Campaigns Seize on Jobs Report - Wall Street Journal [dayinformations.blogspot.com]
House - Blowing the WhistleThe team treats an Army veteran charged with treason after he leaked classified information. But the patient's life is put at risk when he refuses treatment unless he and his brother are given information about their late father, a war veteran, which raises questions about loyalty to one's family and country. Meanwhile, Adams suspects House may be sick, so she recruits Wilson and the other team members to plan an intervention and investigate his illness.
By LAURA MECKLER And DANNY YADRON
FAIRFAX, Va.â€"President Barack Obama trumpeted Friday's news that the unemployment rate has fallen to 7.8%â€"matching the level when he was inauguratedâ€"as evidence of why voters should stick with him for a second term.
"We're moving forward. This morning we found out that the unemployment rate has fallen to its lowest level since I took office," Mr. Obama said at a rally at George Mason University, prompting a standing ovation from the crowd. "More Americans entered the work force. More people are getting jobs."
Meanwhile, Republican presidential nominee Mitt Romney countered that the data show America's economic recovery is still anemic, and that he is better suited to lead a turnaround. In campaign ads and stump speeches, Mr. Romney has argued the U.S. can't afford four more years of Mr. Obama's economic stewardship.
"This is not what a real recovery looks like. We created fewer jobs in September than in August, and fewer jobs in August than in July," Mr. Romney said. "The choice in this election is clear. Under President Obama, we'll get another four years like the last four years. If I'm elected, we will have a real recovery with pro-growth policies that will create 12 million new jobs and rising incomes for everyone."
The economy added 114,000 jobs last month, about what economists had predicted. Meanwhile, job gains for July and August were revised upward. The jobless rate, calculated by a separate survey, fell to 7.8% from 8.1% the previous month. Economists had expected that rate to hold steady. And unlike previous months, the drop in the unemployment rate wasn't due to workers leaving the labor force.
Friday's jobs report is particularly significant because it is the second-to-last snapshot of the job market before the Nov. 6 election; the last come on Nov. 2. The September rate of 7.8% is the first time the rate dropped below 8% since the first month of Mr. Obama's presidency, and his aides see this report as potentially helpful to his campaign.
The report could also boost the president's effort to recover from what was widely seen as a weak debate performance Wednesday, as he readies for the final month of the campaign. In his remarks here Friday, Mr. Obama noted that the economy lost 800,000 jobs the month he took office, and noted the cumulative job growth since the economy hit bottomâ€"with 5.2 million new private-sector jobs.
Still, no president since World War II has won re-election with a jobless rate this high. Presidents George H.W. Bush, Jimmy Carter and Gerald Ford all lost re-election bids with rates at 7.5% or higher. Moreover, only one president in recent decades, George W. Bush, has won re-election with an unemployment rate equal to or higher than where it stood when he took office. At 7.8%, Mr. Obama's rate is exactly where it was in January 2009. In general, the economy has to generate about 100,000 to 125,000 jobs a month to keep up with population growth.
It is unclear how significant an impact the new report will have on voter attitudes. Recent polling has found voters feeling more positive about the economy, so this report may reinforce those sentiments. A month ago, a weak jobs report came just a day after the end of the Democratic National Convention, and some predicted it would halt Mr. Obama's momentum. It didn't, and his standing in the polls rose.
"The evidence suggests that the public doesn't follow the monthly numbers as specifically as the pundits do," said Austan Goolsbee, former chairman of the White House Council of Economic Advisers in the Obama administration who is now at the University of Chicago. "Obviously, it's some progress and people probably pick up on that. But we've had some very good months and some disappointing months over the last year, and neither way seemed to affect the political dynamic all that much."
He predicted Friday's report would be a "modest plus" for Mr. Obama that "lessens, but does not take away" the effectiveness of the Republican argument.
Still, a weak monthly report would have given Mr. Romney fresh ammunition. In virtually every speech, he points to an unemployment rate above 8% as evidence of Mr. Obama's lackluster leadership.
Late Thursday, Mr. Romney told supporters in Virginia that the debate made clear he has a vision for the future and the president is out of ideas. "What you didn't hear [Wednesday] night from the president is why it is the next four years are possibly going to be better than the last four years," Mr. Romney said.
Republicans maintained that argument Friday, as pundits and political candidates in other races criticized the president through media statements.
"While there is positive news in today's report, job creation is far too slow and the unemployment rate is far too high," House Speaker John Boehner (R., Ohio) said in a written statement.
Mr. Obama offered a response of sorts to those comments, suggesting Republicans were rooting for bad news as a way of helping their political fortunes. "Today's news certainly is not an excuse to try to talk down the economy to score a few political points. It's a reminder that this country has come too far to turn back now."
The official White House reaction was virtually identical to the response put out every month, with Council of Economic Advisers Chairman Alan Krueger heralding progress, noting the tough economy Mr. Obama inherited and acknowledging that more improvements are needed.
"While there is more work that remains to be done, today's employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression," Mr. Krueger said. As always, he concluded by saying "it is important not to read too much into any one monthly report."
Write to Laura Meckler at laura.meckler@wsj.com and Danny Yadron at danny.yadron@wsj.com
Suggest Campaigns Seize on Jobs Report - Wall Street Journal Articles Question by FDB: What's the difference between "advertisement" and "commercial information"? English is not my mother tongue and I need to understand if the 2 terms can be considered equivalent or not. Thanks Best answer for What's the difference between "advertisement" and "commercial information"?:
Answer by Strigidae
They are one in the same. It's only in the presentation that they differ. An advertisement is usually a short (15 seconds to 1 minute) bid for you to be impressed and purchase a product the next time you go to the grocery. An Info-mercial, your "commercial information", typically lasts a full 30 minutes with a full demonstration of the product. These usually involve small kitchen appliances or an educational service, book, DVD, or other media (for example: financing, investing, etc.) Often the products are of low quality and don't function as well as the demonstration makes them out. It's a buyer beware ... Again, if you like the product you can order it by phone or, if you're lucky, can find it in the local stores and really inspect the product. .
Answer by _______
"commercial information" is an euphemism.
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