Unemployment rate drops to 8.3%, 243K jobs added

posted at 8:40 am on February 3, 2012 by Ed Morrissey

The US economy had a good month for job creation in December, according to the new report this morning from the Bureau of Labor Statistics.  We added 243,000 net jobs and the unemployment rate fell two-tenths of a percent to 8.3%:

Total nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month.

There seemed to be a glimmer of hope on workforce participation, too, although not much motion:

After accounting for the annual adjustments to the population controls, the employment-population ratio (58.5 percent) rose in January, while the civilian labor force participation rate held at 63.7 percent. (See table A-1. For additional information about the effects of the population adjustments, see table C.)

The number of persons employed part time for economic reasons, at 8.2 million, changed little in January. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)

In January, 2.8 million persons were marginally attached to the labor force, essentially unchanged 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. (See table A-16.)

The key measure of labor underutilization, the U-6 number, declined slightly on a seasonally-adjusted basis to 15.1% from 15.2% in December.  That is the lowest U-6 number since February 2009, although it’s still far above the 8-9% range of the second Bush term.  That measure dropped most significantly in the fourth quarter of last year, falling 1.2 points.

There were some changes made to the surveys this month, which is a routine part of adjusting for population shifts.  In this case, it tended to be a wash for the overall jobless rate but lowered participation rates by three-tenths of a point.  That’s why the report says that the civilian-population participation rate was unchanged at 63.7% when it had been 64.0% in December.  The BLS will not restate past results as part of their update.  The U-6 numbers are not based on that survey and so are more consistent within their series.

The AP reports that the expansion was broadly based as well:

Employers have added an average of 201,000 jobs per month in the past three months. That’s 50,000 more jobs per month than the economy averaged in each month last year.

The Labor Department’s January jobs report was filled with other encouraging data and revisions. Hiring was widespread across many high-paying industries. Pay increased. And the economy added 200,000 more jobs in 2011 than first thought.

And the unemployment is nearly a percentage point lower than over the summer, when feared a recession was imminent. The last time the unemployment rate has dropped for five straight months was in late 1994.

It falls to a Reuters analyst, David Sloan, to inject a cautionary note:

January’s non-farm payroll with a 243k increase was sharply above a consensus increase of 150k with positive if undramatic back month revisions. The breakdown looks positive almost across the board with manufacturing at +50k particularly impressive. Workweek data was improved, sustaining an upwardly revised December level, though hourly earnings with a 0.2% rise merely met consensus. The unemployment rate saw another significant fall, by 0.2% to 8.3%, when the consensus was for no change, with the fall due to increased employment not losses in the labor force. The broader U-6 measure of labor market slack, after three straight 0.4% plunges, saw only a modest fall of 0.1% to 15.1%, but there can be no doubts over the positive nature of this report. There is only one obvious significant caveat, an unusually mild winter restricting the number of seasonal layoffs, which are always heavy in January. Unadjusted, January payrolls still fell by 2.689 mln.

We’ll see if this continues, or whether it plateaus as the CBO expects.  If it continues, Barack Obama might start seeing his approval numbers sliding upward again.

Update: Zero Hedge points to a curious change in the number of people not in the labor force:

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that’s not a typo: 1.2 million people dropped out of the labor force in one month!

I’m looking at the A-16 historical record (for people not in the labor force, not seasonally adjusted), and the number of people 16 years or older not in the work force changed from 87,212,000 in December 2011 to 88,784,000 in January — which is an increase of 1.572 million, not 1.2 million.  That doesn’t affect jobs added, which are calculated in a separate survey, but it would tend to impact the U-6 rate by increasing the denominator of the calculation, which would lower the resulting ratio or percentage.  Let’s take a look at the raw numbers in those categories:

  • Want a job now (in thousands, total set) — 6495, up from 6135 in December
  • Plus, Available to work now — 2809, up from 2540
  • Plus, Discouragement over job prospects — 1059, up from 945
  • Plus, reasons other than discouragement — 1749, up from 1595

The drop in the U-6 looks like it’s indicating a decline when we’re in fact seeing a modest increase in discouragement, even with the added jobs.

Update II: Steve Eggleston writes to tell me that Zero Hedge was looking at seasonally adjusted figures from table A-1 while I was checking A-16.  The change in A-1 is 1.177 million, rounded up to 1.2 million.  Also for clarification, the “plus” items in the bulleted list above are subsets of the “Want a job now” category.

One source from Capitol Hill wants to make this point as well:

Here is an important fact:  Despite a population increase…

  • People working in Jan. 2009 – 142,099,000
  • People working in Jan. 2012 – 141,637,000

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tell me lies, tell me sweet little lies…..

thedevilinside on February 3, 2012 at 8:41 AM

It is a virtual guarantee that unemployment will be 4.5% come late October.

herm2416 on February 3, 2012 at 8:42 AM

Good news. See what happens when we have gridlock in Washington and the politicians stop trying to fix everything.

rockmom on February 3, 2012 at 8:42 AM

The Dems will hype this as a sign of complete recovery.

We are just 10 months from the election and if the economy improves by even tiny amounts, One-bama will be tough to beat in the election.

NickDeringer on February 3, 2012 at 8:43 AM

Do they count those that have already run out of unemployment benefit options?

bernzright777 on February 3, 2012 at 8:44 AM

So slightly above the rate of population growth. Gee.

Ronnie on February 3, 2012 at 8:44 AM

To be adjusted down after the propaganda has been deemed effective.

Grunt on February 3, 2012 at 8:44 AM

But was it……wait for it………wait for it…….

UNEXPECTED?!!!!!

pilamaye on February 3, 2012 at 8:45 AM

BS

SDarchitect on February 3, 2012 at 8:45 AM

Got the GOP Congress in there to clog up the Democrat Economic Stupidity machine, and things start turning around.

Imagine that.

Good Lt on February 3, 2012 at 8:45 AM

opium for the masses….

ted c on February 3, 2012 at 8:46 AM

+1 ND

Spinning by the lsm today big time

cmsinaz on February 3, 2012 at 8:46 AM

Sorry but I am just not seeing it in my little corner of the world. Several companies have announced plans to relocate to Georgia or open new facilities but aren’t expected to begin hiring until the end of this year at the earliest with most in 2013 – 2014.

Just A Grunt on February 3, 2012 at 8:46 AM

No matter how much the “pump” the numbers,

it’s still far above the 8-9% range of the second Bush term.

they want to ignore this reality: slightly better than horrible still is not good. But according to the LSM/dems/etc., it’s all “Bush’s fault”, of course.

IrishEyes on February 3, 2012 at 8:47 AM

You know that unemployment will be magically non-existent come November right? Which means the whole justification that Romney needs to be elected to improve the economy will be moot. Can someone remind me what other reasons there were to nominate him?

KickandSwimMom on February 3, 2012 at 8:47 AM

To be adjusted down after the propaganda has been deemed effective.

Grunt on February 3, 2012 at 8:44 AM

Exactly.

SusanAnne Hiller on February 3, 2012 at 8:47 AM

Thank God for Obama! His policies are paying off! Without him, those XL Pipeline workers wouldn’t have found work elsewhere!

Nethicus on February 3, 2012 at 8:47 AM

Oh hail the great emperor of the American empire. He has done it again.

liberal4life on February 3, 2012 at 8:49 AM

It is a virtual guarantee that unemployment will be 4.5% come late October.

herm2416 on February 3, 2012 at 8:42 AM

And gasoline will be south of $2/gal.

mapper on February 3, 2012 at 8:49 AM

American economy always rebounds. For all you right wing nuts betting on bad economy on November 2012 will be very disappointed

liberal4life on February 3, 2012 at 8:50 AM

More jobs for repo men and foreclosure specialists, the economy is booming now.

NoDonkey on February 3, 2012 at 8:51 AM

Very impressive and strong reading. This is what was happening last year before the tsunami hit Japan and Libya exploded. The numbers were strong across the board, and they went back and added jobs to the baseline for last year. A very, very strong reading ….

The economy is clearly on the mend, and the double-dip predicted last Summer has faded from memory. I may need to revise my New Year’s prediction: Dow 13K by Easter Fat Tuesday. Here we go …

TouchdownBuddha on February 3, 2012 at 8:51 AM

tell me lies, tell me sweet little lies…..

thedevilinside on February 3, 2012 at 8:41 AM

These are straight facts no lies. Even Willard believes the economy is getting better

liberal4life on February 3, 2012 at 8:51 AM

So John Boehner did create jobs!

ctmom on February 3, 2012 at 8:52 AM

If you don’t actually count anyone who is unemployed, the rate is quite low.

Bishop on February 3, 2012 at 8:52 AM

So lets see…
Bankrupt green energy companies…
Say no to domestic oil….

People go to work…

Electrongod on February 3, 2012 at 8:52 AM

And gasoline will be south of $2/gal.

mapper on February 3, 2012 at 8:49 AM

That unfortunately can’t be manipulated or spun. Some refineries are shutting down and there’s always the threat of Iran to potentially spook the market even more. So we may be stuck paying $3.40+ a gallon at the pump for the foreseeable future.

Doughboy on February 3, 2012 at 8:52 AM

Why the GOP doesnt tout the successes of the GOP governors since the 2010 elections I dont know.

Obama wants to frame the debate as Obama vs Congress. The GOP should frame the debate as the GOP Governors > Obama.

William Amos on February 3, 2012 at 8:52 AM

I was thinking the same thing kickans swim, these folks will make sure the number falls below 7% before the election to be revised upward after Nov 6

I can truly see them doing that to make sure he wimd

cmsinaz on February 3, 2012 at 8:52 AM

The Republican campaign strategy of choking the recovery with ludicrous posturing over the debt and ill-timed attempts to cut spending becomes even more urgent now. They will certainly do everything they can to push Americans back out of work between now and November.

urban elitist on February 3, 2012 at 8:52 AM

Nick deringer
Yep,cbs just had a talking head sayin exactly that. We are on our way back, its just not happening as fast as we would like.

angrymike on February 3, 2012 at 8:53 AM

Didn’t NYC just add a whole lot of jobs — to process welfare recipients?

ctmom on February 3, 2012 at 8:53 AM

We’ll have full employment by Nov. Did the semi conductor engineer guy find a job? That’s what put this over the top.

Kissmygrits on February 3, 2012 at 8:53 AM

Got the GOP Congress in there to clog up the Democrat Economic Stupidity machine, and things start turning around.
Imagine that.
Good Lt on February 3, 2012 at 8:45 AM

Almost like the ’94 mid-terms, except Clinton didn’t have enough time for his RETRO-ACTIVE tax increase to totally ruin the economy, as it is now.

listens2glenn on February 3, 2012 at 8:54 AM

How the Hell does this absurd number jive with the CBO report of a slowdown in 1Q12 and beyond?

Is it likely that, with the coming slowdown, recent hires will be back out the door?

Confused.

matthew8787 on February 3, 2012 at 8:54 AM

Sooooo, for the first time in 5 years the Labor dept doesnt subtract out over 300K jobs that were over estimated during the year due to the birth / death rate? BS! Unfortunately the public is too stupid to realize they are getting snowed!

Johnrut3 on February 3, 2012 at 8:54 AM

It would be interesting to see the job growth numbers by state. Those with GOP govs did best I’d bet.

ctmom on February 3, 2012 at 8:54 AM

To be adjusted down after the propaganda has been deemed effective.

Grunt on February 3, 2012 at 8:44 AM

Each and every time!

KOOLAID2 on February 3, 2012 at 8:54 AM

December—as in Xmas Shopping Seasonal Jobs December? How much you want to bet seasonal jobs were part of the December numbers, and they “forgot” to take that into account?

Sekhmet on February 3, 2012 at 8:54 AM

Oh hail the great emperor of the American empire. He has done it again.

liberal4life on February 3, 2012 at 8:49 AM

First of all, the word “emperor” is kind of creepy, even for a full-douche liberal. Second, congratulations to President Obama on his ability to keep scooping the water out of our cruise liner with a dixie cup.

Spliff Menendez on February 3, 2012 at 8:54 AM

After 3 years of combing all of the Gov. stats, you have to think, after 3 years and thousands of reports, they would find one that is “positive”, just one…

right2bright on February 3, 2012 at 8:55 AM

The Republican campaign strategy of choking the recovery with ludicrous posturing over the debt and ill-timed attempts to cut spending becomes even more urgent now. They will certainly do everything they can to push Americans back out of work between now and November.

urban elitist on February 3, 2012 at 8:52 AM

Or they’ll stop Democrats from passing anything they want to pass, and we’ll actually have a recovery.

The recession started once the Democrats took over Congress and began their meddling waaaaaay back in 2007, genius.

Good Lt on February 3, 2012 at 8:55 AM

Urban idiot
Go back to huffpo it to dang early to start your lies!

angrymike on February 3, 2012 at 8:55 AM

It would be interesting to see the job growth numbers by state. Those with GOP govs did best I’d bet.

ctmom on February 3, 2012 at 8:54 AM

I don’t think the unemployment number ever went above 7% here in VA, even during the worst of the recession.

Spliff Menendez on February 3, 2012 at 8:55 AM

But was it……wait for it………wait for it…….

UNEXPECTED?!!!!!

pilamaye on February 3, 2012 at 8:45 AM

No. Good news (even if it’s a lie) is always expected because Obama is the Messiah who brings good news. Bad news (even if it’s under-stated) is always unexpected, because Obama is the Messiah who is always expected to bring good news.

The Rogue Tomato on February 3, 2012 at 8:56 AM

The Republican campaign strategy of choking the recovery with ludicrous posturing over the debt and ill-timed attempts to cut spending becomes even more urgent now. They will certainly do everything they can to push Americans back out of work between now and November.

urban elitist on February 3, 2012 at 8:52 AM

Gridlock, it does an economy good. But you’re too dense to realize that.

Spliff Menendez on February 3, 2012 at 8:56 AM

But according to the CBO the real unemployment rate is 10%.

flytier on February 3, 2012 at 8:56 AM

Obama 2012!!!

ending the wars, free healthcare, about to pay my mortgage, it’s all good baby.

4 more years
4 more years
Peggy Joseph screams it
4 more years

OH-BAW-MAH
OH-BAW-MAH
The Obama Stash girls scream it
OH-BAW-MAH

PappyD61 on February 3, 2012 at 8:57 AM

Yeah, sure.

squint on February 3, 2012 at 8:57 AM

liberal4life on February 3, 2012 at 8:51 AM

Behold! This is the true text book definition of a useful idiot! For life even.

Alinsky on February 3, 2012 at 8:58 AM

hahaah I’ve never seen so many people this upset over a good jobs report. I wonder why?

Patriots!

cjw79 on February 3, 2012 at 8:58 AM

tell me lies, tell me sweet little lies…..

thedevilinside on February 3, 2012 at 8:41 AM
These are straight facts no lies. Even Willard believes the economy is getting better

liberal4life on February 3, 2012 at 8:51 AM

bwahahahahahahahahahahahahahahaha…idiot

thedevilinside on February 3, 2012 at 8:58 AM

Y’all know there is good chance he will win? Right? Then what?

djl130 on February 3, 2012 at 8:58 AM

First of all, the word “emperor” is kind of creepy, even for a full-douche liberal. Second, congratulations to President Obama on his ability to keep scooping the water out of our cruise liner with a dixie cup.

Spliff Menendez on February 3, 2012 at 8:54 AM

Lol. Good God, I really do need a stiff drink . . .

KickandSwimMom on February 3, 2012 at 8:58 AM

What happened to the 300k annual downward adjustment Rush talked about? They can play with the numbers in DC, but the unemployed are still out there.

Schwalbe Me-262 on February 3, 2012 at 8:58 AM

See those millions who have given up looking because there aren’t any jobs to be found, they don’t get counted.

Working 3 part time jobs to try and equal a full time gig, nope, not counted.

Working part time but desperately want full time, you guessed it, not counted.

It’s amazing how success can be quantified when you remove all the negatives. If I don’t include any bills I’ve found that I’m actually debt free, how cool is that.

Bishop on February 3, 2012 at 8:59 AM

Is it possible……..

…..that the economy improving is because people think THAT HE’S ABOUT TO BE VOTED OUT OF OFFICE and they think there is a light at the end of the tunnel?

PappyD61 on February 3, 2012 at 8:59 AM

These are straight facts no lies. Even Willard believes the economy is getting better

liberal4life on February 3, 2012 at 8:51 AM

Notice that when the GOP takes Congress and hems in the Democrat idiot in the White House, a recovery starts.

When unemployment under Bush was 5.4%, it was “the worst economy since the Great Depression.”

When unemployment is 8.3% under Obama, it’s “the greatest economy in world history, wingnuts.”

Just another day.

Good Lt on February 3, 2012 at 8:59 AM

So if you’re not one of those 243k who found a job, send your resume to the White House. I hear there is someone there who is interested in why you don’t have a job.

BobMbx on February 3, 2012 at 8:59 AM

If the rate keeps dropping I’ll be voting for Mitt!

Only to finally get rid of him

Eph on February 3, 2012 at 9:00 AM

December?

This is February.

………..

PappyD61 on February 3, 2012 at 8:57 AM

Pap, quit being so defeatist. He’s not going to win.

But if he does? New Zealand.

Key West Reader on February 3, 2012 at 9:00 AM

Why the GOP doesnt tout the successes of the GOP governors since the 2010 elections I dont know.

Obama wants to frame the debate as Obama vs Congress. The GOP should frame the debate as the GOP Governors > Obama.

William Amos on February 3, 2012 at 8:52 AM

That’s a losing argument. For better or worse, the President gets the credit or blame for the economy. It doesn’t even matter if the other party is controlling Congress(see Bush and the GOP in 2008).

Doughboy on February 3, 2012 at 9:00 AM

Smoke and mirrors, but of course the media eats it up in favor of ØbaMaØ.
Hasn’t Obozo already doubled the White House staff?

Everyone with two brain cells to rub together knows good and well that the true number is at least TWICE that Bravo Sierra. Slappy and his perp-peeps will milk this ’til the cows come home. Sadly, but not unpredictably, Barry and Moochelle have no clue where milk comes from so the LSM will carry the milk cans for them.

~(Ä)~

Karl Magnus on February 3, 2012 at 9:00 AM

They said they need unemployment to be below 8.5% in order for Obama to be re-electable. So, they redefined it till it was.

bobcalco on February 3, 2012 at 9:00 AM

Or they’ll stop Democrats from passing anything they want to pass, and we’ll actually have a recovery.

The recession started once the Democrats took over Congress and began their meddling waaaaaay back in 2007, genius.

Good Lt on February 3, 2012 at 8:55 AM

The housing bubble started bursting in late 2006, when the Republicans controlled the White House and both the Senate and the House. Your economic history is frankly incompetent.

Plus, the idea that a Democratic House facing a filibustered Senate and a Republican President (or the reverse situation with a D in the White House and Rs in the congress) could significantly effect the economy in six months is frankly ludicrous.

urban elitist on February 3, 2012 at 9:00 AM

Thank you, Jan Brewer!

SouthernGent on February 3, 2012 at 9:00 AM

It is a virtual guarantee that unemployment will be 4.5% come late October.

herm2416 on February 3, 2012 at 8:42 AM

And gasoline will be south of $2/gal.

mapper on February 3, 2012 at 8:49 AM

And if that isn’t working he can always attack Iran. That is being setup now.

Kaffa on February 3, 2012 at 9:01 AM

So, once again, other than the economy why else were we nominating Romney? It certainly wasn’t because he was going to really kick butt and rein in government. It wasn’t because he was the best guy to go up against Obama on Obamacare. Oh, I remember, he is good looking and has a nice family.

KickandSwimMom on February 3, 2012 at 9:02 AM

And…it’ll continue to improve right up until the election. Combine that with the pathetic excuse for a nominee we’ll have (Romney), and Obama is a shoe-in for re-election. Goodbye, America.

jfs756 on February 3, 2012 at 9:02 AM

Are you better off today then fore years ago?

Electrongod on February 3, 2012 at 9:03 AM

with ludicrous posturing over the debt and ill-timed attempts to cut spending

ROFL, as if $16 trillion in debt and the federal government spending an extra $10 billion every single day is nothing to worry about. Just raise the tax rate on the rich by 5% and everything will be fine.

I miss the days of Dubya when the left was frothing about the $450 billion deficit. “We’re all going to die! The economy is ruined! Fiscal disaster! Third world here we come!” they screamed.

How times have changed, as in Hope and Change.

Bishop on February 3, 2012 at 9:03 AM

Isn’t there a way ED can make this place troll proof till at least 10:00 am?

angrymike on February 3, 2012 at 9:03 AM

Oh hail the great emperor of the American empire. He has done it again.

liberal4life on February 3, 2012 at 8:49 AM

I thought you saw your shadow yesterday and should be back down in the hole for another six weeks.
We know math is hard for you, and we don’t have the popsicle sticks right now to show you addition and subtraction.
If we wanted your opinion…We would phart!

KOOLAID2 on February 3, 2012 at 9:04 AM

In my industry there are a good deal of copen ontract positions, but not many permanent full-time jobs. Lies, damned lies, and statistics.

Philly on February 3, 2012 at 9:04 AM

That would be open contract positions. I need to layoff the scotch so early in the day. hic.

Philly on February 3, 2012 at 9:05 AM

The numbers don’t even work.

If 240K is 00.2% then 100% is 120M.

If the employment/population ration is 58% then the workforce
is 300M * 58% or 174M.

Presumably removing children, seniors, and “discouraged workers” from the “population” fixes this.

gh on February 3, 2012 at 9:05 AM

We added 243,000 net jobs and the unemployment rate fell two-tenths of a percent to 8.3%:

How many of those 243,000 jobs were government jobs ?
How many of the unemployed stoped looking for work and signed up for welfare ?
.

philly_PA on February 3, 2012 at 9:05 AM

Meanwhile, the Stupid Party that controls the GOP apparat has decided to shove Gordon Gekko down our throats.

Wonderful.

Let’s raise the Minimum Wage and exacerbate Youth Unemployment while we’re at it!

victor82 on February 3, 2012 at 9:06 AM

to see how BLS is gaming the numbers:

1.2 million folks just vaporized from the workforce?

olesparkie on February 3, 2012 at 9:06 AM

Fuel and food is still very high.

Debt is out of control.

This is a misnomer.

blatantblue on February 3, 2012 at 9:06 AM

that the economy improving is because people think THAT HE’S ABOUT TO BE VOTED OUT OF OFFICE and they think there is a light at the end of the tunnel?

PappyD61 on February 3, 2012 at 8:59 AM

No. Word in the circle is that there’s a chance he might be.. You will see a severe contraction (collective gasp) beginning in March 2012.

Key West Reader on February 3, 2012 at 9:06 AM

Lol. Good God, I really do need a stiff drink . . .

KickandSwimMom on February 3, 2012 at 8:58 AM

.
But it’s not even noon 11 AM yet!

ExpressoBold on February 3, 2012 at 9:06 AM

My Wal-mart is hiring about 30 people a month.
A job @ Wal-mart…is still a job.

annoyinglittletwerp on February 3, 2012 at 9:07 AM

The housing bubble started bursting in late 2006, when the Republicans controlled the White House and both the Senate and the House. Your economic history is frankly incompetent.

When it became evident Democrats were going to win Congress, the recession started. It continued unabated under their rule – picking up steam in 2007 when the Democrats started their drunken spending binge.

Fact.

Plus, the idea that a Democratic House facing a filibustered Senate and a Republican President (or the reverse situation with a D in the White House and Rs in the congress) could significantly effect the economy in six months is frankly ludicrous.

urban elitist on February 3, 2012 at 9:00 AM

And yet, here we are recovering with a GOP House (soon to be Senate) and an idiot in the White House whose Grand Designs were foiled due to the country sending him a message last year.

Spin those wheels, son

Good Lt on February 3, 2012 at 9:07 AM

To be adjusted down after the propaganda has been deemed effective.

Grunt on February 3, 2012 at 8:44 AM

Yup! Because we can easily think of logical reasons for things to get better…why there’s……….
But it’s a NUMBER so it is reported and swallowed whole by many…over and over and over…DUPED again!

winston on February 3, 2012 at 9:08 AM

Bad news for Mitt Romney!!! The only slim chance that a avowed “progressive” who is, as George Soros says, “not that much different than Obama” had to defeat Obama is if the economy still looks terrible.

Good bye putative independent and moderate voters…they will now stay with Obama

And the since the Repubs look like they have decided against nominating a conservative, just like in 2008, we can expect another 2008. Obama gets four more years to tear up the Constitution.

Good job Romneybotts!!!

georgealbert on February 3, 2012 at 9:08 AM

And gas up to $3.459 at the beginning of February. I’m sure the economy can keep eeking out anemic growth as energy supply/generating capacity continues to fall. Because a Harvard Poli Sci retard has decreed it!

MNHawk on February 3, 2012 at 9:08 AM

How many of those 243,000 jobs were government jobs ?

philly_PA on February 3, 2012 at 9:05 AM

Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing. Government employment changed little over the month.

Almost none of it was government jobs. I’m still not understanding how the unemployment continues to drop so rapidly when we’re not even creating a quarter of a million jobs a month(and sometimes far less than that). The job numbers are good, but not great. But the steep drop in unemployment looks very suspicious.

Doughboy on February 3, 2012 at 9:09 AM

When it became evident Democrats were going to win Congress, the recession started. It continued unabated under their rule – picking up steam in 2007 when the Democrats started their drunken spending binge.

This is one of the most absurd partisan point-scoring attempts I’ve ever seen. Absolutely feeble.

cjw79 on February 3, 2012 at 9:09 AM

American economy always rebounds. For all you right wing nuts betting on bad economy on November 2012 will be very disappointed

liberal4life on February 3, 2012 at 8:50 AM

But Obama gets the credit, even though the economy would recover no matter what?

Liberal beliefs – no amount of meddling can ever mess up the economy, it’s totally indestructible.
and – If we add 2 molecules of carbon dioxide to the atmosphere, we’re all going to die!!!

zmdavid on February 3, 2012 at 9:09 AM

Oh, I remember, he is good looking and has a nice family.

KickandSwimMom on February 3, 2012 at 9:02 AM

That’s it. You’ve got it. The Potemkin conservative.

Kaffa on February 3, 2012 at 9:09 AM

“Raise the debt ceiling and spend another trillion bucks, then we will have success.”

-average lib

Bishop on February 3, 2012 at 9:09 AM

heart-ache.

sesquipedalian on February 3, 2012 at 9:10 AM

Bad news for Mitt Romney!!! The only slim chance that a avowed “progressive” who is, as George Soros says, “not that much different than Obama” had to defeat Obama is if the economy still looks terrible.

Good bye putative independent and moderate voters…they will now stay with Obama

And the since the Repubs look like they have decided against nominating a conservative, just like in 2008, we can expect another 2008. Obama gets four more years to tear up the Constitution.

Good job Romneybotts!!!

georgealbert on February 3, 2012 at 9:08 AM

Yes, Obmama is all, um, Romney’s fault!

CURSE YOU MITT ROMNEY!

Good Lt on February 3, 2012 at 9:10 AM

Isn’t there a way ED can make this place troll proof till at least 10:00 am?

angrymike on February 3, 2012 at 9:03 AM

That’s why I got upset last night. I come here for solace and comradery, not for the likes of Rachel Madcow or Debbie Brillopad Schultz’s squawking points.

Key West Reader on February 3, 2012 at 9:10 AM

But it’s not even noon 11 AM yet!

ExpressoBold on February 3, 2012 at 9:06 AM

I guarantee ya I’ll be starting before I make dinner for the family tonight. :)

KickandSwimMom on February 3, 2012 at 9:10 AM

I call bs.

trailortrash on February 3, 2012 at 9:11 AM

I think you can chalk up today’s falling unemployment rate to the discouragement of the American worker.

ironman on February 3, 2012 at 9:11 AM

I am still — not buying any government numbers….

Record 1.2M Fall Out Of Labor Force…
Drudge Headline

CoffeeLover on February 3, 2012 at 9:12 AM

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