Obama says U.S. not in a jobless recovery

[The Northerner]

Source: Reuters

WASHINGTON (Reuters) – President Barack Obama said on Monday the United States must accelerate job growth, but he said the country was not experiencing a "jobless recovery" as it pulled out of a recession.

"We've seen eight months in a row of private-sector job growth. We're actually seeing more job growth so far in this recovery than we did in the last recovery that we had back in 2001," Obama said during an interview on NBC television.

"The problem is we just lost so many jobs because of the crisis that we've got a much bigger hole to fill, and that means we're going to have to accelerate job growth and we've got to do everything we can to focus on that."

(Reporting by Jeff Mason; editing by Mohammad Zargham)

Read more: http://news.yahoo.com/s/nm/us_economy_obama

[pasto76]

1. eh, maybe some rhetoric for the election cycle.

Ironworking is still dismal here in CO

[ixion]

2. ...

:eyes:

[TygrBright]

3. He's right, you know. We're in a jobless NON-recovery. n/t

[Downwinder]

4. Thats true.

Since January, California farmers have posted ads for 1,160 farmworker positions open to U.S. citizens and legal residents seeking work.

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/27/financial/f063017D17.DTL&tsp=1

[jtuck004]

5. Less rationalization, excuses. More jobs. n/t

[young but wise]

6. The truth.

[EC]

7. This is true

if you look at the job creation of * - it never kept up with the new population entering the job market...he created less jobs in his 8 years then have been created by Obama in almost 2 years...

[NickB79]

8. Job creation still isn't keeping up with population growth, though

We need 160,000 jobs per month to just break even. We haven't seen that yet, even under Obama.

[L.Torsalo]

9. We lost

215 million jobs worldwide...around a billion people immediately affected.

[Qutzupalotl]

10. Be sure to include "private sector" when describing those jobs.

Bush had more jobs overall in 8 years, but most of those were in government or as government contractors. That kept the unemployment rate relatively low. But private sector growth is a better measure of the true state of the economy, and it is true that Obama has created more private-sector jobs in two years than Bush created in 8.

[flyarm]

11. damn I just spit my coffee all over the keyboard! Someone wake me whan this nightmare is over!

good golly..as Gomer Pyle would have said.......

[bvar22]

12. And people say Obama doesn't have a Magic Wand!

POOF!!!
Just like that!

[Hawkowl]

17. More like a magic pipe

The President must be high.

[JoeyTrib]

13. "The recession is over"

:rofl:

[girl gone mad]

14. He hasn't done everything he can, and I haven't seen any indication..

that they plan on doing more in the future. The fact that he's hyping some bogus statistic as proof of economic recovery gives me no comfort.

This anemic growth is what he's touting, btw:

[defendandprotect]

15. We've lost jobs because of the trade agreements -- 500,000/700,000 per month sucked out of US!!

[Techn0Girl]

16. These 240,000 people who will be out of work this Friday might disagree....

http://www.huffingtonpost.com/2010/09/27/demise-of-welfaretowork-p_n_740893.html

'Ya Think?

[Techn0Girl]

18. ""We've seen eight months in a row of private-sector job growth"

Obama must not have read this SF Gate article:
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2010/09/21/national/w080556D18.DTL&feed=rss.news

"Overall, the economy lost a net total of 54,000 positions last month and the unemployment rate ticked up to 9.6 percent from 9.5 percent. Private employers added a net total of only 67,000 jobs."

Or read the Bureau of Labor Statistics Report on Sep 21:

that shows jobs were LOST from July to August of this year.

http://www.bls.gov/news.release/laus.nr0.htm

Table C. States with statistically significant employment changes from
July 2010 to August 2010, seasonally adjusted

--------------------------------------------------------------------------
| July | August | Over-the-month
State | 2010 | 2010(p) | change(p)
--------------------------------------------------------------------------
Alaska........................| 326,700 | 318,300 | -8,400
Arkansas......................| 1,171,500 | 1,160,600 | -10,900
California....................| 13,861,500 | 13,827,900 | -33,600
Colorado......................| 2,203,000 | 2,194,400 | -8,600
District of Columbia..........| 724,800 | 705,000 | -19,800
Hawaii........................| 592,800 | 586,500 | -6,300
Idaho.........................| 608,300 | 603,000 | -5,300
Maine.........................| 593,800 | 589,400 | -4,400
Michigan......................| 3,881,300 | 3,831,000 | -50,300
New Mexico....................| 802,600 | 798,200 | -4,400
| | |
North Carolina................| 3,893,900 | 3,912,500 | 18,600
Pennsylvania..................| 5,609,300 | 5,592,400 | -16,900
Texas.........................| 10,390,400 | 10,356,200 | -34,200
Washington....................| 2,806,900 | 2,797,600 | -9,300
--------------------------------------------------------------------------
p = preliminary.