Yay for America!
It’s the news no one has heard over the last 2 and a half years – unemployment is at 8.6%. With all the anti-economy, anti-middle class antics of the Republican party, and their obvious efforts to make things worse for the American people, this is welcome news for all true patriots.
Nonfarm payrolls increased by 120,000 jobs last month, the Labor Department said on Friday, and the jobless rate dropped to 8.6 percent, the lowest since March 2009, from 9.0 percent in October.
It was the biggest monthly decline since January. While part of the decrease was due to people leaving the labor force, the household survey from which the department calculates the unemployment rate also showed solid gains in employment.
“The economy is continuing to head in the right direction,” said Millan Mulraine, senior macro strategist at TD Securities in New York. “However, the ultimate test of the sustainability of the recovery is for the economy to create a sufficient number of jobs to sustain a consumer-led rebound in activity.”
“On this measure, this report falls short,” he said.
Although the gain in the number of jobs created as measured by the survey of employers was relatively modest, it marked a pickup from October’s upwardly revised 100,000 increase.
In all, 72,000 more jobs were created in October and September than previously reported.
Of course, Republicans must come up with a way to try to damper this good news. They must remove any feeling of optimism the American people might have about the economy, and who is better at casting doubt about our economic recovery than Eric Cantor.
After the new unemployment data was released, Cantor, surrounded by his Republican allies, stepped to the podium to deliver their warning – there just aren’t enough jobs in America.
Maybe if Cantor and his Republican friends concentrated more on the American people, instead of the top 1%, there will be enough jobs for anyone looking for work.
But working for the American people is not the priority.
