Just last night, Ezra explained on the show that the new monthly job figures would be released this morning, and a lot of folks would be shocked by how bad the numbers would be. Why? Because of Hurricane Sandy. Most expected to see only 80,000 jobs created.
This morning, everyone's shocked for a very different reason. The Bureau of Labor Statistics reports that the U.S. economy added 146,000 jobs in November, nearly double the projections. What's more, the overall unemployment rate dropped to 7.7%, its lowest point in four years.
On a more discouraging note, job totals from September and October were revised down a bit.
To be sure, 146,000 jobs isn't evidence of a robust economic recovery, but given Sandy-generated expectations, the figures come as a pleasant surprise.
Above you'll find the chart I run on the first Friday of every month, showing monthly job losses since the start of the Great Recession. The image makes a distinction -- red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.
Update: Here's another chart, this one showing monthly job losses/gains in just the private sector since the start of the Great Recession.
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The Reich will not like this,, At All,,,, :>)
You oughta fax this to Fox. Someone got in trouble on their show for laughing during a story about 2 boys that were killed. The bubble headed bleach blonde can tell you about The Plane Crash, with a smile on her face and a twinkle in her eye. They are truly brain washed and have been put through the ringer and were made to be extremely insensitive to anything. Negative news will have that effect on people. I don't watch the news for that reason.
I'd say this was a bit of a Christmas gift! Of course, the righties will hate it.
And let the conspiracy theories begin!
Not bad when you consider all of the congressional roadblocks and land mines the Obama administration had to maneuver through to keep the the job numbers consistently on the positive side.
I'm so glad someone sees it beside me, if the Republicans had tried to help instead of obstruct, this economy would be alot stronger. The jobs bill the President put forth is in the House dusting away. Now the Republicans want to hold the rest of the 98% hostage just to protect the rich. Boehner, Canter, McConnell's job is to protect the rich, that 2%.
That goes to show you what happens when the people who hire you (the 98%) are not the people who are paying you (the 2%).
The prologue of "Do Not Ask What Good We Do" outlined the plan republicans came up with on the night of the President's inauguration. What was impressive was their ability to gain full party backing. What I see as treasonous was during the middle of national financial crisis they opted to put party first. Unfortunately many republicans in Congress now actually believe the rhetoric and continue to obstruct despite the success these lies intended to achieve.
Who among us is an enterprising soul? The posted charts would make wonderful bumper-stickers. What a good way to publicize the good news!
Let everyone see the good news as they begin to drive the highways and byways, going to work for the first time in many a year! -Kevo
I want the bumper sticker!
Better as t-shirts, maybe? I have a feeling that it might be a bit challenging (and dangerous) to make sense of them on bumper stickers...
The trouble with ignorance is that it picks up confidence as it goes along.
- Arnold H. Glasow
;-)
The Ship of State is a ponderous vessel, and it takes time for the rudder to respond to the hand on the wheel.
But respond it will respond, despite the activities of the rats in the bilge.
The GOP sure tried to sink this ship. I still believe they'll cause a mess with the debt ceiling. There is no limit to their hatred of the president.
Obama is an amazing man. I wish I had his temperament.
I don't.
Right on. Look at the picture of Boehmer sitting next to the President. If that is not hatred in Boehmer's face, then I'm blind....
silgin, Yes, I noticed those Scorpio eyes of Boehner's beaming hatred at the president, too. They just truly despise him, all of these T-Party types, and to save me, I do not see why. He seems to be such a good person, and with a cheerful personality and an even temperament! I find him so likeable.
One wants to take the easy way out and say it is racism, but their policies are so antithetical to the president's, it almost has to cause dissension. Thing is, their ideas are so skewed to the protection of their wealthy donors, and so bad for the average American. Still, nothing explains this hatred!
I sure hope not; but did you see this disgusting piece of work last week?
Norquist: Republicans Should Hold Federal Government Hostage Every Month
Time again to ask the question, why do they hate "Amercia"?
The trouble with ignorance is that it picks up confidence as it goes along.
- Arnold H. Glasow
;-)
#6.4, :) Yes, I did. BTW, I have always liked that quote. I am going to do one for Norquist by Alexander Pope. I hope I get it right:
Vice is a monster of so frightful mein,
As to be hated needs but to be seen.
That's how I feel when I see that little twit's face. You just know he's dirty. He is corrupt, and it shows. I just recoil when I see him.
You should change the domographics of the chart to respresent the Deomcrats vs. the Republicans controlling the House. note how much it changes, the upswing comes when the Democrats lose the House and the Republican control the House. 2007-2010 Democrasts, 2010-present Republicans. VERY inconvenient, is it not???
That sort of logic pasco is beyond sad and beyond dumb. It is in a special class of its own -- as I imagine you were for much of your schooling.
Notice you didnt say anything of substance...how funny... What exactly is it that Obama has voted on in the past four years....oh that's right...NOTHING
Didn't see much of substence from you either pal... Dream on.
Actually the IMPROVEMENT trend in the picture started in 2009. Dems in the house. Growth became positive in 2010 when the programs instituted by the Dems became active. The amazing part is that it has managed to keep growing in spite of Repugnicans controlling the House. This congress has the lowest productivity of any in the history of the country largely because of Repugnican obstruction.
And how much of what the Democrats tried to do in 2007-2008 was VETOED by Bush? Just about everything. Look what happens to the chart once the vetoes stop. Duuh.
Pascoguy
Firstly, you cannot correlate which party had the majority in the House, to the jobs number. Simply because there is no evidence to support it.
Secondly,The 113th Congressional House ran on Jobs,Jobs,Jobs and during the last two years. Have neither passed, voted on or actually presented a Jobs Bill to the floor. The President actually submitted a Jobs Bill to Congress, and The House buried it.
Thirdly, and probably the most important one in Civics. The President doesn't VOTE. That's The Congress, Vice President and Supreme Court's Job. He submits, Signs or Vetos, but never Votes on Bills.
Not true. For instance, they passed over 30 repeals of the PPACA, plus a similar number of acts doing away with environmental, health and safety regulations; several bills reducing or eliminating taxes on Job Creators, and so forth. All had "JOBS" in their titles.
DC Sessions, #7.7 And let's not forget their most recent momentous bill, to eliminate the word "lunatic". That should stimulate the economy and help lower our debt. LOL
Another report showing steady growth. I always love those who contend that the recovery is not happening 'fast enough'. Rebuilding things takes longer than destroying, take a look at the speed of the freefall from Jan 08 to Jan 09. It's impossible to expect to see a recovery with the same sort of rapidity that it went down. But we have recovered and are improving more and more each day. And I'll take a slower but more constant recovery over a faster and more temporary one.
Mal McLean, #8,
People who say the recovery isn't fast enough are missing two points which are vital:
1. The depth and scope of the economic disaster of 2008.
2. The length to which the Republican congress, led by McConnell, Cantor, and Boehner, thwarted and obstructed everything President Obama tried to do to help the economy for the last four years.
There is more to add, of course, like all the outsourcing, but those seem to be the two points the electorate misses when blaming Obama for a slow recovery.
No good news seem to impress the congress to get busy and stop their destructive tactics. Witness the impressive act of stupidity by McConnell (Senate) filibustering himself and his party. Are we heading into a constitutional crisis?The separation of powers is in a checkmate state, the Supreme Court is quietly watching the debacle unfolding on Capitol Hill, while the country is heading for disaster. How close are we to Egyptian - Murci conditions?
Stop? No. Good news does impress them, though: it shows that they don't have much time left to spike it before it becomes too hard to stop.
The erosion of the democratic processes started 10 years ago under Bush and has worsened during the past 2 years. It doesn't matter how good the news are. The Republicans will negate them, because they hate Obama and rather cut off their nose to spite their phoney face. I repeat: we are heading into a constitutional crisis with an uncertain outcome.
silgin, #9.2 I think we are, too. Boehner was just on the news saying, "No progress." He wants Pelosi and other Senators out of the negotiations.
They refuse to raise taxes on the wealthy ( A few lousy points!) and refuse to lower them on us, the middle class. It makes no sense from a moral or a practical point of view!
Republicans are undermining our government. I don't get what they think they will benefit from doing this. Most of their constituents are of the 98% of us!
How in the hell did Grover Norquist get this power over our elected officials? Who died and made him King?
Meh. The Job Creators were expecting a Romney victory last month and were all tooled up for the explosion in hiring that the Romney Awesome would produce.
And then Obama stole the election, but it was too late to stop some of the hiring.
Where did you get the 'srooms?
Don't need them. I live in central Arizona, where there's an infectious airborne fungus (Coccidioides immitis) that seems to have similar effects.
Nobody stole the election. The Republicans lost, because they cater only to 49% of mainstream America. If you live in the beautiful state of Arizona, as you say, you need only to look around to see what the Republicans have to offer. You have a Governor that is an imbecile and a Senior Senator in Washington that is slowly loosing his mind- tragic, but evident. Not meant to be a reflection on you!
Valley Fever? When I was at UofA in early 1980s, the student health center was running a study on possible VF treatments. Surprised that tests showed I'd already had it, asymptomatically. Has it grown worse since then?
Only in the sense that there are even more people here and more construction tearing up the land.
And, alas, silgin didn't get it.
Excuse my self-satisfied smirk, GOP.
#2 - Angel#77 -- Faux seems to have their own version of The Stepford Wives.
Blonde hairdos and "they all dress in ticky-tacky and the all look the same".
Americans have the patience of Job (jobs) when it comes to Republican ignorance Elijah Rising
As I see it, there are only TWO possibilities to explain this increasing employment rate...1)BLS (Bureau of Labor Statistics) continues to cook the books on behalf of President Obama or 2)President-Elect Romney's economic plan is SO good that before he even takes office employers are hiring like mad...Oh, wait, this note was just handed to me from Megyn Kelly via Karl Rove....OOPS! BWAH HAH HAH HAH
Just a thought, if the jobs numbers are better, and by all the black friday spending, why are we so afraid of the economy going back into recession if the republicans refuse to make a reasonable deal with Presidnt O? And if it does, why are the nay-sayers ready to believe that it PresO'S fault? why would it not still be the republican obsrtuction to a deal that caused a recession if it even happens? I think the President needs to take this issue all the way! How many months of + job growth since 2009?
Job creation can't even keep pace with population growth of 3%/year. Young people 18-29 face the worst unemployment rate in many decades!.........the country is flat-lined like a dead patient in a hospital. What is this article championing?....more HOPE?
Seasonal Jobs, ever heard of them? The numbers will fall again in January.
unemployment has NOT come down. you commie misfits didnt include the 350,000 who have dropped out or given up because this communist pos in the white house is slowly behind closed doors trashing this country. you people are in another world and so full of yourselves that youe shows are nothing more than therapy for yourselves, which by the way is badly needed. all you misfits and malcontents that werent breastfed at mslsd will be held accountable when the shtf, for sure.keep the ilegalls out and population growth will slow. why do people of color get to break the laws and whites have to pay the price and point that out and you judas whites support these law breakers?