Romney: Jobless rate shows economy at "virtual standstill"

WASHINGTON Fri Nov 2, 2012 12:11pm EDT

Republican presidential nominee Mitt Romney takes the stage to deliver a speech in West Allis, Wisconsin November 2, 2012. REUTERS/Brian Snyder

Republican presidential nominee Mitt Romney takes the stage to deliver a speech in West Allis, Wisconsin November 2, 2012.

Credit: Reuters/Brian Snyder

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WASHINGTON (Reuters) - Republican presidential contender Mitt Romney said on Friday the uptick in the U.S. employment rate to 7.9 percent shows the economy continues to struggle.

"Today's increase in the unemployment rate is a sad reminder that the economy is at a virtual standstill," said Romney, who has made his record as a successful businessman the focus of his campaign, arguing that he is better equipped than President Barack Obama to fix the sputtering economy.

"The jobless rate is higher than it was when President Obama took office, and there are still 23 million Americans struggling for work," Romney said in a statement.

The Labor Department announced on Friday that employers added 171,000 people to their payrolls last month. The jobless rate edged a tenth of a point higher from 7.8 percent, but that was due to a surge of people back to the workforce, seen as a hopeful sign for a lackluster economy.

(Reporting by Patricia Zengerle; Editing by Alistair Bell and Vicki Allen)

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Comments (12)
wthcares wrote:
Funny, 3 paragraphs for Romney and at least a dozen under the Obama gets “relief” and jobs “rise sharply” blogs. NOT! I used to think Reuters was neutral. This comment probably won’t even get posted.

Nov 02, 2012 10:02am EDT  --  Report as abuse
4ngry4merican wrote:
wthcares wrote: “Funny, 3 paragraphs for Romney and at least a dozen under the Obama”

Do you righties ever stop whining?

Nov 02, 2012 10:12am EDT  --  Report as abuse
whatthehey wrote:
The GOP hates good news for the economy because it detracts from the false narrative that Obama doesn’t understand business. It should be interesting to hear from Jack Welsh, Joe Kernan and Rick Santelli who still cling to the BLS conspiracy theory.

Nov 02, 2012 10:12am EDT  --  Report as abuse
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