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Good News, Bad News on Jobs

Recorded on February 4, 2012

From The Heritage Foundation, I’m Ernest Istook.

It's hard to separate the facts from the politics about job creation in America.


More jobs than expected were created in January. Almost a quarter million new jobs is about 100,000 more than projected. We continued a three-month trend of 200,000 or more new jobs each month. That's a good sign and it helped improve the unemployment rate from 8.5 percent down to 8.3 percent.


So bad-mouthing the report is out of order. But wild claims of huge job growth are not justified either. Claims that millions of jobs have been created during the Obama Presidency conveniently leave out that an even greater number of jobs have been lost during that time.


Compared to when Obama took office, our total number of jobs remains lower by about half-a-million.


Take out the political hype, and we have both good news and bad news about jobs.


From The Heritage Foundation, I’m Ernest Istook.