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Better jobs report no panacea for Obama

Friday, August 03, 2012 - 01:39

Reuters economics reporter Mark Felsenthal says July's better-than-expected net gain of 163,000 U.S. jobs, while helpful, could be a two-edged sword for President Obama as more Americans move back into the labor market.(Aug 3, 2012)

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This job report had a little bit of everything for the Democrats higher than expected hiring is a good sign. People have been talking about above 150000. New jobs being a decidedly good number and they got that would 153000. On the other hand higher unemployment rate has to be bothersome to them. It's been climbing. For the last couple months now so eight point three is not good. That's going to be having the Republicans are gonna point to in saying that Obama's program hasn't been working. Now if you look into the guts of the report what you see is something that's actually fairly troubling and that is that fewer people were looking for work. The participation rates fell and there were fewer people employed. So what that signals is not only that in actual fact there's a shrinking workforce which is not he would. But it also means that as more people go back to work. -- or looking for work actions today. The unemployment rate could rise as that ratio. Changes so there's a lot in this report that you could say is reasonably good and reasonably encouraging. But it's impossible conclude from looking at it that the US labor market is back to full health. And I'm sure that the presidential candidates will be milking a whichever aspect of his most beneficial for them. As much as they can. This is mark Dell's involved at the White House.

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Better jobs report no panacea for Obama

Friday, August 03, 2012 - 01:39