Fox News
Expand
Browse All Video
Watch Live

You're watching...

Mixed reaction to final jobs report of 2012

Details

  • Description

    What do numbers reveal about economy?

  • Duration 2:41
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Jennifer thank you become a closed down 2012 with more jobs but not enough of them to change the unemployment rate today's numbers match the good.

But not great trend over the last two years.

What -- correspondent Wendell Goler reports as expected the administration sees a silver lining despite the sub par growth.

-- the house and senate met in joint session to confirm voters have returned President Obama -- office for four more years.

The Labor Department reported the break through one jobs he's been looking for since the end of the recession.

Still hasn't happened.

December's unemployment rate was seven point 8% don't change at all since November's rate was revised upward a -- -- -- point.

The 155000.

New jobs.

Just enough to accommodate new entrants to the labor force.

But not enough to take people off the sidelines.

Still the chair the president's council of economic advisors -- a glass half full.

We see.

The economy is healing.

The job market is recovering gradually from the very deep hole that was created by the financial crisis -- the recession.

There are reasons for -- optimism hidden by the static jobless rate.

More people were looking for work and fewer people being laid off despite the fiscal cliff debate and the damage to the northeast caused by hurricane sandy.

But Republican National Committee chairman rights -- said in a written statement quote.

We are recovering much too slowly America should not be applauding months of -- 8% unemployment.

And despite the threat of even slower -- Republicans are determined -- -- spending cuts in the coming fight over raising the debt ceiling.

It's -- to create that bill will the -- necessity to have the discipline to quit spending money we don't -- And now that we have them now that we have that the tax issue behind us.

We can focus a 100% up on the spending issue Alex -- says that might not be a wise approach the economy will do better.

I -- if we address issues like the debt ceiling without.

-- there's anecdotal evidence job growth continues to frustrate the president.

A year ago we showcase this North Carolina furniture maker sold out the Chinese drummers and then had second thoughts when he came home.

And certain new company.

-- -- -- Which operates out of the whole family factories but this week the company announced its bankruptcy not enough sales for it to succeed.

The debt ceiling fight is likely to begin soon after the president returns to Washington this weekend.

Technically the government ran out of money on the -- even -- Treasury Secretary Geithner says some creative accounting moves can hold off the -- a couple of months.

Threat -- -- traveling with the president and Hawaii Wendell thank you.

Load More