October 7th, 2012
04:03 PM ET
2 years ago

CNN panel: What does the jobs report mean for the campaign?

(CNN) – In a week that looked like it would end with widespread criticism of President Barack Obama's debate performance, it instead closed with a slight boost to his campaign with Friday's surprising jobs report, according to a CNN roundtable.

The report, released by the Labor Department, showed that 114,000 jobs were added during the month of September, and that the unemployment rate had fallen to 7.8%, down from 8.1% in August. The jobs report was less of a happy occasion for the president and more of a relief the week did not end with politically harmful jobs statistics, CNN Chief White House Correspondent Jessica Yellin said Sunday on "State of the Union."
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Filed under: 2012 • Economy • TV-State of the Union • unemployment
October 5th, 2012
11:17 AM ET
2 years ago

Jack Welch: Unemployment rate cooked

New York (CNNMoney) - The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.

"Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," tweeted Welch, the former CEO of General Electric.

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Filed under: 2012 • Jobs • unemployment
Outlook gloomy for August jobs report
September 5th, 2012
11:41 AM ET
2 years ago

Outlook gloomy for August jobs report

New York (CNNMoney) - The stakes are high and the forecast is gloomy, ahead of the August jobs report scheduled to be released Friday by the Labor Department.

A month ago, that report showed businesses added 163,000 jobs in July. Job gains at that level were the strongest in five months, but still were not robust enough to keep up with population growth. The unemployment rate ticked up to 8.3%.

Unfortunately, August doesn't look like it fared much better.

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Filed under: 2012 • Jobs • unemployment
August 31st, 2012
08:34 AM ET
2 years ago

Eastwood's inflated unemployment count

New York (CNNMoney) – Clint Eastwood's biting criticism of President Obama was a big hit with the crowd at the Republican National Convention. But his reading of the nation's unemployment situation missed by a wide margin.

Eastwood's speech on Thursday night mocked supporters of the president like Oprah Winfrey, who cried the night Obama was elected for years ago.

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Romney promises better leadership on employment
August 25th, 2012
11:55 AM ET
2 years ago

Romney promises better leadership on employment

(CNN) - In his weekly podcast, Mitt Romney called out President Barack Obama for weak leadership on the economy, and said that under his administration, "help is on the way."

"Anxiety has never been higher," Romney said in the remarks, noting that unemployment increased in 44 states in the latest week reported. "Another new report out of Washington warns that higher unemployment and a double-dip recession will be a reality next year unless immediate steps are taken to avert what they're calling a 'fiscal cliff.' "
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Filed under: 2012 • Mitt Romney • unemployment
May jobs report: Hiring slows, unemployment rises
June 1st, 2012
08:36 AM ET
3 years ago

May jobs report: Hiring slows, unemployment rises

New York (CNNMoney) – Businesses hired far fewer workers than expected in May, throwing into doubt the strength of the economic recovery.

The unemployment rate rose to 8.2%, as people rejoined the labor force.

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Filed under: Jobs • unemployment
Romney promises to bring unemployment down to 6%
May 23rd, 2012
01:35 PM ET
3 years ago

Romney promises to bring unemployment down to 6%

(CNN) - After repeatedly pinning the president for the unemployment level, which now sits at 8.1%, Mitt Romney pledged he could cut the rate by two points if he makes it to the White House.

"I can tell you that over a period of four years, by virtue of the policies that we'd put in place, we'd get the unemployment rate down to 6%, and perhaps a little lower," the presumptive GOP nominee said in a TIME interview published Wednesday.
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Filed under: 2012 • Mitt Romney • unemployment
Republicans quick to react to jobs report
May 4th, 2012
09:12 AM ET
3 years ago

Republicans quick to react to jobs report

Washington (CNN) - Both the presumptive GOP presidential nominee and the chairman of the Republican National Committee were quick to use April's unemployment numbers to criticize President Barack Obama's job on creating jobs.

"It's a terrible and very disappointing report this morning. Clearly the American people are wondering why this recovery isn't happening faster, what's taking years and years for the recovery to occur. And we seem to be slowing down, not speeding up. This is not progress," Mitt Romney said Friday in an interview on Fox News.
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Filed under: 2012 • Economy • Jobs • Mitt Romney • President Obama • Reince Priebus • unemployment
April jobs report: Hiring slows, unemployment falls
May 4th, 2012
09:10 AM ET
3 years ago

April jobs report: Hiring slows, unemployment falls

New York (CNNMoney) – The unemployment rate unexpectedly fell in April as workers dropped out of the labor force and hiring slowed.

The economy added 115,000 jobs in the month, the Labor Department reported Friday, down from March when the economy added 154,000 jobs.

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Filed under: CNNMoney.com • Jobs • unemployment
White House on job numbers: 'There is more work to be done'
April 6th, 2012
10:22 AM ET
3 years ago

White House on job numbers: 'There is more work to be done'

(CNN) – Following up on the sluggish job numbers released Friday, the White House maintained the economy is still undergoing growth.

"There is more work to be done, but today's employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression," said Alan Krueger, chairman of the Council of Economic Advisers, in a statement.
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Filed under: Jobs • unemployment • White House
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