when you look at people newly unemployed, they are having an easier time easy is a relative term but an easier time finding a job quickly than people out of the labor market six months or longer. concern about people, the 99ers, people on unemployment benefits for a long time. you and i both made this point. the economy is growing and the job market is healing but so slowly. this recovery is so jagged. those sharp edges hurt. if you re out of work it really hurts. you don t care as much about the statistics as if you ve got work. let s go to diane swonk, with mesiro financial. we have seen 11 months of consecutive growth number private sector jobs opposed to government jobs. in november, 50,000 jobs, so many job losses it offset it making it only 39,000 jobs that we grew. is the private sector job growth the silver lining in this disappointing november.
unemployed, they are having an easier time easy is a relative term but an easier time finding a job quickly than people out of the labor market six months or longer. concern about people, the 99ers, people on unemployment benefits for a long time. you and i both made this point. the economy is growing and the job market is healing but so slowly. this recovery is so jagged. those sharp edges hurt. if you re out of work it really hurts. you don t care as much about the statistics as if you ve got work. let s go to diane swonk, with mesiro financial. we have seen 11 months of consecutive growth number private sector jobs opposed to government jobs. in november, 50,000 jobs, so many job losses it offset it making it only 39,000 jobs that we grew. is the private sector job growth the silver lining in this disappointing november. it s a pretty slim silver
friday is the big day. we ll learn whether one employment improved at all in july. with very little time to improve the outlook president obama is acknowledging a tough economic road ahead. we have to grow faster than we are. we have to make sure we deal with the long term unemployment that s out there which is a huge problem. that was the president, of course, in michigan on friday. here is mitch governor jennifer granholm in michigan today. thanks very much for joining us. let s talk about the economic growth, the overall growth slowed and only improved by 2.4%. that s a very slow growth number, the gpd number from friday. the one employment number in michigan is 13.2%. where do you see improvement as you approach these mid-term elections. as the president was here on
states, led us to the great recession and a financial collapse. jon: i ve seen figures that dispute that, simon. that income growth number. no, no. well, the median income is lower today than it was ten years ago and over the eight years of the bush presidency, median income dropped by on $1000 for the typical family, including the people in the tea party movement. so there s been tremondous anger about the economic performance of the united states in the electorate for many, many years. i think this administration inherited an extraordinary set of chal earnings and they ve done pretty well, they haven t done everything they need to to, the country shouldn t be satisfied so far but by the basic measure of wrong track, right track, twice as twi as many believe we re on the right track as when george bush was president so-so the beef that there s an outcry towards this president is ill placed. jon: you re seeing it in the tea party movement but that s what the debate is about. simon
numbers, we need to bring the deficit down so we re not burdening future generations, and need to do so in a way that invest in education, invest in innovation, move to us a clean energy future, the future is brighter because we have continued economic activity. that gets to what andy and joe talked about a few moments ago. the 5% growth number that popped up friday that everybody was so excited about, i m told that it was because companies begun to restock. but to my mind, all of those products that come from china, taiwan, vietnam, we re not making anything anymore, what do young kids do never mind people 50 years of age or older who have lost their jobs, what do young kids do to look for jobs in a country where we don t make stuff? first of all, it s not quite the case that we re not making stuff. but the reason we re investing, for example, in more than $500