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News & Politics News & Politics

BREAKING: January Jobs Report Released Day After Obama Shuts Down Jobs Council

Posted by on Feb. 1, 2013 at 11:26 PM
  • 6 Replies
 BREAKING: January Jobs Report Released Day After Obama Shuts Down Jobs Council
 FEBRUARY 1, 2013 9:30 AM

surfer

"My administration will not rest until every American who is able, and ready and willing to work can find a job. And a job that pays a decent wage and has decent benefits to support a family." - President Obama, 2010

January saw an addition of 157,000 jobs while the unemployment edged higher to 7.9 percent (from 7.8 percent last month). As CNBC put it, this news is "unlikely to alter the Federal Reserve's monetary policy or instill confidence that the recovery is gaining steam."

  • Total unemployed - 12.3 million (12.2 million last month)
  • Black unemployment - 13.8 percent (14.0 last month)
  • Adult Female unemployment - 7.3 percent (unchanged)
  • Adult Male unemployment - 7.3 percent (7.2 last month)
  • Civilian labor force participation rate - 63.6 percent (unchanged)

"I will not rest until businesses are investing again and businesses are hiring again and people have work again." - President Obama, 2009

The U-6 unemployment rate, a much more encompassing figure than the U-3 rate (7.9 percent), that accounts for underemployed persons and discouraged workers remained unchanged at 14.4 percent. Just as a reminder, the U-6 rate stood at 14.2 percent as of January 2009, when the president took office.

[Click HERE to read about how Obama has put his Jobs Council (that he hasn't met since January of 2012) to rest for good]

This is good news in many ways; we added 157,000 jobs. But this is barely enough to keep up with population growth. Reuters points out that our economy needs to see growth of about 250,000 jobs a month over a sustained period of time - much more than the average 181,000 jobs added per month we saw in 2012.

by on Feb. 1, 2013 at 11:26 PM
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Replies (1-6):
pvtjokerus
by Gold Member on Feb. 2, 2013 at 6:12 PM
1 mom liked this

Yep.......And the job council did not meet for over a year.....

jcrew6
by Jenney on Feb. 2, 2013 at 10:53 PM
1 mom liked this

Ahhh yes, the 'Jobs Council'~ another Obama failure

Citygirlk
by on Feb. 3, 2013 at 12:40 AM

Where's that Latino umemployment rate and the asain unemployment rate?

gsprofval
by Gold Member on Feb. 3, 2013 at 12:41 AM

Ah, yes! Another bho lie!

29again
by Gold Member on Feb. 3, 2013 at 12:50 AM
1 mom liked this

I think the Jobs Council was a farce.  It didn't really exist.  We just thought it did, because we wanted to think that our leader was really trying to DO something positive about the unemployment in this country.

SallyMJ
by Ruby Member on Feb. 3, 2013 at 1:21 AM
2 moms liked this

I think Obama DID rest - even though he said he wouldn't - before people have work again.

The secret is GROWING the economy, not destroying it. It's an amazing truth that a growing economy produces more jobs than a contracting one.

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