What does latest jobs report really reveal?
Mixed reaction to new numbers
- Duration 2:58
- Date May 4, 2012
Mixed reaction to new numbers
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Hey good evening I'm John Roberts in for -- -- this Friday evening the April jobs report is definitely different things to different people the unemployment rate ticked down from eight point 2% to eight point one.
The president is touting that.
But fewer jobs than expected were created and more people -- just given up on looking for work.
That is fuel for the other side here's our chief White House correspondent Ed Henry.
The reason President Obama can -- a lower unemployment rate.
A stunning 342000.
More people got discouraged and dropped out of the workforce.
That means that share of working age Americans actually working or actively looking for a job is at the lowest level in thirty years even though the president said there was good.
News the unemployment rate ticked down again.
So after the worst economic crisis since the Great Depression.
Our businesses have now created more than four point two.
Million new jobs companies did -- a 130000.
Jobs in April and the president can -- the number of private sector jobs has now reached 111 million slightly higher than when he took office.
Also good the government -- job creation numbers upward by 53000.
For February and march.
-- in April 151000 government jobs were lost for a net gain of just 1151000.
New jobs far below expectations.
There's a lot of folks -- work.
Which means that we've got to do more a sharp change from early this year when the economy was creating jobs edit clip of 200000 a month.
Wall Street analyst John Walden has got to elated to get back to a normal unemployment rate of 5%.
There needs to be 250000.
Jobs created per month for the next five years.
This is a sad time in America.
When people who want work can't find jobs.
Presumptive Republican nominee Mitt Romney today declared a recovery should be creating 500000.
Jobs a month with unemployment of 4%.
That level has not been hit nationally since the Clinton days and Massachusetts never did better than four point 7% when Romney was governor.
I think we're 8% -- over 4% is not cause for celebration.
Romney is pressing the president to approve the keystone XL pipeline since trans Canada has formally re applied for a permanent.
Claiming it will be a big job creator Republicans are hoping the president will prove it this time my message to congress is going to be just saying no.
To ideas that will create new jobs is not an option.
Fox has learned that early next week the president will launch a new push to get congress to pass leftover items from his previous jobs bill including infrastructure spending.
And money to prevent teacher layoffs Republicans say look if you wanna create jobs past keystone.
White House says are open to it.
But still have to go through the environmental process John it's still lots of opposition to keystone from environmental groups -- -- afternoon Ed Henry at the White House said thanks.