Mitt Romney On August Jobs Report
“If last night was the party, this morning is the hangover. For every net new job created, nearly four Americans gave up looking for work entirely. This is more of the same for middle class families who are suffering through the worst economic recovery since the Great Depression. After 43 straight months of unemployment above 8%, it is clear that President Obama just hasn’t lived up to his promises and his policies haven’t worked. We aren’t better off than they were four years ago. My plan for a stronger middle class will create 12 million new jobs by the end of my first term. America deserves new leadership that will get our economy moving again.” – Mitt Romney
The Department of Labor’s August jobs report shows that 96,000 jobs were added to the economy while 368,000 Americans gave up looking for work — the only reason why the unemployment rate dipped from 8.3% to 8.1%. In other words, they gave up “Hope” of finding a job. In addition, previous months’ job creation totals were also revised down. If they had stayed in the workforce, the unemployment rate would have increased to 8.4%
We are now at the lowest percentage of participation in the workforce by job-aged people in this country since 1981. If the workforce participation rate were the same today as it was the day President Obama took office, unemployment would be at 11.4%. That’s based upon the same metrics as the 8.1% figure, not the REAL (U-6) unemployment rate which measures people out of work, those who have given up and those who are underemployed. That number continues to hover in the 15% range. (Again, if the participation rate were the same as Jan. 2009, the U-6 number would be close to 20%.) That is unacceptable.
President Obama said in his speech last night that this election is a choice between two paths. We’re currently on his path and 62.8% of the country thinks that America is on the wrong track
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6 Responses to “Mitt Romney On August Jobs Report”
Oy.
When I saw August numbers, I was leary of the true figure. The automotive industry calls workers back that month ….EVERY YEAR. That’s not a drop in unemployment, that’s a call back to work, and does not count in the big number.
I’m well aware of the numbers game that’s being played on the American people, and what Obama’s administration attempted to do today is PROOF that they’ve been fudging numbers and celebrating THOUSANDS who finally give up and leave the unemployment rolls.
I heard something to the effect that 10% of those 96K jobs was because a strike was settled and the workers went back to work.
Who the f*** are the Democrats kidding?? This is stagnation at best. The nation, as a whole, is NOT better off than 4 years ago! If anything, we’re about the same, or worse.
Not even CNN, hardly a bastion of conservatism, buys the 4.5 million jobs number. The economy has ONE MILLION fewer jobs now than when Obama took office. These meager monthly gains do not even keep pace with population growth.
President Reagan inherited a dismal economy too. However, instead of blaming Carter, he fixed the problem. He did it with economic policies that work, rather than indulging himself in his own ideological fantasies, as Obama does.
Before any of our liberal friends start posting here about how Reaganomics didn’t work, I suggest they compare the actual Labor Department data on employment and Treasury data on tax receipts between Reagan’s first term and Obama’s first term. They cannot win that argument using unadjusted, unspun, unbiased data.
http://www.cnn.com/2012/09/05/politics/fact-check-obama-jobs/index.html?iref=obinsite
I agree, Howard. What the Whitehouse proved this morning is that they’ve been sweeping unemployment figures under the rug in order to boast about 8.3% unemployment, when the real numbers are approaching 12% or higher. One has to wonder how those 385,000 from this last news are feeling when they see the Whitehouse diss their suffering in light of the celebration of a 2% drop in unemployment figure trickery.
Reports I’m seeing now are that the 385,000 who have left the workforce are mostly young people. Everyone – clean out your kids’ old bedrooms because they are coming back. The whole, “hope and change” thing hasn’t worked out too well for them.
If anyone has any Obama door-knockers come to your home, especially if they are young people, I suggest asking them if they ever want to have a good job. They will likely reply that of course they do. Thereupon point out the inconsistency of the efforts they are undertaking on behalf of Obama, with their own goals of gainful, rewarding employment.
Be polite and respect that they are committed to what they beleive as we are when we campaign for Republicans. However, try to help them see the error of their ways. Providing a copy of today’s jobs report from the Labor Department may help:
http://www.bls.gov/news.release/empsit.nr0.htm
When examining actual facts with an open mind, people tend to vote Republican.
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