Austan Goolsbee: ...Despite headwinds from high energy prices and disruptions from the disaster in Japan, the last three months of private job gains have been the strongest in five years. While the solid pace of employment growth in recent months is encouraging, faster growth is needed to replace the jobs lost in the downturn. We are seeing signs that the initiatives put in place by this Administration – such as the payroll tax cut and business incentives for investment – are creating the conditions for companies to add new jobs and foster the industries of the future. We will continue to work with Congress to find ways to reduce spending, so that we can live within our means without neglecting the investments in education, infrastructure, and clean energy that will strengthen our economy.
Yes, jobs, jobs, jobs. Something the Republican party ran on in November 2010, but judging by the votes taken in the House of Representatives so far, you'd think they ran on abortion, abortion, abortion.
Here's Speaker John Boehner's tweet today, trying to tamp down the best jobs numbers in FIVE YEARS.
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2 comments:
That damn, frickin' unemployment %!!!
We've been hearing for two years that we need to create 200k/250k jobs a month to bring down the unemployment rate. So we create 244k and the unemployment rate goes back UP!?!?!? I bet this just chapped the hides of our administration. Ergh!
Jennifer
Jen - According to all indicators and the interviews I saw with economists today, the uptick in the unemployment number to 9% from 8.8% is a normal thing. What winds up happening is that in better times more people are looking for work that hadn't been looking before or had stopped looking. So in essence they're counted twice.
Believe it or not, they're saying it's a good thing.
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