This was not unexpected news. this is what the 5th unemployment extension fight is about. Reid and Obama want to paper over the fact the this is a jobless recovery.
here is a paragraph that explains what is going on
Senate Democrats on Thursday offered a new plan to revive federal unemployment benefits until mid-November and pay the $18 billion price tag with new spending cuts, but hopes of a bipartisan deal dissolved into bickering by day’s end.
“The package does what the Republicans wanted,” Senate Majority Leader Harry Reid, a Democrat, said on the Senate floor. He said the cost of renewing the jobless benefits for about 1.4 million long-term unemployed Americans would be “entirely paid for” and would contain “structural changes they (Republicans) were demanding.
Keeping these 1.4 million people who have exhausted their total 99 weeks of unemployment benefits, the longest in history only makes sense for Obama. It keeps these people off his back when he refused the Keystone XL pipeline, lowering CAP gains taxes, cutting the fed government.
Also, by coincidence 1.4 million more people lost jobs in the 5 Obama years, and unemployment benefits are Obama’s answer to growing the economy. I always thought only JOBS,
JOBS, JOBS grew the economy.
U.S. job growth weakest in three years, weather a factor Reuters By Lucia Mutikani | Reuters 45 mins ago
WASHINGTON (Reuters) - U.S. employers hired the fewest workers in almost three years in December, but the setback was likely to be temporary amid signs that cold weather conditions might have had an impact.
VIA: http://news.yahoo.com
LIES, LIES, AND MORE LIES
why is it “non-farm” ?
One ‘jobs’ report says there are over 99 million unemployed persons in the USA.
Our census population says there are about 330 million citizens here.
The Obama administration says there is only a 6.7% unemployment rate.
The methods for determining unemployment are obviously very flawed & need to be restructured.
Obama will try to tell us by Nov 2014 that unemployment is about 1.5%...& the compliant media will state such.
Mark my words.
If the economy adds about 208,000 jobs per month, which was the average monthly rate for the best year of job creation in the 2000s, then it will take until April 2020 to close the jobs gap. Given a more optimistic rate of 321,000 jobs per month, which was the average monthly rate of the best year of job creation in the 1990s, the economy will reach pre-recession employment levels by December 2016.
Our average monthly job creation rate for 2013 was far below 208,000.
I believe every agency of the Federal Govt is issuing bogus numbers in support of this evil President and his party.
Even the bad numbers are lies
What? No trickle down? Too much debt, too much Gov’t.
I hear the Soylent Green factory is hiring...
Looming Obamacare in 2014 caused these poor jobs numbers and January numbers (next month)will confirm the downward trend. Meanwhile, Washington wants to make matters worse by passing immigration “reform.”
The presumption is the numbers are real. I believe they are all garbage and can not be relied on to form cause for action.
Nothing coming forth from the Obama administration is valid. It is all, that is 100% propaganda.
I buy for $200 and sell for $100 and make a profit!!!