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U.S. Unemployment Drops to 8.1% But 12.5 Million Still Out of Work, Economy Added Only 115K Jobs in April

May 4, 2012 by 1 Comment

UNEMPLOYMENT RATES DROPS: Under the right conditions, the drop in the unemployment rate to 8.1% would have been a selling point for Obama to use on the campaign trail, but the wind was taken out of his sail because the U.S. economy added only 115,000 jobs in April. In other words, nothing for Obama to brag about because 12.5 million Americans are still out of work.

Wall Street Journal:  Job growth was below expectations once again, “a fresh sign that the economy could be settling into a sluggish spring.”

First Read: “These jobs reports do have an impact on how people view the economy. We noted earlier in the week that Romney was having a tough week because of all the national security news that dominated. This will allow him to get back on message for a month.”

04 U.S. Unemployment Drops to 8.1% But 12.5 Million Still Out of Work, Economy Added Only 115K Jobs in April
pixel U.S. Unemployment Drops to 8.1% But 12.5 Million Still Out of Work, Economy Added Only 115K Jobs in April
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About Janet Shan

Janet Shan is a freelance journalist, blogger and social media consultant. Janet specializes in political and social commentary, as well as business writing. She is the founder and managing editor of the Hinterland Gazette. She is putting the finishing touches on her new novel, a mystery based in the hills on Montego Bay, Jamaica.

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  • http://functionalculture.blogspot.com Constructive_Feedback

     Janet – you know I love you like a play cousin -right?

    Your analysis of the unemployment situation is mostly from the perspective of the politicians and the impact that the news will have upon their political fortunes.
    YES you mentioned the 12M+ people that are unemployed.

    I wonder if you would be willing to impart some advice upon those people who are hurting.   The one’s who have ALREADY taken out their frustrations about the economy 4 years ago when they believed that they were failed.  Yet TODAY as they look for ‘return on investment’ you have TWO PARTIES seeking to compel them to INVEST in one of them again.

    Is it possible, in your view, that there is a problem that is larger than POLITICS (and the choice there in) at play here?

    My ultimate point is that – beyond the campaign marketing and the associated lies – WHERE IS THERE evidence of a PUSH BACK in which the people who are suffering are heard rejecting the schemes that are played at their expense – ALL THE WHILE AVOIDING an ideologically based response that fronts as a solution?