Jobs Report
 

Unemployment at 7.9%. 171,000 jobs added.

Ouch...Short by 300,000...ive noticed the markets believe the hype.

"The labor force participation rate, a key metric that measures those working and looking for jobs, edged higher to 63.8 percent after wallowing around 31-year lows for the past several months."

http://finance.yahoo.com/news/pre-el...124021282.html

More folks back activity looking for employment, I expect that one of key reason the number edge up to 7.9% vs going down or staying at the same rate. Not great but not total disaster. More slow steady muddling progress.

This is another way that Romney continues to mislead the American people by trying to convince them that this is just a normal recession and we should be out of it by now. Of course, Romney may believe it, since he's getting this bull**** from Glenn Hubbard.
http://www.bloomberg.com/news/2012-1...different.html

very good economic study. Thanks for posting it.

At this rate of job creation, it'll take 7 more years to get to where Obama said it'd be TODAY with the stimulus.

earnings and hours worked declined..again. if the participation rate was the same as January 2009 when Obama began this failed presidency, UE rate would be over 10.5% after this jobs report.

mark it down. after the election, UE rate over 8%. average employment growth in 2011 was 156K. In 2012, it's 157k. So much for progress on the jobs front. positive spin on this report is insulting to the unemployed american worker.

worst. recovery. ever. but you already knew that, right folks?

During Reagan recovery, all lost jobs were recovered in 10 months. of course recoveries are different. in this recovery, all of 55% of all lost jobs have been recovered in 4 years. just a matter of which components of a recovery you look at.

The unemployment rate is rising...even with a Zero Interest Rate Policy for the last 4 years...and $1.3T annual deficit spending?

Looks like big government policies can't create jobs after all, but we knew that already.

FTW.

And 2+2=5.

And we're at war with Eurasia. We've always been at war with Eurasia.

Here's the facts. I'm sure you'll ignore them.
http://www.bloomberg.com/news/2012-1...different.html

L0L @ that avatar. :laugh:

Willard would have been perfect in Kurt Russell's role in "Used Cars."

I think it captures the essence of the man. ;D

Even better would be if a dog was strapped to the roof of that car in the background.

The fact that you would compare the two recessions proves what a ****ing moron you are, and confirms what Ro posted right before your pitifully ignorant BS.

He won't get the reference without Google. And when he does Google it, I'm sure he'll cut and paste some Breitbart linked 7th grade interpretation about Orwell the Socialist and apply it to Obama, Liberals, and the jobs report.

Somehow they don't see that. :hitself:

http://www.ijreview.com/2012/11/21138-breaking-final-jobs-report-before-election-released/
 

"-the number of unemployed persons remained essentially unchanged at 12.3 million...
-Unemployment rate for blacks increased to 14.3 percent.
-Long term unemployed (27 weeks or more) was little changed at 5.0 million (40.6 percent of the unemployed.
-Ed Morrissey of HotAir.com points out that when Obama first took office, the U-6 rate was at 14.2 percent, and six months ago it was at 14.5 percent, so what we’re seeing is very stagnant unemployment. The Obama Administration originally predicted that the unemployment rate would be at 5.2 percent at this point in the year, but at 7.9 percent, you can see they were slightly way off."

They don't have the special Fox glasses like you and the rest of the right-wing brain trust.

Like the paper I posted above points out, it will take ten years to come out of this kind of recession. It has little to do with who is president, unless you put one in who decides to go back to the nutjob policies that got us into this mess to begin with.

So tell me then, was Obama lying or did he just not know what he was talking about when he said the stimulus would keep unemployment low?

It has a lot to do with unemployment, and falling incomes. Incomes have fallen roughly $5000 since Obama has been in office.
http://s3.amazonaws.com/dk-productio...peg?1346606845

My guess would be that he never studied economics, knew very little about it (like the majority of politicians), and assumed this recession would be like all other recessions. No doubt he had guys like Larry Summers feeding him those figures.

Incomes of the middle class have been stagnant, or declining, for decades. I don't doubt that they are worse now, since we are suffering under the worst recession in 80 years. What I don't understand is how the Right thinks it is legitimate to blame this on the president of the opposing party while completely ignoring their own broad and grievous culpability in making this mess.

And the lack of activity is one of the key reasons for the recent drop in numbers. So imagine what the unemployment numbers are really like.

With the latest jobs report, it is now the case that under Obama, "Food Stamp Growth is 75 Times Greater Than Job Creation".

"For Every Person Added to Jobs Rolls Since January 2009, 75 People Added To Food Stamp Rolls."