CEA Chairman Krueger: The job market is still “healing”

posted at 11:31 am on February 1, 2013 by Erika Johnsen

Coupled with this week’s “unexpected” revelation that the economy contracted in the fourth quarter of 2012, I’m sure that today’s heightened unemployment rate was most unwelcome news to a White House that is most auspiciously focused on other matters — better get your chief economists on it, stat!

Via the WFB, enter Council of Economics Chairman Alan Krueger — it’s like a bad side reel of nothing but tired and recycled White House talking points circa 2011.

I think today’s report is the continuation of a pattern where we’re seeing the job market healing. It’s not back to full health… So, January’s numbers are in line with what we’ve been seeing, and we just need to keep building on this progress and making sure that Washington doesn’t give us any self-inflicted wounds. … That’s why the president has supported investing in more infrastructure to improve our roads and our highways and improve our productivity in the future, make other steps to strengthen the economy while we get the deficit under control. … I think that what’s important is that the administration and Congress continue to make the steps that build a stronger economy, and economy that works better for the middle class and helps to put us on a path to a sustainable budget in a balanced way. … I think the main risk we face right now is Congressional gridlock could prevent us from the steps we need to build a stronger economy, and economy that works better for the middle class.

The labor force is still “healing”? Is there an echo in here?

But, the middle class! Infrastructure! Congressional gridlock! Balanced approach! The bad economics news has forced the White to come out and say something, but they’re all the same excuses we’ve been hearing for ages now. President Obama may be ready to move on with immigration, gun control, climate change, and whatever else strikes his fancy while we all just sit back and get used to the new normal, but unfortunately for him, the economy has other plans.

I’ll say this for them: They have a story, and they’re stickin’ to it. …So, that’s something, I guess.


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I’ve already got my violin out Erika!

CoffeeLover on February 1, 2013 at 11:34 AM

Associated Press report included this:

The mostly upbeat report included one negative sign: The unemployment rate rose to 7.9 percent from 7.8 percent in December, mostly because some unemployed Americans gave up the search for work because of weak job prospects.

But, if Americans are giving up the search for work, wouldn’t they DROP OUT of the unemployment report?

hawksruleva on February 1, 2013 at 11:36 AM

CEA Chairman Krueger: The job market is still “healing”

…yep!…the MSM Politburo is still holding… a compress for you!

KOOLAID2 on February 1, 2013 at 11:38 AM

Krueger? Sounds familiar. He Krugmans son or sumthin?

tommy71 on February 1, 2013 at 11:39 AM

Don’t worry, Bill Clinton said that recovery was right over the next election.

Annnnny day now.

Gatsu on February 1, 2013 at 11:39 AM

Credit Supernova!

BallisticBob on February 1, 2013 at 11:39 AM

This country is a joke. Welcome to the new normal. I feel like we’re living in Idiocracy.

jawkneemusic on February 1, 2013 at 11:40 AM

Yup, it’s healing like a groundhog run over by an 18 wheeler.

fogw on February 1, 2013 at 11:50 AM

Remember when the media gave Bush a pass when they claimed the entire Iraq policy was “Stay the course”? Good times.

This is Obama’s “stay the course” and should be branded as such.

weaselyone on February 1, 2013 at 11:52 AM

It better be healing

Limerick on February 1, 2013 at 11:55 AM

When healing takes this long in the medical community it’s call a “permanant disability”

tommyboy on February 1, 2013 at 11:55 AM

Was that a fireside chat? It was nauseating. Clearly Obama’s gonna need a 3rd term. Oh and a world war. Right now it’s looking like we’ll get both.
I’d bet a blue eagle on it.

onomo on February 1, 2013 at 12:01 PM

A 0.1% unemployment increase and -0.1% contraction in GDP is ‘healing’? In what universe is a worsening actually considered getting better?

Liam on February 1, 2013 at 12:01 PM

A 0.1% unemployment increase and -0.1% contraction in GDP is ‘healing’? In what universe is a worsening actually considered getting better?

Liam on February 1, 2013 at 12:01 PM

Obama needs more time. It’s gonna take 8 years to undo what Bush took 8 years to cause.

Can’t wait to hear Obama and Dems try to explain themselves if after 8 years, they still haven’t fixed anything(and actually made it worse).

Doughboy on February 1, 2013 at 12:04 PM

20k for family health insurance with a minimum 2k penalty courtesy of Uncle Sugar. Dig deeper Harry. Make that shovel sing!

Limerick on February 1, 2013 at 12:06 PM

Krueger doesn’t care one bit about unemployed Americans, so long as his job is secure. All these employed people need to STFU about unemployment, unless they are going to hire someone or help them find work.

Christien on February 1, 2013 at 12:20 PM

CEA Chairman Krueger: The job market is still “healing”

That’s a heckuva lotta scar tissue if it’s healing. Or, did he mispronounce “reeling”?

Fallon on February 1, 2013 at 12:23 PM

Daggone it! Building a utopia is hard! Ask Mussolini, Marx, or Mao. But then they didn’t have the one.

onomo on February 1, 2013 at 12:25 PM

Nothing to see here….move along

workingclass artist on February 1, 2013 at 12:31 PM

Still healing? That’s what my surgeon tells me two years plus after the operation.

Don L on February 1, 2013 at 12:33 PM

This country is a joke. Welcome to the new normal. I feel like we’re living in Idiocracy.

jawkneemusic on February 1, 2013 at 11:40 AM

It’s a mix of 1984 and Idiocracy. Drink some Victory Brawndo.

Nick_Angel on February 1, 2013 at 12:33 PM

Drink some Victory Brawndo.

Nick_Angel on February 1, 2013 at 12:33 PM

Brawndo’s got electrolytes.

Fallon on February 1, 2013 at 12:44 PM

“…we just need to keep building on this progress.”

WHAT PROGRESS? Dumbo had 4 years – and we’ve still got 8 MILLION unemployed. You know, PEOPLE WHO PREVIOUSLY HAD JOBS!

GarandFan on February 1, 2013 at 12:56 PM

Brawndo’s got electrolytes.

Fallon on February 1, 2013 at 12:44 PM

And what plants crave!

Gatsu on February 1, 2013 at 1:29 PM

Old and busted.

Can’t wait to see their new hotness. :)

Wonder who’s “crafting” it.

Axe on February 1, 2013 at 2:23 PM

Obama needs more time. It’s gonna take 8 years to undo what Bush took 8 years to cause.

Can’t wait to hear Obama and Dems try to explain themselves if after 8 years, they still haven’t fixed anything(and actually made it worse).

Doughboy on February 1, 2013 at 12:04 PM

They might get away with it. Look at FfDR vs Hoover. To this day he’s been permanently maligned.

Red Creek on February 1, 2013 at 2:48 PM

I’ll say this for them: They have a story, and they’re stickin’ to it.

Translation; Stupid is as stupid does.

woodNfish on February 1, 2013 at 3:16 PM