Comments about ‘U.S. economy adds 146,000 jobs, unemployment rate falls to 7.7 percent’

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Published: Friday, Dec. 7 2012 12:00 a.m. MST

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Temecula, CA

In the last 3 weeks over 900,000 people applied for first time unemployment benefits. 500,000 people had their benefits end so they are no longer counted and California is 8 days behind in processing extended benefits. The facts show that job creation is anemic. 146,000 jobs created is not solid! It does not even keep up with the natural monthly population growth coming into the workforce. 150,000 to 225,000 per month are needed to just keep up with even. Solid job growth is 400,000 per month. That will start to truelly reduce overall unemployment: The Real unemployment number 15.1 percent. This point in the Reagan recovery saw job growth at 500,000 to 1 million jobs per month. Bad is Bad! Our economy is Bad off. No twisting of facts changes that.

These pathetic numbers do not include Panasonic's 10,000 cuts, Lockheed Martin's 123,000 cuts, Boeings 68,000 cuts, Hostesses 18,500 cuts, Citibanks 11,000 cuts ect. Or the additional 800,000 cuts coming from sequestration and the end to all the part time Christmas jobs in 4 weeks. Then the closures or cut backs by major retailers in stores.

liberal larry
salt lake City, utah

My condolences to conservatives. I know how much you have invested in our countries economic plight, and this bright spot must cause you un-told misery, all I can say is, "I feel your pain."

Say No to BO
Mapleton, UT

Now that the dust is settling a bit on unemployment numbers, maybe we can address to long-term, hard core unemployed.
Conventional wisdom says that 4% is about as low as the rate can go.
But there is apparently another number, off the radar, of those who have given up looking for work. They don't count in the unemployment number, but they are still out there.
How big was that number five years ago and how big is it now.
And the real question: Why do we still have forgotten men?

Colorado Springs, CO

Who would have guessed that there would be posts naysaying these numbers and giving their own version of reality? Anyone besides me?

Say no: I hope by your last sentence you mean mankind and not just men!

salt lake city, UT

The Romney recovery is taking hold.

one vote
Salt Lake City, UT

How about that President! The doom and gloomers must be real down. Nothing like an economic recovery to depress the conservatives not in power.


7.7 is great - as far as it goes.

Apparentally those hard-working employees that have just dropped off the radar and are now at the food bank to get by don't count for much.

Maricopa, AZ

To suggest that any of us wouldn't be thrilled to see a true up tick in the economy is just silly.
Yes many of us conservatives would have to admit that the other guy's plan is actually working.
BUT, to suggest that things are clearly improving is being naive and gullable and even worse, believing that the current economic plan is working.
To ignore the fact that unemployment always takes a dip around Christmas is simply an annual tradition.
And adding 146000 jobs doesn't begin to put a dent or even keep up with the current job losses.
Let's talk again around Jan-Feb and see how many of you are beating on your chests over this solid recovery.

With no cutbacks on spending, obamacare and higer taxes on the horizon no one should be surprised to see the same results as the first 4 year gave us. Perhaps even worse.

That's not doomsday talk or hoping for the worst.
It's simple reality.

Colorado Springs, CO

Anyone want to bet that if Romney were elected president and these same numbers came out, a lot of posts would say something much different from what is being posted today?

Mcallen, TX

This is mostly part time holiday help, people giving up & no longer looking for work, and Sandy clean-up.

curious george
Smalltown, UT

The main reason for the 146K increase of jobs this quarter is the addition of temporary employment by retailers for the holiday season. After Christmas the numbers will go right back to where they were a few weeks ago. Please, liberals don't start crowing yet and conservatives don't get you knickers in a bind. Until some real solutions to the economy are addressed there will be little change one way or the other.

LDS Liberal
Farmington, UT

Conservatives hate good news.
They want America to fail, so Obama appears to fail.

They'll be trash talking every bit of America's good news for another 4 years.

It's what keeps their mentors and heros Limbaugh, Hannity and Beck - $Billionaires.

LDS Liberal
Farmington, UT

In other news --
The Communist Chinese are getting yet another raise.

So today -
Apple announced that it will begin "in-sourcing" high-tech production of it's Macs to the United States in 2013.

Gotta love it.
Out-sourcing during Bush years ,
In-sourcing with Obama, just like he promised.

But - Political hacks will STILL not like it.
Party Politics supercede America in general.

DN Subscriber 2

These favorable reports demand a bit of analysis:
By decreasing the number of people in the work force, the percentage of unemployed was made to be lower.

Which begs for recalling some famous quotations

"Figures don't lie, but liars figure."

"You can fool some of the people some of the time, and all of the people some of the time, but you cannot fool all of the people all of the time."

"There is a sucker born every minute."

Thus concludes today's lesson in Obamanomics.

Salt Lake City, UT

@worf and curious george
You mentioned the holiday season, which is a good point except that the unemployment rate is already a seasonally adjusted statistic so that's factored into it.

LDS Liberal
Farmington, UT

I heard the CEO of Northrup Grumman say the other day that his company can not even begin to start hiring due the Congressional Fiscal Cliff.

So -
If Republicans really wanted to put people back to work, in GOOD paying jobs - Get to it!
Stop obstructing, and quit holding America hostage!

Casa Grande, AZ

HAHA FT, "The Romney recovery is taking hold." funny

I bet that's awkward around the Romney dinner table. "So the economy is picking up." "Shut up."

Belching Cow
Sandy, UT

LOL! Reality will settle in soon enough. I think I'll bookmark this story to come back to for a laugh when things hit the fan.

Deep Space 9, Ut

The ironic thing is that the people who cheer this don't bother to look at the BLS statistics that show that the labor participation rate dropped by .2% from October to November, and that the labor participation rate has been dropping ever since Obama took office.

So lets cheer that the Obama economy lowers unemployment rates by getting people to quit looking for work!!! Yea, lets kick out more people from the workforce, eventually we will have an unemployment rate of 0%. Just look at how well Obama is doing this. When Obama took office we had 65.7% participation in labor, and now we are at 63.6% Another 4 year we will be back to Bush level unemployment rates, and Carter era participation rates!!

lost in DC
West Jordan, UT

Gallup reported LESS people are working full time for an employer in November 2012 than the same period in each of the prior two years. So the question is, what KIND of jobs have we seen and are people really better off?

No BO’s plan is not working – he HAS no plan other the punitive tax rates which Boehner is holding off, and other methods of wealth redistribution. Any improvement in the economy is IN SPITE of BO, not because of him.

What specifically has BO done to help the economy? Less than 5% of the porkulus had been spent when the recession ended 2Q 2009, so it CLEARLY was NOT the porkulus. What specifically has BO done? Screwdriver? LDS lib? FT?

LDS lib,
We want BO to fail, so America will succeed. If BO were not holding middle class tax cuts hostage, there may be some progress on the fiscal talks. But BO is recalcitrant.

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