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Entries in Jobs Report (10)

Friday
Jul052013

White House: Jobs Report Confirms Continued Economic Recovery

Comstock/Thinkstock(WASHINGTON) -- Friday's jobs report showed that U.S. employers added nearly 200,000 jobs in the past month, gains that the White House calls proof of the continuing recovery from the recession that began in 2007.

In a statement on Friday, the Chairman of the Council of Economic Advisors, Alan B. Krueger, said that the most recent report is "further confirmation that the U.S. economy is continuing to recover from the worst downturn since the Great Depression."

While the overall unemployment rate remained stuck at 7.6 percent, the rate of participation in the labor force rose by 0.1 percent.

The White House stressed that there is still work to be done, but that the 5.3 million jobs added since June 2009 is evidence that the economic recovery is continuing to gain traction. The economy has added private sector jobs for 40 consecutive months, with 7.2 million jobs added in that span.

Copyright 2013 ABC News Radio

Friday
Nov022012

Biden Highlights Jobs Report, Criticizes GOP over Auto Industry

Scott Olson/Getty Images(BELOIT, Wis.) – Speaking less than half an hour away from Rep. Paul Ryan’s hometown of Janesville, Vice President Joe Biden lauded Friday’s jobs report and highlighted that the GOP vice presidential nominee won’t acknowledge the Obama administration’s role in saving the auto industry.
 
“We've made real progress. We've created 5.4 million new private sector jobs. Look and today, today we learned that companies in America hired more workers in October than any time in the last eight months. Housing starts, housing starts at the highest level since July of ‘08. Exports are up 41 percent, 500,000 new manufacturing jobs since 2010. Three million more working class families' children in college today because of Pell grants,” Biden said.
 
“I know the guy next door doesn't recognize it, but we actually did rescue the automobile industry and saved a million jobs, a million jobs saved and 200,000 new jobs continuing to expand,” he added.
 
Democrats have hammered away at Mitt Romney over the past week for a misleading ad suggesting the president allowed Jeep to move jobs to China, and the vice president suggested Friday that the Italian government, along with two major U.S. automobile industries have scolded Romney for airing the untruthful spot.
 
“Even the Italian government took issue with this.  No, I’m serious.  They were offended.  Like, what’s he have against Italians?” Biden said.
 
But while GM and Chrysler have rebuked the GOP nominee for the ad, the Italian government has not issued a statement criticizing Romney as the vice president said.
 
Biden drew on his normal critiques of Romney on foreign policy, women’s issues and offering tax breaks to the wealthy, but he slipped up when citing just how much the GOP nominee made last year, a mix-up the vice president attributed to his “middle class roots."
 
“Remember when he was asked on 60 minutes, he was asked do you think it’s fair that you make $20,000 last year” Biden said before people in the crowd shouted “million! 20 Million!”
 
The vice president then made the sign of the cross and said, “I guess my middle class roots are showing.  20 million it’s hard to even think about that.  The town I lived in didn’t make 20 million.”
 
Biden is on his last trip to Wisconsin this election cycle, a state he’s visited consistently since Ryan was selected as Romney’s running mate.  The vice president told the Wisconsin crowd that he spoke with the president last night, and a man in the crowd shouted out a message for the president.
 
“Tell him we love him!” one man shouted.
 
“I love him too.  I love him too,” Biden said.  “I tell you what, there’s never been a day in the last four years I haven’t been proud to be his vice president, not one single day.”

Copyright 2012 ABC News Radio

Friday
Sep072012

Campaigning for Re-Election Is ‘Not Fun,’ Analyst Says

Tom Pennington/Getty Images(CHARLOTTE, N.C.) -- After the speeches, flying confetti and dancing delegates of the Democratic National Convention fade, the fun is over for the Obama campaign, ABC’s political analyst Matt Dowd said Thursday on the ABC/Yahoo convention live show.

“Campaigning for a re-election is not as fun.  It becomes work,” Dowd said.  “Keeping the hill is a lot harder and a lot different emotion than taking the hill.”

How difficult it is for the president to maintain his spot at the top could be influenced, in large part, by the latest jobs report, which will be released Friday morning, just hours after President Obama delivered his convention acceptance speech.

Whether that report shows improvement in the unemployment rate or more stagnation could make the difference between a sustained bump in the polls for the president or a flat line response to his convention hype, Dowd said.

“That jobs report could put water in the gas tank that they’ve revved up,” Dowd told ABC’s Amy Walter and Rick Klein during the Democratic Convention show.

If the economy added less than 100,000 jobs, Dowd said the report “could completely dampen what has happened over the past few days” at the convention.  But if that report shows significant progress, adding 200,000 jobs, Dowd said it could have an impact on the election, propelling Obama to maintain any bump in the polls stemming from his party’s three-day rally in Charlotte, N.C.

“If they don’t get a bounce [in the polls] that’s problematic for them,” Dowd said.  “The question is how sustainable is it?”

Copyright 2012 ABC News Radio

Friday
Jul062012

Romney: Jobs Numbers a 'Kick in the Gut'

Mario Tama/Getty Images(WOLFEBORO, N.H.) -- Taking an unscheduled break from his week-long vacation in New Hampshire, Mitt Romney told reporters on Friday that a lackluster U.S. job growth report for June was “another kick in the gut to middle class families.”

Romney said a stagnant 8.2 percent unemployment rate was “unacceptably high” and argued the president can’t fix the situation.

“The president doesn’t have a plan, hasn’t proposed any new ideas to get the economy going just the same old ideas of the past that have failed,” said Romney, standing with lawn-mowers and metal garbage cans on shelves behind him in the garage of Bradley’s Hardware in the resort town of Wolfeboro.

“I have a plan,” said Romney, ticking off portions of his 59-point economic plan.  He mentioned proposals to capitalize on energy resources in America, opening new trade agreements and cutting regulations.

But Romney was pressed to respond to conservative critics like the editorial page of the Wall Street Journal, which recently accused Romney of playing it too safe and not offering his own specific solutions to the fix economy.

“I don’t say much to critics,” Romney responded.  “I put out 59 steps on how I’d get the economy going and I don’t think I’ve seen any from the president that show what he’s planning on doing.  I’ve laid out my 59 steps take a look at them, I think you’ll find them very specific.”

The appearance at the hardware store was Romney’s first formal press conference since late May, when he took questions from reporters in California.  It came in the middle of a vacation where Romney has spent time with his entire family -- including his five sons, their wives and his 18 grandchildren.

Asked whether it’s hypocritical for him to be vacationing while the economy is still struggling -- being that his own campaign staffers often criticize President Obama’s penchant for golfing -- Romney said he is happy to be able to spend time with his family and wants the same for other Americans.

“You know I’m delighted to be able to take a vacation with my family I think all Americas appreciate the memories they have with their children and their grandchildren I hope more Americans are able to take vacations,” said Romney.  “And if I’m president of the United States I’m going to work very hard to make sure we have good jobs for all Americans who want good jobs and as part of a good job the capacity to take a vacation now and then with their loved ones.”

Copyright 2012 ABC News Radio

Friday
Jul062012

White House Says Employment Not Growing Fast Enough

Andrew Harrer/Bloomberg via Getty Image(WASHINGTON) -- Reacting to Friday morning’s jobs report, the White House said the economy is continuing to heal, but that “much more remains to be done to repair the damage from the financial crisis.”

“It is critical that we continue the policies that build an economy that works for the middle class and makes us stronger and more secure as we dig our way out of the deep hole that was caused by the severe recession,” Chairman of the Council of Economic Advisers Alan Krueger said in a written statement.

“There are no quick fixes to the problems we face that were more than a decade in the making. President Obama has proposals to create jobs by ending tax breaks for companies to ship jobs overseas and supporting state and local governments to prevent layoffs and rehire hundreds of thousands of teachers,” he said.

The economy added 80,000 jobs in June -- fewer than expected -- and the unemployment rate remained unchanged at 8.2 percent, the Labor Department announced Friday morning.

The news comes as the president is campaigning in Ohio and Pennsylvania, touting his economic agenda and the comeback of the auto industry.

Krueger emphasized that the economy has added private sector jobs for 28 straight months and highlighted growth in the manufacturing sector, which added 11,000 jobs last month.

“Employment is growing but it is not growing fast enough given the jobs deficit caused by the deep recession,” he said.

As it does every month, the White House noted the unemployment figures can be volatile and that “it is important not to read too much into any one monthly report.”

Copyright 2012 ABC News Radio

Friday
Jun012012

White House on Jobs Report: Problems 'Will Not Be Solved Overnight'

Alex Wong/Getty Images(WASHINGTON) -- In its first reaction to Friday morning’s disappointing jobs report, the White House said the nation is still fighting back from the recession and that the “problems in the job market were long in the making and will not be solved overnight.”

“There is much more work that remains to be done to repair the damage caused by the financial crisis and deep recession that began at the end of 2007,” Alan Krueger, chairman of the Council of Economic Advisers, wrote in a White House blog.

“Just like last year at this time, our economy is facing serious headwinds, including the crisis in Europe and a spike in gas prices that hit American families’ finances over the past months.  It is critical that we continue the President’s economic policies that are helping us dig our way out of the deep hole that was caused by the severe recession,” Krueger added, pointing to the president’s legislative “to-do list” for Congress to boost the economy, which he will be promoting Friday in Minneapolis.

The economy added just 69,000 jobs last month -- below expectations of 150,000 -- and the unemployment rate ticked up to 8.2 percent, the Labor Department announced Friday morning.  

Krueger points to manufacturing, education and health services, along with transportation and warehousing as examples of areas where employment continues to expand.

As it does every month, the White House stresses that the monthly figures can be “volatile” and that “it is important not to read too much into any one monthly report.”

Meanwhile, Mitt Romney chimed in on the latest jobs report Friday morning, saying the weak numbers are one reason why he's running for president.

"Slowing GDP growth, plunging consumer confidence, an increase in unemployment claims, and now another dismal jobs report all stand as a harsh indictment of the President’s handling of the economy.  It is now clear to everyone that President Obama’s policies have failed to achieve their goals and that the Obama economy is crushing America’s middle class. The President's re-election slogan may be 'forward,' but it seems like we've been moving backward," he said in a statement.

Copyright 2012 ABC News Radio

Friday
Apr062012

Jobs Report ‘Further Evidence’ of Recovery, White House Says

Comstock Images/Thinkstock(WASHINGTON) -- In its first reaction to Friday morning’s March jobs report, the White House said the latest figures are “further evidence that the economy is continuing to recover,” but that there’s more work to be done.

“It is critical that we continue to make smart investments that strengthen our economy and lay a foundation for long-term middle class job growth so we can continue to dig our way out of the deep hole that was caused by the severe recession that began at the end of 2007,” Chairman of the Council of Economic Advisers Alan Krueger wrote in a White House blog.

The U.S. economy created 120,000 jobs in March and the unemployment rate ticked down to 8.2 percent, the Labor Department announced on Friday.

“Despite adverse shocks that have created headwinds for economic growth, including weak construction investment, the economy has added private sector jobs for 25 straight months, for a total of 4.1 million jobs over that period,” Krueger noted.

As they do every month, the White House stressed “the monthly employment and unemployment figures can be volatile” and that “it is important not to read too much into any one monthly report.”

Copyright 2012 ABC News Radio

Saturday
Jul092011

Jobs Report Brings Pain and Blame

Comstock/Thinkstock(WASHINGTON, D.C.) -- With the latest jobs report showing that the economy gained only 18,000 jobs in June, while 200,000 people joined the unemployment lines, politicians, economists and job seekers are feeling the pain of the slow economy.

"I felt it in my gut," Mesirow Financial chief economist Diane Swonk said. "It was absolutely an incredible disappointment. This is a stage in the game where we should be seeing jobs picking up at 200,000 pace."

While Washington is one factor in the slow growth, another part of the explanation for people in Viola's situation has to do with employers who say they are afraid to hire in the environment of slow job growth.

As job seekers and business owners are discouraged by the report, many politicians in Washington took to the podium to decry the slow growth.

President Obama said the economy isn't producing as many jobs as are needed and called on Congress to seek compromise on issues like the debt ceiling and deficit, saying in his weekly address "the last thing we can afford is the usual partisan game-playing in Washington."

Some of the issues the administration has pointed to as issues that Congress can address, as it remains at a standstill on the debt ceiling and deficit, are infrastructure spending, extending the payroll tax cut and approving trade agreements.

Copyright 2011 ABC News Radio

Friday
Jul082011

Obama Says Debt Debate Contributing to Dismal Job Growth

President Barack Obama talks with members of his staff in the Oval Office following a meeting with the Congressional Leadership, July 7, 2011. Pictured with the President, from left, are: Chief of Staff Bill Daley; Rob Nabors, Assistant to the President for Legislative Affairs; Bruce Reed, Chief of Staff to the Vice President; National Economic Council Director Gene Sperling; Jason Furman, Principal Deputy Director of the National Economic Council; Office of Management and Budget Director Jack Lew; Senior Advisor David Plouffe; and Treasury Secretary Timothy Geithner. (Official White House Photo by Pete Souza)(WASHINGTON) -- Reacting to Friday morning’s dismal jobs report, President Obama said that uncertainty in the debate over the deficit is contributing to slow economic growth and the nation’s rising unemployment rate.

“The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that they will need in order to make additional investments to grow and to hire, and will provide more confidence to the rest of the world as well so that they are committed to investing in America,” the President said in his remarks Friday morning in the Rose Garden.

Despite economists’ predictions that upwards of 100,000 new jobs would be created last month, the economy added just 18,000 jobs in June and the unemployment rate rose to 9.2 percent.

“Our economy as a whole just isn't producing nearly enough jobs for everybody who's looking. We've always known that we'd have ups and downs on our way back from this recession, and over the past few months, the economy has experienced some tough headwinds, from natural disasters, to spikes in gas prices, to state and local budget cuts that have cost tens of thousands of cops and firefighters and teachers their jobs,” Obama said.

The president urged Congress again to pass legislation that he said would create jobs, including investments in infrastructure, passing free trade deals and extending the payroll tax cuts he passed in December.

"All of them have bipartisan support.  All of them could pass immediately.  And I urge Congress not to wait," he said.

Obama said that Friday’s report confirmed what most Americans already know. “We still have a long way to go and a lot of work to do to give people the security and opportunity that they deserve,” he said.

The President also referenced the daily letters he receives from Americans. “I read letter after letter from folks hit hard by this economy … They feel that leaders on Wall Street and in Washington -- and believe me, no party is exempt -- have let them down, and they wonder if their efforts will ever be reciprocated by their leaders. They also make sure to point out how much pride and faith they have in this country that as hard as things might be today, they're positive that things can get better.  And I believe that we can make things better.  How we respond is up to us,” he said.

Copyright ABC News Radio

Friday
Jul082011

Austan Goolsbee: Unemployment Rate 'Remains Unacceptably High'

ABC News(WASHINGTON) -- In the first reaction from the White House to Friday morning’s dismal jobs report, Chairman of the Council of Economic Advisers Austan Goolsbee says the country’s 9.2 percent unemployment rate “remains unacceptably high and faster growth is needed to replace the jobs lost in the downturn.”

Despite the fact that the economy added just 18,000 jobs last month, Goolsbee touts growth in the private sector and attributes the slow economic recovery to “headwinds” faced earlier this year.

“Today’s employment report shows that private sector payrolls increased by 57,000 in June and the unemployment rate ticked up to 9.2 percent.  While the private sector has added 2.2 million jobs over the past 16 months, this month’s report reflects the recent slowdown of economic growth due to headwinds faced in the first half of this year,” he writes in a White House blog.

Goolsbee stresses that “it is important not to read too much into any one monthly report.”

“The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision,” he writes.

With the Aug. 2 deadline to raise the nation’s $14.3 trillion debt ceiling fast approaching, Goolsbee says the latest figures highlight “the need for a balanced approach to deficit reduction that instills confidence and allows us to live within our means without shortchanging future growth.”

“Today’s report underscores the need for bipartisan action to help the private sector and the economy grow -- such as measures to extend the payroll tax cut, pass the pending free trade agreements, and create an infrastructure bank to help put Americans back to work,” he writes.

Copyright 2011 ABC News Radio







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