Republicans were counting on a bad jobs report: It must suck to be them today

September 6, 2012
By

Republicans were geared up, hoping on a bad jobs market report this month in order to give the Romney/Ryan campaign a boost — to spotlight President Obama as a failure. Well, it didn’t work out the way they had hoped. According to the Associated Press, fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment.

Sniff. I wanted America to fail.

 

 

 

 

 

 

 

 

 

 

 

Weekly applications for unemployment benefits fell by 12,000 to a seasonally adjusted 365,000, the Labor Department said Thursday. The four-week average, a less volatile measure, ticked up to 371,250.

Unemployment benefit applications are a measure of the pace of layoffs. When they consistently fall below 375,000, it suggests that hiring is strong enough to lower the unemployment rate.

Serious optimism is prevailing in the market, showing a significant uptick in signs of improvement in the economy. The expected number of added private-sector jobs in August was surpassed.

Via Reuters:

Private employers added a stronger-than-expected 201,000 jobs in August and new claims for jobless benefits fell last week to the lowest level in a month, upbeat signals for a struggling labor market.

Newt Gingrich previously stated on Meet the Press:

I think the biggest event won’t be his speech Thursday. It’ll be the Friday morning jobs report. If that Friday morning jobs report is bad, it’ll drown his speech. You want to talk about Eastwood? Friday morning jobs report is a lot bigger event next week than Eastwood was this week.

Wanting the country to fail in order to make ‘your guy’ look good, never works in your best interest — or America’s.

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  • Shirley Zarnick

    Tim do your arithmetic, think you just flunked.. Your figures do not jive :)

  • tim

    so….ever quickdraw much? How’s that stellar jobs report looking now? You know, the one where 4 people dropped out of the workforce for every 1 who got a new job. Or the one where 10% of all new jobs in august were utility workers coming back from a strike. Or, to quote your expected stat – growth was over 2x lower than predicted, and previous months were also revised significantly lower.

    But it’s alllll still Bush’s fault…. dont let the stats hit you on the way out.

  • Velvet Denney

    It’s got to go down, unemployment sign ups. Everybody’s run out of their benefits.

  • http://www.facebook.com/profile.php?id=1304325754 James Scheurman

    The good news is if they add enough net jobs, according to CNN, they will break even after four years. What an accomplishment, NOT.

  • http://www.facebook.com/robin.peacock Robin Peacock

    Gingrich is a traitor amongst many. The penalty for treason is, painful…

  • chaz33

    Can’t tell if Mewt’s are tears of joy, or, if he’s about to bust one of his guts. Okay, this is an easy one: If most of the jobs are for Black kids doing the janitorial thing after school, then, they’re for joy. If on the other hand the jobs are private sector and without regards to race or unlimited pay, then get your pans ready to make hoghead cheese; it’s a gut!

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