Friday, December 06, 2013

Season Greetings!

Job approval is lower.
President Barack Obama's job approval is in the 40s. Pretty dangerous territory for the party in power. It's obvious that the Democrats have a tough road ahead if they can retake the House and hold the Senate.

With the unemployment numbers out for this November, it seems like the president's promise to create jobs is being fulfilled.

The Bureau of Labor Statistics released its jobs report and it shows that 203,000 jobs were added.

The unemployment number is 7%.

November must have been really good for the service industry. Hell, I even got a job that month.

Also the service industry needs the added help for the holiday rush. And believe me, the extra money is good when you want to give your friends and family something great.

The Associated Press reports a fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The gains in the job market could spur greater economic growth.

The Labor Department said Friday that employers added 203,000 jobs, nearly matching October's revised gain of 200,000. The job gains helped lower the unemployment rate from 7.3 percent in October.

The strengthening job market is likely to fuel speculation that the Federal Reserve may scale back its bond purchases when it meets later this month.

The economy has now generated an average of 204,000 jobs from August through November. That's up from 159,000 a month from April through July.
Now Hiring.
Many of the November job gains were in higher-paying industries. Manufacturers added 27,000 positions, the most since March 2012. Construction firms gained 17,000. The two industries have created a combined 113,000 jobs in the past four months.

Another month of robust hiring follows other positive economic news. The economy expanded at an annual rate of 3.6 percent in the July-September quarter, the fastest growth since early 2012, the government said Wednesday.

Of course the conservatives will complain regardless of the job numbers. It's a pathetic excuse to get at the president because he promise that during his first term unemployment will be lower than 6%.

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