The media is ecstatic! The Obama White House has popped out the champagne glasses. 200,000 jobs are reported to have been created in the month of December. The unemployment rate fell as well to 8.5%. This is good news for people seeking work but bad news politically for the country. If the job market continues this trend of 200,000 a month, it will all but guarantee Obama’s re-election. I don’t think this number can be sustained as there is no economic reason for any growth. Wages are stagnant and Americans are still in debt. My hunch is this was seasonal hiring.
The U.S. unemployment rate unexpectedly fell to 8.5 percent last month as job creation was more robust than expected, providing continued signs that the nation’s labor market is improving gradually.
Growth in manufacturing jobs helped offset loss in government positions, while wages edged higher and the length of the work week also lengthened a bit.
The unemployment rate a hotly contested number because of the rise in potential workers who have quit looking for jobs — has fallen 0.6 percentage points since August
[…]
The labor-force participation rate, considered another key metric regarding optimism in the workforce, was unchanged at 64 percent. The average duration of unemployment remains near a record high at just under 41 weeks, though the number of those unemployed for 27 weeks or longer fell by 92,000.
[…]
Job gains came from a variety of quarters: Transportation and warehousing surged by 50,000, the couriers and message industry rose 42,000, and retail added 28,000. Manufacturing grew by 23,000 and the hospitality industry continued its brisk pace, adding 24,000 jobs in December and 230,000 over the past year at food and drinking establishments.
Hospitality jobs are not the career building, high incomes jobs needed to sustain a good lifestyle. Couriers and messaging jobs are not well paying either. This continues a decades long trend of low paying jobs. Since a Democrat is in office the media will cheer and overlook the crappy jobs created. It’s all about keeping their False Messiah in office. This jobs report makes the job of unseating Obama even harder.
Update: The one Republican who could have wiped the floor with Obama and who is actually an Economic and Fiscal Conservative Marco Rubio writes a scathing letter to Obama. He condemns Obama’s calls for more borrowing and points out our debt is at dangerous levels.
In a scathing letter to sent to Barack Obama this morning, Senator Marco Rubio said that under the President’s first term in office, “more and more people have come to believe that America is becoming a deadbeat nation.”
Rubio went on to pledge that he would challenge any further increase in the debt ceiling, arguing that “we [Congress] need to make it routine to actually spend no more than we take in.” In the letter obtained by HUMAN EVENTS, the Florida Senator said that President Obama’s upcoming request to increase the debt ceiling by a whopping $1.2 trillion will cause the nation’s public debt to surpass the $16 trillion mark.
“I will oppose your request to continue borrowing and spending recklessly.”
Marco Rubio is a true Economic and Fiscal Conservative. He is lights beyond International Socialist Mitt Romney and Christian Socialist Rick Santorum. He gets it, the 2 clowns don’t get it.
