As of now, I am in control here, in the White House

Obama Gets a Disastrous Jobs Report

The Labor Department just reported that payrolls rose by 115,000 workers in April, a shockingly low number that signals continued serious economic weakness.

Economists had expected about 170,000 workers to be hired, an amount that itself would have done little more than kept the economy on pace for sluggish growth.

With the number coming in at only 115,000 – the smallest amount in six months – it appears the unemployment rate may be eventually headed back up and the slow 2.2 percent growth of the first quarter 2012 may be imperilled.

The rate declined for now to 8.1 percent, but that was at least partly because 342,000 people left the workforce. Normally the economy needs to create about 150,000 jobs a month to keep unemployment from rising. The decline in unemployment may also reflect that March hiring was revised upward from 120,000 to 154,000, while February’s was revised up to 259,000 from 240,000.

But the trend is clearly downward. This is a huge setback for the president, and if things don’t improve soon, a very bad omen for his reelection prospects. They’ll spin the 8.1 percent number at the White House, but they know they have a problem.

At this point in a recovery, the economy should be pumping out jobs. Something is very wrong, and the president, who today will be speaking in Virginia about relative trivia like the student loan rate, has no idea what to do about it.

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47 Responses to Obama Gets a Disastrous Jobs Report

  1. But, but, but – didn’t you see that the unemployment rate went down to 8.1%? Hmmm, wonder if that has anything to do with all the people electing to take Social Security when they turn 62 rather than continue their job search and the number of people who have used up all their unemployment benefits and are no longer counted in the official number, even though they are still unemployed and actively seeking work.

    Don’t worry, the MSM shills will find the rainbow in this storm.

  2. Maybe that can make him shut up about his ” heroic ” OBL killing. Even the more gullible in his audience are hopefully not distracted by his storytelling anylonger. Please Romney, attack him on this !

  3. “and the president, …has no idea what to do about it.”

    He doesn’t’ have to. Our “free press” has given up their freedom and obligation to report in exchange for sitting at the racist-free cool kids table. -And don’t’ kid yourselves, race is all this presidency is about anymore. Here’s just one example of covering:

    “IS MODERATE GROWTH GOOD FOR THE ECONOMY?”

    http://www.npr.org/2012/04/27/151456319/is-moderate-growth-good-for-the-economy

    (full disclosure: I am a content contributor to npr.com.)

    • I noticed that story the other day. They will do anything to make this into a positive.

      Remember early on we were getting articles about how unemployment was getting parents in touch with their kids? Giving them time to peruse their dreams?

      And, of course, under Bush, the low unemployment numbers were said- at the time – to be “bad, poorly paying” jobs.

    • re: “moderate growth” piece
      There is a descripive phrase that my dear Father used to describe people who reasoned like the commenters in that piece, but it’s not fit for this blog. Really? using the Great Depression as a reference to what’s going on today is like comparing apples to car tires; in the 30’s there was no unemployment insurance, no food stamps, no welfare, no Medicaide, nothing that resembled the safety nets that government provides today for the non-working poor.

      25 million unemployed and, 50 million collecting food stamps and 100K jobs provided a month is not “moderate growth”, it’s a disasterous economy.

  4. Somehow I still think the 115,000 number is inflated. The job market is awful and don’t look to get better anytime soon.

  5. MrObama lives in the bubble of federal prosperity and mingles with those who have enough disposable income to pay 40K for the privilege of being in the same room as the POTUS. He talks to college students, to auto workers and his inner circle, but none of them have any idea of what’s happened to fly-over country.

    Early retirement and a major spike in the rolls of SocialSecurityDisablility, the tens of millions of Americans collecting food stamps to survive, and we have a society that only has enough income for the basic necessities.
    While the President drones on about college tuition costs, or the DREAM act his minions are contributing to the doom&gloom economy by issuing more and more business regulations or taxes or restrictions.

  6. What are you talking about, Keith? I just heard John Dingell BRAG about the number on the Paul W. Smith show (WJR – Detroit). This is- apparently – great news and a sign that we’re in a recovery. Stop being a h8ter. Dingell just filed for re-election.

    Vote for Dingell 2012 – in office since 1955!!! Impressive, no?

    • I’d like to note that this post about Dingell was not my post. I think there’s something wonky with the message board.

    • John Dingell is still kicking? Reminds me of Byrd. The Senate Democrats rolled the drooling imbecile in and out of the chamber and pretended he had a clue what he was voting for. Guess Dingell is going for that record in the House. These curmudgeons are poster children for term limits.

  7. Only 64.3% in the labor force now. This is a new 30 year low and steepest decline since Obama became Preezy, in 2009. But don’t worry. The unemployment rate will be quite low by November. Whether they have to fudge unemployment numbers or get the MSM to make fake reports, all will be right with the world in time for the election.

  8. Everyone make sure to check that it’s your name and e-mail in the boxes before posting. For some reason, the board fills in the data of the last person to post.

  9. Keith,

    I would recommend reading zerohedge for analysis when economic news comes out. They always focus on the negative, but it is good to get the whole story behind the numbers rather than media spin for those of us who aren’t economists. The reason the unemployment rate is going down is huge numbers of people are leaving the labor force. We don’t know where they are all going, but it is some combination of welfare, disability, retirement or working under the table.

  10. http://www.zerohedge.com/

    it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%.

    • Keith, if it helps, I noticed it earlier this week (Wednesday, I think). Also, and I think I have this correct, when I posted the first comment this morning, I had to enter my name and e-mail because those fields waere blank. When I replied to Car In’s comment above, his/her info was in the fields and I manually changed that. When I clicked reply on this comment, my name and e-mail were in the fields. Not sure if that helps or not, but as an analyst, I know that knowing what steps people take/performed can help with problem resolution.

  11. Hi, It’s me gracepmc, unless I get to be somebody else when this posts. I don’t mind since you guys are pretty smart. :) Anyway, maybe I am just creeped out by the whole Julia thing. But something is seriously wrong with the direction of this country. Many of us have tried to figure it out. Consider this article http://freebeacon.com/generalissimo-obama/ Isn’t there some book out there called Stranger in a Strange Land or something? That’s the way it’s beginning to feel. I mention this here because it’s confusing about the economy — it’s like the nation is scratching it’s collective head saying “Let’s stop and figure out what’s going on before we go “forward”. Dead Stop.

    • The democrats cannot let go of the idea that their socialist/Keynesian ideas are a fail. They are going to keep dragging this experiment out no matter what.

      I don’t know what obama’s motivation is anymore. If he really even cares – or he just knows he needs to keep AF1 available for Michelle.

      • I care. There is a disturbing outside the law, individuals and their civil liberties be damned trend. Julia may look like a cartoon, but she’s not a joke. Believe me I’m not crazy about sounding like a nutcase, but I’ve lived and worked in countries where this stuff is institutionalized. It doesn’t happen overnight, it’s subtle and scary, and it’s very difficult to unravel. My work has been to take free market principles and all that entails to countries where command economies eventually failed. So, unless people stand up and fight for this country those socialist/keynsian ideas will take hold. And they will be enforced. This is an unplanned rant. Apologies. It is not personal Car in. This is not an election between two men —

        • Oh, don’t misunderstand me. I care. I was just postulating on Obama. Is he a true believer? I don’t know anymore. He seems more interested in merely being re-elected.

          For what? I don’t know.

          • I don’t know about Barack, but I have made my peace with Julia.At first I was appalled at the whole Julia thing. But in Barack Obama Land (aka The Motherland) I am learning to look hard for the scraps of positive. So, if you are like me and have difficulty remembering names, all female Obamanistas = Julia. I mean Debbie Wasserman Schultz — that’s such a mouthful. And when you are at a loss for words in a discussion with an Obamanista — like Hilary Rosen (there are at least three!) “oh, you’re such a Julia!” or “You sound just like Julia”. I mean really what Obamanista can take offense? Julia — I think I like it! :)

  12. It is abundantly clear now why by the numbers report this am that my Preezy only talks to the young of our country… To young to know what a powerful feeling it is to spend or not spend your own money, and still have to get out of bed each day to earn a day’s wage for a day’s work without being told.
    Obama thinks he is the PPOTUS: Pied Piper of the United States

  13. He knows full well what to do about it. It’s just against his religion to do any of it. No, he will continue doing what hasn’t worked these past three years, hoping things will go differently between now and November.

    Hmm…if he’s doing the same thing over and over, and expecting a different result, wouldn’t that make him insane? I’m just asking…

    • At some point unemployment will go down simply because no further cuts in employment will be made because the skeleton workforce remaining is just enough and the millions out of work won’t be counted as unemployed because they’ve exhausted their unemployment benefits. The little worthless fascist in the White House will be bragging plenty about the unemployment rate.