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No, its turning around. The fact we are coming off our best job reports in back to back months in almost two years shows its turning around.
OMG. What channel are you watching? The one in your head? Jobs report came out today and it is even worse than expected. We knew those great numbers Obama was running on in his jobs speach were false. What a crock. If you say the sky is green long enough then I guess people will start to fall in line.
And the holidays had nothing to do with that. You did see where all those jobs were created, right? Temp. and part time jobs. Those infrastructure jobs haven't come to fruition.
The numbers are seasonally adjusted, so the temp jobs stuff is part of the equation and taken into consideration. Not to mention going by your logic Bush left Obama with a much bigger mess than we all thought considering the job losses of late last year.
OMG. What channel are you watching? The one in your head? Jobs report came out today and it is even worse than expected. We knew those great numbers Obama was running on in his jobs speach were false. What a crock. If you say the sky is green long enough then I guess people will start to fall in line.
11,000 jobs were lost in November, that was the best report we have had in 23 months. More than 2 million jobs were lost in the 3 months prior to Obama taking office.
There won't be any charges. But when the realities of Obama's commitment (very long term), casualties, and the price tag of Afghanistan sinks in with the American people, he will be a one term President.
The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. In the prior 3 months, payroll job losses had averaged 135,000 a month. In November, employment fell in construction, manufacturing, and information, while temporary help services and health care added jobs.
Among the unemployed, the number of job losers and persons who completed temporary jobs fell by 463,000 in November. The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million. The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent. (See tables A-8 and A-9.)
About 2.3 million persons were marginally attached to the labor force in November, an increase of 376,000 from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
Among the marginally attached, there were 861,000 discouraged workers in November, up from 608,000 a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.5 million persons marginally attached to the labor force had not searched for
work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.
Establishment Survey Data
Total nonfarm payroll employment was essentially unchanged in November (-11,000). Job losses in the construction, manufacturing, and information industries were offset by job gains in temporary help services and health care. Since the recession began, payroll employment has decreased by 7.2 million.
Construction employment declined by 27,000 over the month. Job losses had averaged 117,000 per month during the 6 months ending in April and 63,000 per month from May through October. In November, construction job losses were concentrated among nonresidential specialty trade contractors (-29,000).
Latest Gallup poll (Jan 2-4) shows Barack Obama's job performance with 50% of Americans approving and 44% disapproving, one of the lowest ratings for a president at the start of his second year…Note that as his approval rating plummets, the disapproval rating climbs (see the graph, a great visual for this):
This is the first Gallup Daily survey conducted entirely within the new year.
Considering the speed at which Obama descended to this level in his first year, the 50% rating is an indication that the administration is close to losing majority support.
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Obama is close to losing majority support
