After what can only be called a lack-luster debate performance for President Obama, the September jobs numbers reveal an interesting trend. For the first time since Janurary 2009, the United States jobless rate is below 8 percent… 7.8 percent to be exact. According to the Bureau of Labor Statistics report, September job creation was 114,000.
Now here’s the confusing part… 114,000 isn’t enough to decrease the unemployment rate. We generally have to create just shy of 150,000 jobs for the rate to move down by a percentage point. So how did this occur? The answer is revisions. The previous jobs numbers for July and August were revised upward. July went from 141,000 to 181,000, and August went from 96,000 to 142,000.
The other reason that this jobs report is important? It’s the last full month before the election. Now that we’re in debate season and campaigns are in overdrive, many more Americans are paying attention to the jobs report. ‘BLS’ was even trending on Twitter. Who knows what the final impact of the report will be, but either way, any economic improvement is good for the nation.
For once, I have to agree with RNC Chairman Reince Priebus… No sense in demonizing the guy when he’s correct…
I couldn’t have said it better myself. A plurality of Obama’s jobs policies “simply are not working.” Funny thing about jobs policies though… they require a little something called ACTION, preferably by the Congress. The President can make plans, give speeches, and greet workers all he wants, but the true weight of the govenrnment lies in how Congress makes laws and applies financial resources of the United States.
If the Obama policies had been carried out, then we would be investing in our nation. All those bad roads and dangerous freeways that you drive on? President Obama’s policies would hire workers to fix them. Difficulties in our public schools? President Obama’s policies would hire more teachers and support staff to help our kids and make our schools better. Tired of having debit or credit card fraud? President Obama’s policies would empower agencies to protect consumers from an ever-growing crisis of electronic theft. Obama wants to create jobs, and he’s put for initiatives to do so since his first day in office. But Congressional Republicans have cried, whined, screamed and threw temper tantrums to stop his policies in their tracks. Yet now, they’re blaming HIM for the meager Recovery. As Steve Benen so eloquently points out, had the American Jobs Act been passed back in 2011, 1.3 million more people would be employed today. President Obama gave a rousing speech, only to have it killed by Congress. House Speaker John Boehner didn’t even bring the bill up for a vote, and it was filibustered by Senate Republicans.
Just so we’re clear, here’s a reminder of President Obama’s policies…
Mitt Romney loves to talk about “job creators”, it’s really one of his favorite phrases to cite. Though it’s odd to me that he NEVER mentions the nation’s largest job creator: the Government. Tens of millions of people work for federal, state and local government agencies. The government isn’t some evil villian just lurking around the corner to ciphon your money. It’s YOUR schools, YOUR policeman, YOUR firefighters, YOUR roads and bridges… I could go on and on. Yet Republicans have waged a war on the same government that they in fact work for. If they had their way, the government would slice and dice millions of jobs. According to the Economic Policy Institute, if the Ryan budget is enacted, it would eliminate 4.1 million jobs by 2014. If the current GOP plans go into place, it would be nothing more than economic genocide to our country. Romney’s “solution” to our job woes is to adopt this budget and decimate many American social programs that people depend on today more than ever. One thing is for sure… Democrats continue to lose the messaging war about government employment. If you want more of your friends and neighbors to lose their jobs, that’s what the Ryan budget seeks to do.
It’s easy for the GOP to talk tough when it comes to the economy, but they continue to flee from the truth of the matter. But on this tweet, Mr. Priebus and I do agree… Obama’s policies are not workng because they have not been applied. Think about it this way. You may buy a new treadmill and say “I’m going to get in shape.” You buy it, and put it in your room. But how are you going to get in shape if you don’t ever USE it?
So we see the jobs reports on the first Friday of each month, and everyone inhales and holds their breath for just a second. If the unemployment rate goes down, we breathe a sigh of relief. If it ticks up, we wonder what happened.
Over the past few months, the economy has started to pick up steam. Have we had a full recovery yet?? No, of course not. Is there still much to be done? Yes, yes yes. But as we’re in the throws of electomania, I thought it was important to see if any of the recent job growth we are having is sustainable, and how it’s affecting Houston. More specifically, have policies of the Obama administration made any difference for our city?
One of the President’s main economic goals (LONG overshadowed by the bloody healthcare fight, the oil spill, and a bunch of other things) was to get Americans actually making things again. Not only would we make more of our own goods, but actually start to sell those goods to other countries. In the 2010 State of the Union, President Obama set a goal to double US exports by 2014. So far as of 2011 U.S. exports have risen by a whopping 34 percent… well ahead of schedule to meet the original goal. China, in particular, has begun to take notice and buy American goods. According to the US-China Business Council, US exports to China have eclipsed the $100 Billion dollar mark, and it is once again our third largest export market. California is the leading state to export to the rapidly developing nation, but Texas comes in at a surprising 3rd place.
So how does this good news translate to jobs in Houston?? We were already one of the nation’s strongest exporters, but under the Obama administration, export activity in our city has continued to grow, and diversify. Take the Port of Houston, for example. A big expansion of the Panama Canal should be complete by 2014. As a result, shipping volume at the Port of Houston is expected to grow between 20 and 35 percent. it certainly was a wound on Houston pride to lose our beloved Continental to the United merger, but IAH’s new role as the lead hub for the world’s largest airline is quickly elevating our cities statue in the air travel world.
On a landmark trip to Brazil, Houston mayor Annise Parker signed major trade and cooperation deals with the cities of Sao Paulo and Rio De Janerio. As the most rapidly developing economy in Western Hemisphere, these deals could be very lucrative for Houston and Texas’s future. Mayor Parker’s initiative in this respect will surely be remembered as a highlight of her administration.
The groundwork for Parker’s recent trade mission was actually laid by President Obama, as he visited the country last year. Though his trip wasn’t quite as “smooth sailing” as the mayor, this action and similar deals with other emerging markets are sound economic maneuvers that will continue to encourage job growth in America. Houston is a significant part of the success of the USA, and under Obama’s Presidency, Houston and Texas will continue to prosper. So the job growth we’re all seeing and feeling?? It’s no bull.