This is what lefties call a “recovery.” Four years of unemployment that is higher than the day Obama first took office. A 31-year low in the labor force participation rate, record long-term unemployment, lower median household income, record poverty and record food stamp usage. It’s thew new norm.
WASHINGTON — The U.S. job market is proving sturdier than expected at a time when the economy is under pressure from Washington gridlock and the threat of government spending cuts.
Unemployment is still higher than the day Obama took office and the liberal media is doing all they can to spin this failure of a president.
Employers added 157,000 jobs in January, and hiring was much stronger at the end of last year than the government had previously estimated.
The Labor Department’s estimated job gains for the final two months of 2012 — a period when the economy was being threatened by the fiscal cliff — rose from 161,000 to 247,000 for November and from 155,000 to 196,000 for December.
The mostly encouraging jobs report Friday included one negative sign: The unemployment rate rose to 7.9 percent from 7.8 percent in December. The rate is calculated from a survey of households, and more people in that survey said they were unemployed.