By Colin Campbell 3/08 9:27am

Numbers Game

(Photo: Getty)

Mayor Bloomberg Explains Why the Unemployment Rate Is ‘Relatively Meaningless

Earlier today, there was a rare bit of good economic news with the announcement that job creation broke out in February as the United States’ unemployment rate fell from 7.9 percent to 7.7 percent. This morning, however, Mr. Bloomberg urged the public to ignore the widely discussed unemployment number and instead look at the raw job total nationwide–a net increase of 246,000 new jobs last month.

“The unemployment number is relatively meaningless,” Mr. Bloomberg said during his weekly interview with John Gambling. “It is the number of people who have jobs–the number of jobs. I think the national economy is doing a little bit better. Not going down, it is going up a little bit better, [but] nowhere near fast enough to give jobs to a lot of the people who want them. And a lot of the people who have dropped out of the workforce [are] saying, ‘I’m never getting a job, I’m not going to even look.’ Then you don’t get  counted. … That’s why the unemployment number is bad–is not really a good indicator.” Read More

By Hunter Walker 6/11/12 9:05am

Jobs Jobs Jobs

Mitt Romney on the campaign trail. (Photo: Getty)

Romney Campaign Asks ‘Has There Ever Been A President So Out Of Touch With The Middle Class?’

Both the Obama and Romney campaigns launched into the week by releasing web videos focusing on jobs. President Barack Obama’s clip accuses Mitt Romney of wanting “to cut jobs for firefighters, police and teachers.” Mr. Romney’s video hits the president for his recent comment that the private sector is “doing fine” and asks”has there ever been a president so out of touch with the middle class?” Read More

By Hunter Walker 1/07/12 1:47pm

Blame Game

House Republican Leaders Discuss GOP Employment Plan

Rep. Nan Hayworth Criticizes 'Democratic Run Senate' For Not Acting on House Jobs Bills [Video]

Hudson Valley Congresswoman Nan Hayworth blamed the nation’s economic woes on gridlock in the “Democratic run Senate” in the Republican Party’s weekly address today.

“Leaders in Washington shoald have no higher priority this year than getting our economy back to creating jobs,” Congresswoman Hayworth said. “The foundation for action is already in place. Right now, there are more than 30 jobs bills passed by the House with support from both Republicans and Democrats that are awaiting action in the Democratic run Senate.” Read More

By Hunter Walker 11/04/11 9:40am

Campaign 2012

Congresswoman Michele Bachmann (Photo: Getty)

Michele Bachmann: ‘President Obama Joined With the Occupy Wall Street Protestors’

Republican Presidential Candidate and Minnesota Congresswoman Michele Bachmann issued a statement in response to the October jobs report, which showed the unemployment rate dip ever so slightly to nine percent. “President Obama joined with the Occupy Wall Street protestors who believe that the problem we face is capitalism, the free markets and job creators. It’s not,” Congresswoman Bachmann said. Read More