Jobs report gives Obama boost

President Barack Obama celebrated much-needed good economic news Friday as the unemployment rate dropped to its lowest level since he took office. "We are moving forward again," he boasted. Republican rival Mitt Romney retorted that the president still hasn't done enough to help millions of people who are out of work.
Associated Press
Oct 5, 2012

The figures announced by the Labor Department — 114,000 new jobs last month to bring the unemployment rate to 7.8 percent — gave Obama fresh evidence on the heels of his disappointing debate performance to argue that his economic policies are working. Romney countered that the country can't afford four more years of the president's leadership and argued that the rate is low in part because some people have quit looking for work.

"These are tough times in this community," Romney told a rally outside a construction equipment store after meeting with coal miners who have been laid off. "We're going to bring back jobs and bring back America."

Obama responded that Romney wants to roll back policies that are repairing the economic damage.

"Today's news certainly is not an excuse to try to talk down the economy to score a few political points," Obama said. "It is a reminder that the country has come too far to turn back now."

The unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when Obama became president. There is one more monthly unemployment report before Election Day, so Friday's numbers could leave a lasting impact on Americans who are already casting ballots in states that allow early voting.

The candidates campaigned Friday on opposite ends of one of those early voting states, Virginia. Romney, in the state's far western coal country, said he wants to develop coal and other domestic resources to make the United States energy independent in eight years. Obama focused on recruiting women at an appearance in the Washington suburbs, where he argued that his health care policy has improved their health care choices.

Obama, seeking to rebound after Romney dominated their first debate Wednesday night, is accusing his rival of being dishonest about how his policies would affect the tax bills of middle-class families and the Medicare benefits of retirees. He told an audience at George Mason University that his rival "got an extreme makeover" in their face-off.

He also argued Romney can't bring change to the country when he's "willing to write off half the nation before you take office," a reference to Romney's disparaging remarks about the 47 percent of Americans who don't pay federal income taxes. Romney made the comments at a fundraiser in May that was secretly recorded, but the videotape did not emerge until last month. Romney went as far as he's ever gone to try to take back his words in an interview Thursday night with Fox News.

"Well, clearly in a campaign, with hundreds if not thousands of speeches and question-and-answer sessions, now and then you're going to say something that doesn't come out right," Romney said Thursday. "In this case, I said something that's just completely wrong."

At the White House, senior adviser David Plouffe retorted: "I would take with a huge grain of salt trying to clean something up five months after you said it for the first time."

The next presidential debate is not until Oct. 16, a town hall-style meeting at Hofstra University in New York, giving both sides ample opportunities to blanket battleground states and raise money for the final weeks of television advertising.

Romney released three new ads on Friday, offering a window into his strategy for the coming week. One, called "Facts Are Clear," focuses on the national debt and accuses Obama of wasting trillions of dollars instead of creating jobs. A second spot features Greg Anthony, a former professional basketball player from Nevada, talking about his roots in the state and his switch from backing Obama in 2008 to Romney this year.

The third spot is titled, simply, "Ohio Jobs." It features Romney looking straight at the camera to talk to voters from the Midwestern battleground state seen as critical to his White House hopes. Obama also was campaigning in Ohio on Friday.

Obama's team countered with an ad targeting Romney's tax plan, accusing him of planning to raise taxes on the middle class. The ad was airing in seven battleground states.

Romney planned a rally later in the day in St. Petersburg, Fla., kicking off a weekend of campaigning in that state, the largest of the prized battlegrounds. Obama was holding a Friday rally in Cleveland before heading to California on Sunday for a fundraising spree that will include a concert in Los Angeles featuring Jon Bon Jovi, Katy Perry and Stevie Wonder.

Traveling aboard Air Force One, Plouffe foreshadowed an intense focus on Ohio in the coming weeks, where polls have shifted in Obama's favor. No Republican has won the presidency without winning Ohio, and Obama's campaign sees blocking Romney there as one of its best paths to victory.

Plouffe said the true measure of the first debate was whether it moved voters in the battleground states. Speaking of Romney, Plouffe said: "Is he going to take the lead in Ohio? If he doesn't, he's not going to be president," he said.

 

Comments

the office cat

"a decline of 235,000 (discouraged workers) from a year earlier"

OOOOOPS. didn't mean to let THAT slip through did you?

Randy_Marsh

So not counting as long as it supports your god is a good thing? The fact is 14.7% according to the U6, Hard to argue numbers huh?

the office cat

14.6 among minority Americans. But spew away. You gotta love your U6.

Randy_Marsh

I do love the U6. Its the real number, Why would you instead go by a number that is manipulated by not counting fellow citizens? Oh Nvm, You have to protect your messiah.

the office cat

"U6 is not an unemployment measure. It includes part-time workers who want full-time work. So it doesn’t count the increase in part-time work. But every measure of actual unemployment — U1, U2, U3, U4, and U5 — went down. You can see them all here. Again, there’s no mystery. -Washington Post

Randy_Marsh

LOL! Thats funny. You accept the ones that do not count people yet throw away the true number. Maybe they could come out with a U9 that doesnt count anyone, Its at their discretion and it would make your god look good to boot. 14.7% unemployment, Thats the facts.
Even though they are no longer even looking for a job and do not have on that would mean they are.............Wait for it..............Unemployed.Or do they count as having a job sitting on a couch? Your logic is messed up.

the office cat

YOU accept the ones that do not count people - the U6 which only considers 37.5 hours/week as 'employed'. Such an elitist. Maybe you need to come out of your basement and spend some time in the real world. You don't like the U3 that has been in use for decades so you want to look at some other figure. You don't want to compare apples to apples.

Randy_Marsh

Office cat

What is U6 unemployment rate ?

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over

http://portalseven.com/employmen... Care to try again?

the office cat

Cite your proof that they are no longer looking for a job.

Randy_Marsh

Office cat
The gov cites the U3 because they can manipulate the numbers to show the gov is not failing (Not counting citizens). Every one worth their salt always looks at the U6. It gives the best picture for the overall economy and that number has not changed. How can ALL the numbers change except the one that includes EVERYONE?

sanduskysteve

Randy - how can you say YOUR favorite report includes everyone if it doesn't include part-time workers? The very large number of workers are part-time workers - so not counting them would skew the numbers extremely to help YOUR case. A part-time job is still a job and those people are still working AND paying taxes AND making purchases in the economy.

Probably the reason why you guys were talking doom and gloom about how bad the economy was last year when some stores have excellent sales over the holidays. It's those part-time workers spending their money. It's ok to count the money when they spend it - but not to count them as employed when they are working hard to make the money you don't have a problem taking in taxes from them. What a bunch of double-standards.

Randy_Marsh

Sanduskysteve
"
What is U6 unemployment rate ?

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over

http://portalseven.com/employmen...
It does count "Part time" jobs. I agree Not counting them is very unwise. If they are working only one hour a week are they employed enough to sustain themselves?

John Harville

Aain with a double post!

the office cat

It's so unfortunate when people have to cherrypick" facts to support their positions. Republicans have been jubilant when the SAME U3 figures showed UE above 9 even up to 10%. Not once did they challenge the veracity of the U3 or even mention the U6. Now they jump on the U6 because they minimize the importance of part-time work which the U6 ignores.
"U6 is not an unemployment measure. It includes part-time workers who want full-time work. So it doesn’t count the increase in part-time work. But every measure of actual unemployment — U1, U2, U3, U4, and U5 — went down. - Washington Post.

Contango

@ toc:

Fed Chairman Bernanke said at Jackson Hole that the Fed was responsible for 2 million of the jobs created.

Thank Mr. Bernanke for pumping money into the economy.

Mr. Obama's policies have done essentially squat!

http://www.federalreserve.gov/ne...

KnuckleDragger

It must be terrible to be a racist Democrat.

deertracker

It's terrible to be a racist anything. Remember, racism is a learned behavior.

Kimo

The same people that compiled the data during the bushwhacked days compile the data today using the same formula.

The data is about as reliable as the EPA gas mileage estimates.

It is what it is.

deertracker

You are so right! I wished others would just realize that!

sanduskysteve

You mean like the republicans that use it all the time to determine how well things are? You cna't discredit something when it does not favor you and then say it is completely accurate when it does favor you. Oh wait - republicans can do whatever they want - including lie.

shucks

Well said, Sandusky Steve.

Randy_Marsh

So why not use the U6 which gives a better over all picture of the unemployment in the US? Is it because at 14.7% no one in their right mind would jump for joy and give a politician credit? Letting the government itself tell you that its better than it is and believing them isnt very smart.

the office cat

Use the U6. But none of you were shouting "U6! U6!" when the U3 figures were 10, 9, 8.1%.
Why not broadcast the OHIO rate which is 7.2%? You could give John Kasich all the credit - but that makes Mr. Romney unhappy.

Kimo

BTW

I voted today, what's holding you back???

Shut up and vote.............

KnuckleDragger

The only people who vote early are straight ticket voters who don't have the intelligence to fully vet a candidate. I mean, why waste your time listening to the debates, etc when you only vote along party lines? You voted a straight D ticket just as the card with your union approved candidates told you to do, didn't you? At least you admit to what many of us already know, you are a buffoon.

mikel

nice one knuckle. kimo may regret her choices. hope she is learning chinese just in case!

the office cat

Yep. Love those early voters... 15 undecideds stopped by to get a 'straight ticket guide' because Rmoney convinced them to vote - for Obama.
BTW... Rmoney already speaks fluent Chinese...along with the fluent French he learned in Paris while 59,000 Americans were dying for America in Vietnam.

Randy_Marsh

Obama speaks stutterese.

Contango

@ toc:

'Nam?

You mean the unpaid for war that LBJ escalated with a Big Lie (USS Maddox and the USS Turner Joy) that led to deaths of 58K Americans and hundreds of thousands of innocent civilians?

the office cat

YUP That's the one! August 7, 1964. The one that killed my brother, six cousins and several friends.
Why did we do it? Vietnam had WMDs. Oh Nope. That was Iraq 40 years later.
Vietnam was The Domino Theory that if Viet Nam fell then the Communist conquest would continue all the way to us as nations fell like dominoes.
We did Desert Shield because of the oil
We did Afghanistan because of 9/11.
We did Iraq to atone for 'Daddy' George I not going after Saddam.
We just knew we could do better than the French in Viet Nam (IndoChina).
We just knew we could do better than the Russians in Iraq...
.... and Afghanistan.
And there's that ongoing (62 years) Korea thing.
Politicians of BOTH parties spend zillions on wars and destroy generations (how many children and grandchildren do you think 58,000 American men could have produced?) fighting them.

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