Good numbers in the June jobs report today: 223K new jobs, unemployment down to 5.3%.
Oh wait I'm sorry THAT'S HORRIBLE NEWS.
The addition of 223,000 jobs followed a 254,000 increase in the prior month that was less than previously estimated, a Labor Department report showed Thursday in Washington. The jobless rate fell to a seven-year low of 5.3 percent as more people left the labor force.
The figures indicate corporate managers are confident they can temper hiring and meet demand against a backdrop of stronger consumer spending and feeble overseas markets. At the same time, more moderate job gains may still be enough to reduce the unemployment rate, consistent with the Federal Reserve’s perceived timetable to raise borrowing costs by year-end.
An increase in June payrolls followed smaller gains in the prior two months and wages were little changed as U.S. job market reflected a more moderate pace of economic growth.
“One month’s low number wouldn’t shake our optimism,” Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said before the report. “The job market still has a ways to go but we’re making progress.”
Again, when we were losing 800K jobs a month under Bush, 223K new jobs and more than five straight YEARS of job growth is "disappointing" and equals "low numbers".
Good news for President Romney though.
You assholes are going to miss Obama when he's gone.