US Unemployment falls to 8.3%

[downtown]

http://money.cnn.com/2012/02/03/news/economy/jobs_report_unemployment/index.htm?hpt=hp_t1

Meanwhile, the unemployment rate fell to 8.3%. That is the lowest since February 2009.

Hiring was much stronger than expected, and once it was apparent the job gains were broad based across several sectors, economists and investors called it a "nice surprise," "fantastic," and even "a touchdown!" Stock futures immediately headed higher.

Economists surveyed by CNNMoney had forecast 130,000 jobs added in the month, and that the unemployment rate likely ticked up to 8.6%.

"To show the economy adding this kind of jobs number in a January is amazing," said Kathy Kane, senior vice president of Talent Management at Adecco Group North America. "As we talk to clients, they're very optimistic about continuing to hold jobs throughout the year but also to increase jobs.

US Manufacturing had a strong month, adding 50,000 jobs. Private industry has actuall been adding jobs since March, but dramatic job losses in the public sector have dulled some of the gains.

Fun fact: American unemployment rate for those with a bachelors degree is 4.5%.

Anyway, me and Godwynn are taking credit for this, since we basically singlehandedly keeping the US economy afloat. YOU'RE WELCOME BARRY.

Now, OT, tell me how this hurts Obama politically.

 

[Godwynn]

I even made a thread on the subject.

YOU'RE WELCOME BARRY.