Seems like everyone is focused on last year because the numbers are all of a sudden looking a little better or something. But unemployment is still almost 8% and that’s the sunny number produced by BLS. The U6 number which includes everyone is still close to 15%. Job growth is still anemic as most say we would need to be growing at 250k per month to even start making a dent in unemployment. And let’s not forget that GDP growth for the fourth quarter of 2012 was contracting.

All I know is if this were 2003 under Bush, the Democrats would be yelling their heads off in the House and Senate about people starving and dying in the streets. They might even march on the White House.

But not for Obamamessiah:

MARKETWATCH – The U.S. created a modest 157,000 jobs in January and the unemployment rate ticked up to 7.9%, but the economy added one-third of a million more jobs in 2012 than previously estimated, with a large chunk coming in the final months of the year.

Yet the slackened pace of job growth in January takes a bit of the shine off the report. The number of jobs added to the economy in January fell short of the 170,000 forecast of analysts polled by MarketWatch.

The pace of hiring in the first month of the new year suggests businesses remain cautious about taking on new employees amid continuing budget wrangling in Washington, an increase in U.S. taxes and a global economic slowdown.

The U.S. would have to add jobs at double January’s pace for an extended period to drive down unemployment back to precession levels of under 5%. Instead, the unemployment rate crept back up, which is not good news to the Federal Reserve.

The central bank has said it will keep interest rates ultra-low until the jobless rate moves sharply lower. The Fed has also taken steps to keep longer-term rates low to make it easier for people to buy cars, houses and other big-ticket items.

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30 comments
wodiej
wodiej

Republicans keep nominating RINO's. When they do have a nominee, if they didn't get who they wanted, they cry and stay home on election day. Not too bright.

Sober_Thinking
Sober_Thinking

Oh and Carney said today that it was Bush's fault... ROFL! That well is so dried up and yet they keep going to it... Dining on dust.

Obama is in his 5th year now and if he wants to blame his predecessor... that would be himself. Can't blame boooosh anymore. Nope. That dog don't hunt...

mike3e4r7
mike3e4r7

There is a special place in hell for people like Carney.

Sober_Thinking
Sober_Thinking

And when liberals get there, they'll try to change things more to their liking and make everything worse.

tinlizzieowner
tinlizzieowner

I guess Carney didn't get the message. It's the fault of Fox News and conservative talk radio, now.

Like everything else liberal, they didn't pay the bill on their 'Bush Card' but they are still trying to charge on it. ;-)

Sober_Thinking
Sober_Thinking

Wow... none of us expected to see it bounce back up after the elections... (sarc off)

How pathetic that they lied and knocked this figure down by 3 points and then immediately after Obama is re-elected, the unemployment rate starts going back to where it always was.

I'm telling ya... the MSM is the devil...

Stewie
Stewie

The contrast between what I heard on Rush this morning, and what I heard on the local affiliate couldn't be any sharper.

joyfulgiver
joyfulgiver

Poof! According to this article (below) as of January, 12.3 million Americans are unemployed and 38% of those have been unemployed for over 27 months. Yet, this administration and the crony liberals Rep and Dem are determined to pass some type of amnesty. How about we FOCUS on putting AMERICANs back to work before we even consider taking on more immigrants, especially those who came here ILLEGALLY?!?!?!

Estimated 11 million illegals in America (I say it's MORE)

http://cnsnews.com/news/article/169000-americans-drop-out-labor-force-january-unemployment-ticks

LIBERTYUSA
LIBERTYUSA

...who is President Barack HUSSEIN Obama and why is he DESTROYING your ONCE VIBRANT THRIVING E C O N O M Y ?" mmmmmmmmmmm

mikeinidaho
mikeinidaho

Hmm, sounds like a "fundamental transformation" to me! Obama is very busy working to collapse the economy and enslave the citizens of this once great Republic. What a guy, huh?

I can't wait til the un-informed, unemployed tools who voted for the Islamo-fascist find out that he can't pay for their welfare, food stamps and phone because the working tax payers are GONE. Should be quite a party!

Nukeman60
Nukeman60

I saw our good buddy Alan Colmes on Fox this morning (luckily, I hadn't had breakfast yet. It was on an empty stomach). He said the fault was with - wait for it - the Republicans. What a dirtbag. Bush did it, Palin caused it, The Republicans are responsible.

It seems the real fault lies with those darned Americans just not getting jobs. Obama touts all the jobs created (ie, high-level lost jobs becoming low-wage gained jobs) and of course the low information voter sucks it up. Recovery is on the move. Contraction is sooo much better than expansion.

I can't take it anymore. Back to the bunker to wait out the collapse of America, so we can restart it once the West-Coast and the North-East Corner liberals all starve to death and kill each other off in the riots that will ensue. I have a copy of the Constitution with me, so it will not die. The only thing that will die is inner-city debauchery and the idiotic progressive philosophy that got us here in the first place.

Bye, bye, Alan.

John
John

Translation of "growth....was contracting" for low info people - it means GDP WENT DOWN

Libertyship46
Libertyship46

We are literally spending trillions of dollars each year for the status quo, which is high unemployment, low growth, and skyrocketing taxes. Hmmmm, where else do we see all of this? Oh, that's right, in EUROPE! We are following their example and now we even look like them, economically and, if the sequester goes through, militarily as well. At this rate, we will be as irrelevant as Europe is, too.

Conniption Fitz
Conniption Fitz

The stock market was high today - BUT - since 2008-9, it has been held up by the FED.

http://www.zerohedge.com/news/2013-01-22/what-1230-days-explicit-market-support-federal-reserve-looks

How long can this go on with the debt mounting, the dollar falling and 8,500,000 out of work?

11,000 new food stamp applications per week since Obama took office.

350,000 new unemployment applications per month since Obama took office.

Inflation. High gas prices. Higher casualties in Afghanistan.

Conniption Fitz
Conniption Fitz

Drudge:

8,500,000 Americans Left Labor Force In Obama's First Term...

POOF: Another 170,000 disappeared in January...

THIS is not anyone's fault but the Crazies (socialist ideologues), the Crooks (corrupt crony vulture capitalists) and the Covetous (entitlement hogs who demand goods and money they have not earned) - as opposed to honest, hard-working builders of a free-enterprise economy (those who plan, save, invest for childrens' education, retirement.).

sjmom
sjmom

In other words; Obama's fault.

Rshill7
Rshill7

Well, this ought to spur economic growth and cheer folks up:

(CNSNews.com) – In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.

Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the IRS. http://cnsnews.com/news/article/irs-cheapest-obamacare-plan-will-be-20000-family

sjmom
sjmom

I read this yesterday somewhere other than CNS and it said this IRS regulation was because the govt missed the deadline to fix it???? Oh, those govt missed deadlines tsk tsk. Yeah, it was missed..............accidently on purpose. Still praying this whole debacle goes down.

Biggbear52
Biggbear52

The article and the naziastration have said that the growth level is quite sluggish as they analyse the new numbers released on wed. Again the LUNATIC mindset of the extreme zombicrat is off by no less than light years. The numbers do not indicate sluggery, instead they show REGRESSION and a downward trend as they actually have design of. The NAZISTRATION is planning on at least 10% unemployment rates to be the new and perpetual norm.

sjmom
sjmom

Scoop, NO! Cannot be because I heard an Obama economist from Harvard say on Hannity the other night everything is good. The economy is shrinking, unemployment is rising and the administration continues to do nothing because Obama's plan of destruction is now blossoming just as he had hoped.

rsfan1
rsfan1

It drives me nuts the way the media sugar coats everything. Even sometimes Fox, and Fox Business. The unemployment numbers have been atrocious throughout BO's presidency yet he got reelected.

Sheer Politics
Sheer Politics

Of course they're only sugar coating because the anointed one is in office. If this were Bush, Romney or other republican, every night we'd be hearing about Sandy, unemployment and the homeless.

Tiffini
Tiffini

The "media" seems to be our biggest enemy, I'm not saying obviously that the government isn't, just that the so called "media" is just as corrupt. They paint an inaccurate picture of what is truly going on. It is maddening.

Lady Penquin
Lady Penquin

The media is the messaging arm of the leftist government, read that as Communist. Thus it makes their goals the same - move the country into socialism and onto communism. Fascism at work.