Barack Obama gets a post-debate boost as unemployment falls below 8 percent - Dale McFe... - 3 views
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September unemployment rate
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fell to 7.8 percent
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economy added 114,000 jobs in September, good but not enough to keep up with the potential growth in the workforce.
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This article discusses the how the rate of unemployment has decreased and it's affects on Obama's campaign. Although this is good according to Romney, it is not the best that we can do. Does the fact that the percent it decreased is not a lot? Is it still an accomplishment?
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I agree. I think what is key about the article is the quote, "Indeed, the economy has added jobs for 24 straight months." What resinates with me which the article touched on and our speaker on the economy in class went in detail with is the idea that because of the growth in population, to have job growth, not only does Obama have to create more jobs than before, but he has to do that on top of an addition number of jobs that account for the increase in population. This is something I never really thought about before but makes a huge difference in how I look at his success in making more jobs.
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However, unemployment inequality has increased and college students are coming out of college with jobs that they are vastly overqualified for. Also, long term unemployment rates have increased, which in my opinion is a more important number than the short term. If Obama wants to be respected in my opinion, he has to create more long term jobs, which he hasn't done. He has only made our country more dependent on government influence. Just because unemployment is 7.8 does not mean that the economy is actually getting better. The 7.8 is taking into account part time employment, which does not indicate economical well being, especially since 2 million will be laid off before the holiday season. And I'm curious to hear what this speaker you are talking about said, please explain.