Another dismal economic performance for the wonderful job Oblunder is doing. Until he can put in place policies to generate 225K additional jobs per month the job market cannot keep up with people needing jobs. Of course Oblunder will spew on about the unemployement rate improving but that is just because people have dropped out of the job market. The labor participation rate is the lowest in 40 years.
You will have to thank the slow job growth to the obstructionists ... Pass the Senate bill on tax cut extensions for the middle class already. They are flocking with 98% of the citizens to protect the very few oligarchs who had done more damage than good since 2002/2003 Bush tax cuts.
“Super storm Sandy wreaked havoc on the job market in November, slicing an estimated 86,000 jobs from payrolls. The manufacturing, retailing, leisure and hospitality, and temporary help industries were hit particularly hard by the storm. Abstracting from the storm, the job market turned in a good performance during the month.”
Private-sector employment increased by 118,000 from October to November, on a seasonally adjusted basis. (The estimated gain from September to October was revised down slightly from the initial estimate of 158,000, to 157,000).
Small businesses (1-49 employees) +19,000
Medium businesses (50-499 employees) +33,000
Large businesses (500 or more employees) +66,000