As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.
And as always, GOP obstructionism and their irrational push for austerity are preventing the unemployment rate from dropping.
As Paddy posted earlier, the Dow climbed above 14,000 for first time since Great Recession and the U.S. added 157,000 jobs in January, with unemployment at 7.9%.
Did I mention Fox Biz sent me an email alert that had this in the subject line?
Steve Benen at The Maddow Blog has more, but here are the bones:
The unemployment rate was effectively unchanged at 7.9%, and as is often the case, austerity measures undermined the employment landscape — while America’s private sector added 166,000 jobs in December, the public sector lost 9,000 jobs. Indeed, over the last three months, the nation’s private sector added 624,000 jobs, while 24,000 government jobs were lost.
It’d be easy for Washington to improve the latter number and lower the unemployment rate, but congressional Republicans won’t allow it. [...]
…2.17 million jobs were created just last year, which is the best annual total since 2005, and tops seven of the eight years Bush/Cheney was in office. [Update: You'll want to check this out.]
Key words: “Jobs created.” Millions of ‘em.
Blame Obama, that unAmerican radical socialist.