We’re sure they made The Mittster and his boys want to cry. On the other hand they probably made President Obama and crew shed a tear as well. In fact several tears. Tears of Joy!
However, they’re not going too overboard. At least not publicly, according to this report from Yahoo News’ The Ticket.
The White House cautiously welcomed news Friday that the unemployment rate fell from 8.1 percent to 7.8 percent in September as vindication of President Barack Obama’s policies—but emphasized that there is more to do to sweeten the sour economy.
“While there is more work that remains to be done, today’s employment report [from the Labor Department] provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression,” the chairman of Obama’s Council of Economic Advisors, Alan Krueger, said in a White House blog post. His comments were the Administration’s first response to the jobs report.
“It is critical that we continue the policies that are building an economy that works for the middle class as we dig our way out of the deep hole that was caused by the severe recession that began in December 2007,” Krueger wrote.
The unemployment rate has now slipped below 8 percent for the first time in about four years. The number of jobless Americans fell to 12.1 million, the fewest since January 2009, when Obama took office.
The economy created 114,000 jobs in September, said the department, which also revised upward the number of jobs added in July and August by 86,000. The figures paint a picture of a still-weak recovery from the global economic meltdown of 2007-2008, with stubbornly high unemployment and continued woes in the housing sector. And while Democrats highlighted that the economy was losing hundreds of thousands of jobs per month when Obama took office, Republicans, led by presidential nominee Mitt Romney, highlighted anemic growth.
Of course Mitt Romney has no choice but to throw shade on an other wise optimistic report:
“This is not what a real recovery looks like,” Romney said in a written statement on Friday. “We created fewer jobs in September than in August, and fewer jobs in August than in July, and we’ve lost over 600,000 manufacturing jobs since President Obama took office. … The choice in this election is clear. Under President Obama, we’ll get another four years like the last four years. If I’m elected, we will have a real recovery.”
Yeah Mitt. Whatever. Read/learn more at The Ticket.