Roll Call: Latest News on Capitol Hill, Congress, Politics and Elections
October 21, 2014

New Jobs Numbers Raise Economic — and Political — Questions

jobs040513 445x274 New Jobs Numbers Raise Economic — and Political — Questions

The unemployment rate slid slightly in March, only because people stopped looking for work. (Douglas Graham/CQ Roll Call File Photo)

The jobs numbers just reported for March — an increase of only 88,000 jobs — are horrendous, especially coming after February’s strong job surge (236,000 new jobs revised up to 268,000).

Forget the unemployment rate sliding from 7.7 percent to 7.6 percent. As The Assocaited Press noted, that drop resulted “only because more people stopped looking for work.”

One bad month of new jobs data isn’t likely to have a huge effect on President Barack Obama’s job approval numbers, and good news in the April report would quickly erase concerns about the March numbers.

But any sense over the next few months that the growing optimism about the economy has been misguided could send the Dow Jones industrial average down hundreds of points and put pressure on the president.

Democrats and Republicans, of course, will point fingers at each other if there is growing nervousness among American consumers. Democrats and the president would likely blame the sequester and Republicans if the economy stumbles, while the GOP is sure to counter that higher taxes and more regulation are crippling business.

Still, Obama remains at greatest risk to signs of another economic slow down — because voters often give the president credit for good news and blame him for bad news — and weakness in his job rating could effect his ability to push other issues, as well as his role in the 2014 midterm elections.

  • overbusy

    OBAMA and the Democrat’s way of transferring the wealth Do The Black’s really care if there unemployment rate’s are high? When they can collect unemployment for almost a year then go on Disability and get food stamp’s live in low in come housing ! Oh yea The Black’s are really angry at Barack Obama and the Democrat’s! Just like the Democrat’s say the Illegals Do the Job’s that American’s won’t Do. May be so. But they will only Do those job’s If they can get paid under the table and collect welfare and food stamp’s too! as A unemployed American I Too would Do Those Job’s If Could Get Paid Under the Table and collect welfare! and get food stamp’s.

  • JohnGano

    The benefits of having a job are being replaced by the benefits of the entitlement state. As long as this continues we will never see a turn around or see people demand change. Why ask for change when you can sit around your house and still survive?

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