11/05/2011

Obama actually claims that the job numbers are "positive"?

So Obama thinks that 80,000 jobs in a month is "positive" news? Is this serious? This is half the growth in jobs that would be necessary just to KEEP EVEN with the growth in the population. From the Politico:

In economic news on Friday that President Barack Obama called “positive” but said shows the economy is still growing much too slowly, the unemployment rate ticked down to 9 percent in October, while the country added a less-than-expected 80,000 jobs last month.

The job growth was the most anemic its been in past four months and the U.S. created only about half of the number of jobs that were added in September. Private sector employment increased by 104,000 in October, while government jobs continued a downward trend, reporting a loss of 24,000 positions, according to the Labor Department.

Speaking from the G20 summit in Cannes, France, Obama said the October jobs numbers “were positive, but indicate once against that the economy’s growing way too slowly.” . . .

Economists had forecast that 100,000 to 125,000 jobs would be created last month and that the jobless rate would remain at 9.1 percent - where it had been stuck for the past three months. But the less-than expected addition of 80,000 still resulted in a dip in the unemployment rate as nonfarm payroll for August was revised upward from 57,000 additional jobs to 104,000, while jobs added for September was tweaked from 103,000 to 158,000. . . .

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