Private employers added 212,00 jobs, moving the total of private-sector jobs created in 2011 to 1.9 million. Governments, particularly at the local level, cut jobs — 12,000 last month — holding overall job growth for the year to 1.6 million.
U.S. adds 200,000 jobs in Dec.; unemployment drops to 8.5% - The Washington Post
Did I hear someone say no private sector jobs were being created?
I'm trying to figure out how a net loss of jobs equals a decrease in unemployment.
If you're looking for good news then you can find it. If you're looking at everything then you have to admit that the numbers are not good.
We still have 44.2% long-term unemployed still looking for work.
There are 7 million fewer people with jobs now than at the end of 2007.
The labor force has shrank since 2009.
8.1 million workers are working part-time instead of full-time now.
Millions of unemployed are running out of benefits.
The fact is the 8.5% unemployment rate doesn't tell the whole story. However that doesn't stop the media from trying to put a positive spin on it. One of the sneaky ways is omitting the fact that no President has ever been reelected with over 7.2% unemployment. But considering the fact that we hit 10% at one time and stayed at over 9% for so long, simply dipping below that number seems good but really isn't.
Another thing they fail to mention is what exactly did Obama do to cause the rate to go down? Was it simply because he's no longer in a position to screw it up anymore???
I knew over a year ago when the GOP took back the House that the economy would improve. Obama's BS has simply delayed the improvement. That's really it in a nut-shell.