2/03/2012

Newest Fox News piece: The bad news behind the January jobs report

My newest pieces starts this way:

In January 2009, 11.6 million Americans were out of work and 23 percent of them had been unemployed for more than six months.

Today there are 12.8 million unemployed and 43 percent have been out of a job for more than six months. The average length of unemployment has increased dramatically since even the recovery started. Back in June 2009, “only” 29 percent of the unemployed had been unemployed longer than six months.

The number of unemployed Americans last month fell by 339,000, the fifth largest drop since January 2009. But there was an even much more shockingly large number -- almost 1.2 million additional Americans were classified in January as not being in the labor force (see figure here). Unfortunately, that has been the consistent story that has made this “recovery” unique as more and more Americans have just given up looking for work. . . .


Interview with Mark Levin








UPDATE: Romney's take is available here:

Mitt Romney said President Barack Obama doesn’t deserve credit for improvement in the economy, saying the man he’s seeking to replace in November has stymied U.S. growth.
“This president has not helped the process; he’s hurt it,” the front-runner for the Republican presidential nomination told 14 local businessmen he met today with in Sparks, Nevada. “If I’m the president, I will see what you do as being a very good thing, a patriotic and good thing.” . . .

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