Thursday, January 6, 2011

The Jobs President?

It's going to be a whole lot more difficult for the GOP to take out Barack Obama next year if the jobs numbers look like this:
Companies in the U.S. boosted payrolls in December by the most since records began in 2001, showing a stronger labor-market recovery at the end of last year, data from a private report showed today.

Employment increased by 297,000, exceeding the highest projection in a Bloomberg News survey, after a revised 92,000 rise in November, according to figures from ADP Employer Services. The median estimate in the Bloomberg survey called for a 100,000 gain last month.
These numbers aren't the official ones -- we still have to wait until tomorrow for those -- and even if they are reflected in the more important report Friday, one month's job growth does not a healthy economy make. That said, if job growth even approaches this in the next two years, President Obama is going to look a lot less beatable than he did just a couple months ago after the Democrats got shellacked in the midterms.

1 comments:

  1. I like Obama because of the jobs that he provided this year. In fact, his performance is quite commendable and I'm pretty satisfied with his job.

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