C’mon! We’re doin’ just fine! Obama said the “economy is poised to take off” and now the unemployment rate has edged down to 7.7 percent and nonfarm payroll employment increased by 146,000 in November, according to this morning’s Bureau of Labor Statistics report.
http://twitter.com/Neil_Irwin/statuses/277043412551753728
Forward! And pay no attention to the shrinking workforce. It’s the liberal way!
RT @iswanTheHill: Better news than expected on jobs given Sandy. Rate falls to 7.7 percent. 146K created: http://t.co/14j6BPqg
— Brad Woodhouse (@woodhouseb) December 7, 2012
Why Obama won: RT @dmataconis: November Jobs Report: 146,000 net jobs created. Unemployment rate 7.7%
— Teresa (@TeresaKopec) December 7, 2012
I wonder how the Romney campaign is going to spin these jobs numbers.
— David Corn (@DavidCornDC) December 7, 2012
https://twitter.com/alexis_kiara/status/277050279373975553
https://twitter.com/posydozy/status/277049538571816960
https://twitter.com/price6891/status/277049049121689600
Joe Scarborough thinks the report is awesome sauce.
A better than expected jobs report. Very good news for the economy.
— Joe Scarborough (@JoeNBC) December 7, 2012
Because, really, what could be more awesome than job-seekers just giving up?
Conservatives' hyperfocus on negative aspects of jobs report (which are real) suggests they're still invested in miseducating their base.
— Brian Beutler (@brianbeutler) December 7, 2012
Miseducating? As always, Jim Pethokoukis provides some sobering perspective.
The labor force participation rate dropped to 63.6 from 63.8
— James Pethokoukis (@JimPethokoukis) December 7, 2012
"Not in labor force" surged by 542,000
— James Pethokoukis (@JimPethokoukis) December 7, 2012
8.0%: The unemployment rate if Nov. labor force participation had stayed steady since Oct.
— James Pethokoukis (@JimPethokoukis) December 7, 2012
10.7%: Unemployment rate if labor force participation was the same as in January 2009
— James Pethokoukis (@JimPethokoukis) December 7, 2012
More perspective:
540,000 drop out of the workforce. That's like the entire town of Albuquerque going unemployed.
— Justin Hart (@justin_hart) December 7, 2012
540,000 people quit looking for work. That's the entire state of Wyoming. Forward!
— Razor (@hale_razor) December 7, 2012
Record high for people who aren't in the labor force but want a job – 6.8 million #BLSFriday
— PoliMath (@politicalmath) December 7, 2012
Conservatives helpfully nutshell the liberal reaction:
@MelissaTweets Folks giving up on job searches and leaving the labor force are an expansion of the "leisure class," birthday girl! 😉
— Jim Geraghty (@jimgeraghty) December 7, 2012
http://twitter.com/LilMissRightie/statuses/277052981659189248
What will President Obama have to say about today’s labor numbers? And a better question from Jonah Goldberg: Will anyone ask?
Someone might ask abt jobs report RT @markknoller WH says no press coverage of Pres Obama signing the Child Protection Act today at 1220pm.
— Jonah Goldberg (@JonahDispatch) December 7, 2012
Update:
Jim Pethokoukis drills down deeper into the “new normal” at the AEI blog.
November Jobs Report: Another nasty, "new normal month" for U.S. workers http://t.co/NmCQkgQl
— James Pethokoukis (@JimPethokoukis) December 7, 2012
Join the conversation as a VIP Member