You know, since Obama is the 44th president, and since everything else, including the words Chicago and golf, are considered racist to mention
(WRAL) With a month to go until the presidential election, the government on Friday issues its September jobs report, expected to show an uptick in the U.S. unemployment rate after employers added only a modest number of jobs.
Economists forecast that the unemployment rate edged up last month to 8.2 percent from 8.1 percent, according to a survey by FactSet. Employers are expected to have added 111,000 jobs.
That would be an improvement from the 96,000 jobs gained in August. But that is still barely enough to keep up with growth in the working-age population.
The Labor Department issues the jobs report at 8:30 a.m. EDT.
What you have here is stagnation. There’s absolutely no other way to put it. Mr. Obama’s “Stimulus” was an utter failure, as were his smaller stimulus bills originating from a Democrat controlled Congress. His jobs policies were utter disasters, his monetary policies have scared investors, his constant yammering about raising taxes on jobs creators have scared jobs creators, his housing policies haven’t fixed the issues in the market place, his “green” energy policies have managed to raise costs for consumers, which would include companies who could otherwise use the money for employees, there’s major concern over the debt and deficit…..essentially a complete failure. And Obama has offered nothing new, just more of the same.
Is it racist to mention that the unemployment rate has been 8%+ for 44 straight months? tinyurl.com/9uwd575
— WilliamTeach (@WilliamTeach) October 5, 2012
It is rather serendipitous that we get 44 straight months of plus 8% unemployment just 32 days before the election.
An increase in the unemployment rate could add momentum to Mitt Romney’s campaign to unseat President Barack Obama. Jobs and the economy were central issues in the first presidential debate Wednesday and most polls showed that voters considered Romney to have prevailed.
- More than 5 million people have been out of work for six months or more, up from 2.7 million when Obama took office. Before 2009, in records dating to 1948, the number of long-term unemployed had never reached 3 million. Federal Reserve Chairman Ben Bernanke has called long-term unemployment a “national crisis” that is causing millions to lose job skills.
- Pay for private-sector employees, when adjusted for inflation, has dropped 1.6 percent since Obama took office. In a weak job market, employers have little reason to offer significant raises.
- The percentage of Americans either working or looking for work fell to a 31-year low of 63.5 percent in August. That’s partly because the vast generation of baby boomers has begun to retire. But another key factor is that hundreds of thousands of Americans have given up looking for work.
- More than 23 million Americans are either unemployed, stuck in part-time jobs because they can’t find full-time work or want a job but have stopped looking. Romney used that figure to attack Obama’s economic policies in Wednesday night’s debate.
A fool at the UK Telegraph declared the Obama won the debate, and states that Romney “lacks compassion”. In other words, he’s not a rock star, a celebrity, a guy yammering on about “feeling your pain”. We’re tired of touchy feely politicians using their hearts instead of their brains. Where has all this compassion gotten us? Well, look at Greece, Italy, Spain, Ireland, Britain, and so many other countries, including the US, which have promised more than they can ever possibly deliver. We need someone who can Get Things Done, not give us their feelings and empty promises.
Well, well, quick update:
The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care and in transportation and warehousing but changed little in most other major industries.
The unemployment rate declined by 0.3 percentage point to 7.8 percent in September. For the first 8 months of the year, the rate held within a narrow range of 8.1 and 8.3 percent. The number of unemployed persons, at 12.1 million, decreased by 456,000 in September.
Can’t wait for the full numbers to come out so we can see how it is possible for the rate to drop despite the jobs additions being only 3,000 more than predicted.
Romney: “This is not what a real recovery looks like. We created fewer jobs in September than in August, and fewer jobs in August than in July, and we’ve lost over 600,000 manufacturing jobs since President Obama took office. If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11%. The results of President Obama’s failed policies are staggering – 23 million Americans struggling for work, nearly one in six living in poverty and 47 million people dependent on food stamps to feed themselves and their families. The choice in this election is clear. Under President Obama, we’ll get another four years like the last four years. If I’m elected, we will have a real recovery with pro-growth policies that will create 12 million new jobs and rising incomes for everyone.”
Ed Morrissey notes that 342,000 more left the workforce. For the math challenged, that means that for every new job, 3 people left the jobs market in despair.