The good US economic news Thread

[True Federalist (진정한 연방 주의자)]

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But not everybody's satisfied...

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This is meh-economic news rather than good-economic news.  120K new jobs per month is not going to put a dent in long term unemployment and the decline in the unemployment rate was because people stopped looking for work.  While it is not the bad economic news Romney needs to get elected, it is not the good economic news America needs either.

[True Federalist (진정한 연방 주의자)]

Disappointing job numbers but Governor 47th of 50 wouldn't be any better. But 2001-2009 when it came to job creation wasn't great. Just as well it was very low when Clinton left office

Mediocrity is generally not rewarded with re-election in America.

Is that why Governor Romney got out of Massachuetts in 2006 ?

No, Santorum and his ilk made the Republican brand toxic in 2005/2006 with their emphasis upon Big Government social conservatism. While Romney still could have won re-election, it would have been an exhausting experience because of the barriers erected by Santorum and Co.

Wouldn't mandating everyone in the commonwealth buy health insurance be considered "Big Government social conservatism"?

[True Federalist (진정한 연방 주의자)]

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But not everybody's satisfied...

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This is meh-economic news rather than good-economic news.  120K new jobs per month is not going to put a dent in long term unemployment and the decline in the unemployment rate was because people stopped looking for work.  While it is not the bad economic news Romney needs to get elected, it is not the good economic news America needs either.

Perhaps you should wait about the inevitable revision. I read that sometimes as much as 100 thousand jobs get added in revised jobs reports.

Or they can get taken away, and if they be this would transform this from meh to bad.  However, there's no way to know whether when revised if this stays meh, or becomes good or bad.  Right now, it's meh, so it's meh.

[True Federalist (진정한 연방 주의자)]

What's ironic given CARL's insitence that Obama is cooking the books to make his record look better, is that as the WSJ pointed out this weekend, if the job numbers for April were adjusted using the adjustment method in place in 2008, the adjusted April 2012 numbers would not have been 115,000 new jobs, but around 180,000 new jobs.  I guess Obama needs to hire some new cooks for the books while he still has time.