8.6% unemployment rate won't help Obama (much)
December 2nd, 2011
02:25 PM ET
3 years ago

8.6% unemployment rate won't help Obama (much)

NEW YORK (CNNMoney) - The November jobs report contains some undeniably good news for President Obama, but the White House should keep the champagne on ice for now.

The Labor Department reported Friday that the unemployment rate dropped to 8.6% in November, the lowest since March 2009 and a sharp improvement from 9.0% in October.

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Filed under: 2012 • Jobs • President Obama • unemployment
soundoff (42 Responses)
  1. Expat American

    It will most likely take a generation and not 3 years to repair the damage inflicted by the Bush/Cheney Brownshirt regime that was questionably elected by ‘values voters’…and yet, the Republicans and their Christ Nazi base are still launching hollow attacks – while failing to acknowledge any responsibility for what they created.
    Good sign nevertheless and God Bless Red State America.

    December 2, 2011 03:13 pm at 3:13 pm |
  2. California

    Interesting how democrats/liberals blamed republican congress for not creating jobs then when the rate drops they're all for taking the credit.

    Liberals are beyond pathetic. Ha ha

    December 2, 2011 03:17 pm at 3:17 pm |
  3. Jharris90

    If it was other presidents it would help their approval ratings, but not in this polarized climate. Both political parties are going to spin these numbers. There will never be a jobs report where the Republicans will saying anything good about Barack Obama. Even if a million jobs were created this month, the Republicans would find a way to show displeasure towards this president and never give him an ounce of credit even if Obama signed into law the Republicans agreed with that directly impacted an economic boom. These numbers are both positive and negative. Positive that unemployment rate went down and more jobs were created this month. The negative is that 300,000 people left the work force-it puts the president on offense to say-The Congress needs to pass my jobs bill to get those discouraged workers back in the labor market, so we can have robust job growth of 250,000-400,000 jobs."

    December 2, 2011 03:17 pm at 3:17 pm |
  4. Lost in Texas FOREVER and EVER

    yeah annd I guess a 10 or 12% unemployment rate wouldn't HURT Obama much either. If anything the GOP and far right are going to try to make sure it DOESN'T help the president much by spinning it into a negative. Mitt Romney is already trying to do that, but I must admit today the House Republicans didn't come out on the attack at dawn like they normally do if the news is not good.

    December 2, 2011 03:30 pm at 3:30 pm |
  5. Lynda/Minnesota

    Well, then, CNN. Um, OK. Thanks for the update ... (maybe).

    Obama/Biden 2012

    December 2, 2011 03:31 pm at 3:31 pm |
  6. Jules

    What will help Obama is his opposition. The circus is in town. The only one that seems to have some integrity is Huntsman and I don't know too much about him, except he did resign an appointment by President Obama to run against him. On second thought – maybe he doesn't have that much integrity after all.

    December 2, 2011 03:32 pm at 3:32 pm |
  7. once upon a horse

    @ PA_outofwork

    sorry that you feel the way you do, but according to Herman Cain and the other Republicans who cheered him on it's YOUR FAULT that you're unemployed yet you want to blame the Democrats. Funny how that works isn't it?

    December 2, 2011 03:34 pm at 3:34 pm |
  8. Peace

    It seems to reporters, reporting bad news is what they are happy of. What about good ones? Do they think people will reject to hear them!!!

    December 2, 2011 03:35 pm at 3:35 pm |
  9. Rudy NYC

    Obama's Change has left me with NO HOPE wrote:

    yes, all those nasty facts like record unemployment for record lengths of time, record forclosures, record debt, record deficits just keep getting in the way of the fantasy tale dems spin about how darn good things are out there.
    --------------
    Thanks for reminding us just how badly the Republicans gutted the US economy. You forgot some stuff. GDP had dropped to -9%. The Dow lost 50% of its value, dropping below 7000. We were losing 700,000 jobs per month. None of the major banks would make loans to companies so that they could have operating capital; like GM and Chrysler.

    The best part is that Republicans said, "Do nothing." Let it all fall down so that we can start over fresh.

    December 2, 2011 03:39 pm at 3:39 pm |
  10. Lynda/Minnesota

    @California (who stated) "Interesting how democrats/liberals blamed republican congress for not creating jobs then when the rate drops they're all for taking the credit. Liberals are beyond pathetic. Ha ha"

    Interesting how republicans/teapers blame Obama for not creating jobs then when the rate drops they're all for blaming him that it isn't fast enough. ( Fill in the blank ). Ha Ha

    December 2, 2011 03:50 pm at 3:50 pm |
  11. Nash

    I am finally getting it. CNN is beginning to be more like FOX. Maybe we need other independent sources of news. This sensationalization of news sucks. Does it matter if the jobs reports helps or doesn't help Obama. We are a year or so away from the election. These numbers could still go up to 12% or even go down to 4%. What will count will be the Obama reelection or the election of another person. At this point, it is preposterous to keep singing the same tune we have heard the last three years. Doesn't CNN have any news to report?

    December 2, 2011 03:52 pm at 3:52 pm |
  12. vic , nashville ,tn

    The fact is Obama not depend on 8.6% unemployment Main stream Media and republicans are depend on unemployment rate

    December 2, 2011 03:53 pm at 3:53 pm |
  13. Obama's Change has left me with NO HOPE

    Thanks for reminding us just how badly the Republicans gutted the US economy. You forgot some stuff. GDP had dropped to -9%. The Dow lost 50% of its value, dropping below 7000. We were losing 700,000 jobs per month. None of the major banks would make loans to companies so that they could have operating capital; like GM and Chrysler.
    The best part is that Republicans said, "Do nothing." Let it all fall down so that we can start over fresh.

    Your man Obama has been in the Whitehouse 3 years with the Dems controlling the Senate and House for two of those years (still contriolling the Senate though only for another year) and all you can do is regurgitate history instead of the admitting reality: Obama claimed to have solutions, he tried them and they did not work. And there is the ticking time bomb yet to fully explode called Obamacare. But I'm sure he'll blame that mess on somebody else, just like he does with everything. The guy is a pathetic non-leader. His glorious record of voting "present" has been continued in the Whitehouse. He needs to run for office in Cuba or Venezuala where they are looking for a new socialist because he's proven he is not up for the job of President of the USA.

    December 2, 2011 03:56 pm at 3:56 pm |
  14. Rudy NYC

    Obama's Change wrote:
    Your man Obama has been in the Whitehouse 3 years with the Dems controlling the Senate and House for two of those years (still contriolling the Senate though only for another year) and all you can do is regurgitate history instead of the admitting reality .... Obama claimed to have solutions, he tried them and they did not work.
    ---------------------
    Strange world we live in when people say history is not reality. First of all, Democrats had a filibuster proof Senate majority for only the few months until Sen. Kennedy passed. Republicans have launched more filibusters during Obama's first two years than both parties launched over the previous 40 years.

    No, he didn't claim to have solutions. Republicans claimed to have the solutions; make some more tax cuts, stand back and watch it all burn to the ground. With the exception of The Stimulus (which The People demanded "you helped Wall St, now help Main St"), every economic policy enacted during the Obama administration has been more of the same enacted under the Bush administration.

    Everyone talks about the Norquist Pledge, but not one talks about the Norquist Handshake. "Let's make a liberal govern like a conservative." That has been the truth behind all of the obstructionist practices by Republicans.

    December 2, 2011 04:18 pm at 4:18 pm |
  15. Kim , Va

    My husband is 51 worked for a company for 28yrs was let go and has been unemployed for 2 yrs where are the jobs?
    he has applied at so many companies that after a while they send letters stating do not send them anymore resumes what do people like us do ? because we have a home we can not get any help so I guess we lose that too!
    we have worked all are lives no hand outs put to kids throught college and after next month my huisband gets no more unemployment . I think the numbers are way of on unemployment !!! Obama whats the solution ??? You have not found it yet !!!

    December 2, 2011 04:20 pm at 4:20 pm |
  16. Joan

    It is so disappointing that a story that should and could be encouraging for Americans, is instead ripped apart and the media looks for every little negative angle that it can find. Feel good and honest stories could increase consumer confidence which in turn would increase buying which increases demand and jobs, and so on and so on. Negative stories try to extend the culture of fear. Why do you always do that? The fact that the rate dropped to 8.6% is actually huge and so is the fact that jobs are being created. Check out the graph of jobs starting back during Bush's last quarter. The country is moving in the right direction despite the Republicans trying to obstruct everything, make Pres. Obama a one term president and concentrating on catering to the far right base rather than solving probems. As far as joblessness goes, I know many people who look like they are jobless but they are doing handy work, yard work, odd jobs, babysitting, etc. under the table and making pretty good cash. It is all how you look at it. Why do always try to undermine any progress this president makes? God help you all if McCain and Palin had been at the helm the last three years.

    December 2, 2011 04:26 pm at 4:26 pm |
  17. JOHN

    I find it so disheartening when CNN, try to be like Fox News. Stop being a follower and Leader. As CNN know the GOP have try everything to stop the President. They have try to make him look weak which in turn made the U.S. weak. CNN need to start asking the hard questions from these GOP people and stop Wolf for interviewing people because he is extremely bad

    December 2, 2011 04:29 pm at 4:29 pm |
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