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.”
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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?”
Andrea Saul, a spokeswoman for Mitt Romney’s presidential campaign, sent out a press release this evening slamming President Barack Obama for describing today’s jobs report as “good news.”
“Today’s anemic jobs report may be ‘good news’ in President Obama’s view, but it’s not good enough for America,” Ms. Saul said.
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.”
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.
In New York, “The 99%” is actually more like 44%.
Bronx Borough President Adolfo Carrion reportedly has his eye on Gracie Mansion.
The Suffolk County Executive race is turning into a proxy war between Governor Cuomo and former Governor Pataki.
Deputy Mayor Howard Wolfson did lunch at Zuccotti Park.