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| CBS: Obama at 44% approval »
April 02, 2010
Unemployment Stays At 9.7%, Fewer Jobs Created Than Expected But Still Pretty AWESOME According To Some Media OutletsIf the news weren't so damaging to so many people it would be hysterical how the ObamaMedia covers this stuff. So far (and it's still early) CNN has the best Obama spin on today's job figures. The U.S. economy gained more jobs in March than any other month in the last three years, according to a government report released Friday. The lack of a decrease in the unemployment rate is unexpected because if you read on, you find that almost 50,000 of these jobs are temp gigs associated with the census. Some had expected the rate to drop by up to half a point because of that temporary hiring. My guess is they had to scramble this morning to rework administration talking points away from a drop in the rate and focus solely on the raw jobs created number. Creating some non-census jobs is better than shedding them, so that's good but 9.7% unemployment? The adverb they elected to go with to describe the unemployment rate is 'stubbornly'? 'Devastating' comes to mind, as does 'well above what Obama promised when he forced the so-called 'stimulus' through last year'. Funny how that chart the media touted when they were flacking the thing for Obama never seems to appear anywhere except on blogs. The Wall Street Journal has a more straight forward recap of the numbers and it's basically what you'd expect...job growth is meh. Beyond government jobs, the report showed that manufacturing continued to trend up, rising by 17,000. The industry, which is leading the economy's recovery, has added 45,000 jobs in the past quarter. Construction, a sector that's been suffering, added 15,000 jobs in March. When you are talking numbers in the tens of thousands in a country of over 300 million people, you are talking about job growth that amounts to rounding errors. It certainly good news for the people who got jobs but for the economy as a whole, not much to cheer about. | Recent Comments
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