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Carolyn Kaster / AP
President Barack Obama speaks at a campaign event at George Mason University, Friday, Oct. 5, 2012, in Fairfax, Va.
Friday, Oct. 5, 2012 | 10:15 a.m.
FAIRFAX, Va.— President Barack Obama says an encouraging jobs report shows that the country has made too much progress to turn back to the policies that he says led the nation into an economic crisis.
Obama got much-needed good news Friday following his disappointing debate performance as the unemployment rate dropped to 7.8 percent. That's the lowest it's been since he took office in 2009.
At a campaign event in suburban Washington, Obama said the report was "a reminder that this country has come too far to turn back now."
Cheers erupted from the crowd at George Mason University in Fairfax, Va., when Obama noted that the jobless rate is now at its lowest level since he became president.
Republican rival Mitt Romney says Obama still hasn't done enough to create jobs.
Adding $6 trillion in debt and if you want to say break even on unemployment, I think that its a huge net loss. Remember the promises madee in 08 from someone that didn't have a clue exactly how bad things were and are. Doesn't bode well for future economics.
THE TRUE NATIONAL UNEMPLOYMENT LEVEL IS OVER 11%...NEVADA UNEMPLOYMENT IS 11%+, SOME STATES ARE OVER 12%, BLACKS AND HISPANICS ARE OVER 12%..
OBAMA PROMISED HE WOULD LOWER UNEMPLOYMENT..
Here is the acid test, the bottom line on Obama and the Democrats impact on jobs.
When the Democrats took control of congress in January 2007, the unemployment rate was 4.6 percent.
When Obama took control of the White House in January 2009, the unemployment rate was 7.8 percent.
The stated current unemployment rate is 8.1 percent.
Obama has lost 1.9 million jobs. It takes 250,000 jobs a month just to break even. Obama acts like his 100,000 jobs a month is good when its a actual net loss of jobs.
http://data.bls.gov/timeseries/LNS140000...
And that is not all.
The Labor Force Participation Rate has dropped. If that rate had not dropped, the unemployment rate would have been significantly higher.
When the Democrats took control of congress in January 2007, the Labor Force Participation Rate 66.4 percent.
When Obama took control of the White House in January 2009, the Labor Force Participation Rate was 65.7 percent.
The Labor Force Participation Rate currently is 63.7 percent.
http://data.bls.gov/timeseries/LNS113000...
AFTER 4 YEARS OF OBAMA HE'S MADE THING'S MUCH WORSE...In Obama's own words he said "if he did not lower the unemployment rate he would be a one term President"....
These numbers are garbage and should be treated as such. Take away seasonable summer employment by students the unemployment numbers are still very high. Ask someone who is looking for a decent job. There are just none out there. No one is hiring. When you can't find a job blame Obama. I voted for him four years ago but no way would I vote for him again. Too many of my friends cannot find a job and Obama is out there partying. He only care about getting reelected.
This guy is so desperate for good news, he has to make it up...Good riddance in November....
I do not believe the numbers reported..Obama needed a boost after the debate so I wonder???? My vote is for Romney!
What happened to all the new work permits for illegals? Perhaps 2 million more illegals in the work force in VIOLATION OF FEDERAL LAW. So instead of 7.8, we have 9.7% UNEMPLOYMENT.
Like when gas goes to $4.50 a gallon and then drops $.25 to $4.25, it's a trend! However, as good as this news is I think most people in this country have seen enough. Several Senators, about one hundred Representatives and this administration need to be let go. The next scheduled Tea Party meeting is November 6Th 7am-7pm, everyone is invited.
"the country has made too much progress" ???? Not in everyones' eyes.
The policies that got us in the mess in the first place, giving unqualified people mortgages with little money down has been stopped so I don't think anyone will disagree that won't be coming back anytime soon..
When the data identify Obama strengths and successes, the nay-sayers scream "Foul!"
But when the data support their perspective, the same TEA-nuts applaud the proof!
Wishy-washy is as wishy-washy does!..thanks Forrest!
.........
One of my little companies just grew enough jobs in green energy retrofits to hire 200 people as of this week. We are retrofitting the daylights out of houses, upgrading the places, making them more comfortable, more efficient, healthier and safer, and we're installing mini-split heat pumps and solar panels to power the places too. Most of our products come from the US (even our solar panels are made in Washington state and our inverters too)so we have also added to our manufacturing base here but we don't include those numbers. We only count full time positions directly linked to the work we develop.
I got an idea for some of you whose dislike of progress seems to cloud your view of the world - take a tip from the Rep who said that he's sure the world was popped out in 6 days about 9,000 years ago...fall down on your hands and knees and pray to some idols in a creed outworn and try as hard as you can to pretend you're only dreaming!
Most of the new jobs were part time and many people just gave up looking for a job so they were not counted as unemployed. This is a recovery?
Obama has declared his jobs policies a SUCCESS.
WHY? BECAUSE UNEMPLOYMENT IS AT THE SAME RATE 7.8% AS WHEN OBAMA TOOK OFFICE.
Remember when a campaigning Obama bashed and excoriated the September 2008 unemployment rate of 5.4%
Obama says "We have made too much progress" as the Obama Labor department for two months ahead of the election put out questionable unemployment numbers.
So the unemployment rate is at the same as when Obama took office. And Obama says this is "too much progress"
<<Take away seasonable summer employment by students the unemployment numbers are still very high. Ask someone who is looking for a decent job. There are just none out there. No one is hiring>>
Seasonable summer employment???? By Students???
Seasonable summer employment ended about two months ago in most parts of the country. Of course, those "seasonable summer" jobs are finally finished there in Vegas. The pools are closing.
Try checking out other parts of the country where there are plenty of jobs and companies are hiring FULL TIME employees.
When I was looking for a job, I opened a separate email address specifically used for seeking employment. I still have it. At least 3 times a week, I STILL get emails from Las Vegas firms who are hiring. I get emails from headhunters in Vegas with job listings - so don't tell me there are no decent jobs for professionals in Vegas. And these are not minimum wage positions, but positions that pay a decent salary. But then it is that uneducated workforce that could never get any of those positions which keep your unemployment number so high in Nevada.
The new jobs numbers include 800,000 new part time jobs. This data was collected by the "Household Survey" which has an error margin of +- 400,000.
This video puts Obama, in his own words, in the middle of the housing collapse. He actually helped cause the recession that he inherited. He, as attorney for ACORN helped sue Citibank and forced them to make subprime loans.
http://www.youtube.com/watch?annotation_...