The Bureau of Labor Statistics has just released its December jobs report with GREAT news for America, the Democrats, and the Obama administration.
Nonfarm payroll employment rose by 200,000 in December, and the seasonally adjusted unemployment rate, declined to 8.5 percent.
Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining.
The unemployment rate has declined 0.6% over the last four months. If that trend continues, which it very well may, then unemployment could be as low as 7% by the time of the election. An unemployment rate that low or trending in that direction would be VERY good news of Obama and his chance of re-election.
The unemployment rates among the major worker groups in December were:
Adult Men: 8%
Adult Women: 7.9%
Asians: 6.8% (Not seasonally adjusted)
Republicans hate these numbers since they show that the economy may be on a steady path to recovery.
Read the full jobs report here: http://www.bls.gov/news.release/empsit.nr0.htm