growth is an indication that the Obama administration's actions - weak as they were - have us on the right track. The Republicans have fought those actions, and carped about them. And their route to recovery - tax cuts for the wealthy, more government job cuts, and an attack on safety-net programs - would most assuredly make things worse.
Despite this morning's good news, there's no chance that the economy will rebound dramatically enough by the election to make anyone happy, Democrats, Republicans, or anyone else. But slow growth is far better than none at all. And it should give voters something to think about as the president and his Republican opponent talk about their vision for the future.
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Comments for "More good job news for Republicans to complain about" (2)
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sanjay said on Feb. 03, 2012 at 12:57pm
The dip in unemployment rate is temporarily and its cooked for election 2012 ,
after election it will be risen considerably in tow digits (and don t forget about the quality of jobs)
online.wsj.com/article/BT-CO-20111221-707599.html
http://www.youtube.com/watch?v=rhzMEtD349Y
This current Call Centre bill And American jobs Act will be also not passed , same as previous outsourcing bill which was dead .Its an Election gimmick , with nexus of corporate s (wall street ) and government to fool people , and they r damn sure that this will too not pass very damn sure , infact Morgan Stanley and jp morgan chase (these both got large amount Bailout from fed (tax money)) is going to cut more jobs in US around most of them and they will will transferred to India , they want to transfer about 92 % more jobs outside , A mortgage company OCWEN FINANCIAL which has 90 % of jobs outsourced overseas ( India and some to Uruguay ) r buying more mortgage companies like LITTON from Goldman sachs and HomeEq servicing from Braclays and together with Altisource etc and transfer there jobs to overseas too ( mostly all of them ) same with IBM and other companies . so most of american companies will be employing overseas people in future ( might be 95 % of workforce). jobs of authors , contents writers ,editors ,copy writers etc etc will also be going to be outsourced so u too get ready to find other job in Mac Donald or wall-mart And all ur jobs r here , Below in this links
http://www.informationweek.com/news/199601616?pgno=2&queryText
http://en.wikipedia.org/wiki/IBM_India
http://modernpatriot.blogspot.com/
http://www.theburningplatform.com/?p=28624
http://www.istockanalyst.com/article/viewarticlepaged/articleid/5640311/pageid/2
craig said on Feb. 20, 2012 at 11:23pm
In January 2009 According to the Bureau of Labor Statistics, the Workforce Participation rate when Obama took office was 65.7%. That means 34.3% of the workforce wasn’t even trying to participate, through discouragement, disability, etc. Add 7.8% unemployed, and 57.1% of the American workforce was actually working.
October 2009: The participation rate was 65% just in time for unemployment to hit an even 10%., 55% of the American work force was working.
January, 2012: With unemployment at 8.3%, the workforce participation rate was 63.7% â€" the lowest since records have been kept. That means that overall employment in the American workforce is now 55.2%, marginally higher than at the lowest point of the Obama recession, but nearly two full points lower than it was when Barack Obama took office, and five full points lower than June of 2003, the worst month of George W. Bush’s presidency.
So yes, those of us who can do math are complaining. Decline isn't "slow growth" by any reasonable reckoning. This dismal and outrageously expensive track record should indeed give voters something to think about.
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