The new unemployment numbers came out today, and who you listen to may decide how you see them. The Labor Department reported the economy added 120,000 jobs last month. The unemployment rate also dropped to 8.2 percen, which is the lowest level since January 2009. These are great numbers right?
President Obama was quoted as saying "we welcome today's news that our business created another 121,000 jobs last month and the unemployment rate ticked down." However, GOP candidate Mitt Romney views these statistics as more proof that there needs to be someone else in the White House.
Romney stated that "this is a weak and very troubling jobs report that shows the unemployment market remains stagnant." He says this for good reason too. This is the first time since November that the new jobs figures fall below gains of 200,000. Romney also stated, according to FoxNews, that "more and more people are growing so discouraged that they are dropping out of the labor force alltogether."
Romney has a point that this is troublesome news, and that it appears that the slow economic recovery may be stalling even more. However, it is important for those reading these news stories and listening to the politicians do some research on their own.
For example, I am not sure where Romney sees that last claim. Although the Bureau of Labor Statistics makes the point that the number of discouraged workers is about the same as last year (not seasonally adjusted), the numbers released show that there are approximately 865,000 discouraged workers. This is down from over a million from last month.
In other words, people who will be voting in November should look up some of this information on their own to make up their own minds on the progess of their country.
Follow this link to see the report for yourself and make up your mind:
http://www.bls.gov/news.release/pdf/empsit.pdf
Luis Alexander
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