million jobs. in 2011, 1.9 million private sector jobs created. 280,000 government jobs were lost. romney s saying more americans have lost their jobs under president obama than any president in modern history. is he bending the truth and also benning the truth when he talks about bain capital and the fact he was able to create jobs when the fact was that was just a by-product? he s not bending the truth on either. so bain capital was out to create jobs not make money bain was out to make money, but it also created jobs along with making money. mitt romney does not need to or should not run away from his record at bain capital. also a successful in the public seg tor. those numbers he has put o oout romney left bain capital, so what you re looking at here is obama can t see that their job numbers are not standing up to
good. the unemployment rate is still stuck at 9.1%. dan lothian is adding up the numbers. what do they mean for the president and for the american pe people? the economy is having a difficult time finding traction even as the 2012 campaign ramps up. republicans are blaming this on the president s quote failed policies, but this is all showing a sense of urgency for the president and members of congress that they need to do something now. on a beautiful fall day in the nation s capitol, nothing but blue skies and sunshine. but a dark cloud continues to linger over the nation s economy. the reason we re not seeing the hiring we want is because we re not seeing the economic growth we need. the latest numbers bare that out. unemployment remains at 9.1%, what a white house called unacceptably high. while employers added 103,000 jobs, the report was relative weak. it is far from good enough. white house aides say this underscores the need for quick action on the president
way out of the problem. dave: congressman, grim economic numbers on friday: 54,000 jobs created and unemployment number creeps up. what does the president need to do to get jobs created? what do the house republicans propose he do? guest: it s very simple: the president needs to put e.p.a. on a leash, cut the regulations that are onerous to our businesses. they are strangling our businesses. we need to give certainty to tremendous. we need to give certainty to the markets and let people understand we re serious about our fiscal house. you have to live in a budget. the american families have to live with a budget. when you history with that budget it grants certainty with the family. same with the economy. we need our energy prices under control. i have been saying this nor six months which is derailing the economy and the president sits by and gives us more rhetoric. dave: yourself and others in
that s what it looks like to me. a jobless rate at 9%. we want it going down but you have 36,000 jobs created. you try to look at a trend and for the year 215,000 less jobs created than we thought and more in december and november than we thought. trying to find is trend is difficult here. what i think is important to get is that there are two different sets of data they use. one set of da that where the labor department calls people up, are you working? another set of data, the companies report whether they re hiring or firing and how many jobs that they have. and i really wanted to ask the chief economist of mesirow financial, could it be that in this new kind of jobs market we have, when they say, are you working? they say, yes, working, but at home or working part time or working kind of a contract job and not captured overall in the
i turn to my ur money co-host christine romans. a gain of 39,000 jobs when we expected 150,000. clearly a disappointment. i don t know how anybody can spin this any other way. you have positive jobs growth two months in a row. last month revised upward to 172,000 jobs created in october but in november only 39,000 jobs created and a,000 overall private sector jobs created. that is the right direction as you point out, but it s not enough. and that continues to be a problem. when you look at the whole year for jobs growth overall, i mean, the trend is improving and the trend is what s important here. but improving very cautiously, ali, and not improving as much as some of the other indicators in the economy would suggest. also, when you look at that private again, you want the private sector creating jobs. we know that small businesses businesses that employ less than 500 people or 100 people have