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Category: Unemployment

A Job is “Greatest Social Program”

May. 17 Chris Christie, Economics, Unemployment 4 comments

By Matt Rooney | The Save Jersey Blog

I’m sometimes critical of the Trenton GOP because I want them to succeed, Save Jerseyans. So when its members and affiliates do a lousy job of articulating a winning contrast for one reason or another, you can count on Save Jersey bloggers to speak up.

The worst part is that I know they’re capable of it! Obviously there are few better communicators in modern American politics than Chris Christie, and when he’s disposed to fighting for a particular conservative principle, he reaches a level of impressive yet easily digestible eloquence that few other GOP’ers are able to replicate.

One such example transpired at yesterday’s Sayreville town hall:

By way of background, the Bureau of Labor Statistics announced on Thursday that New Jersey’s unemployment rate fell by 0.3% to 8.7% in April driven by the addition of 4,100 private sector jobs.

A transcript of this video is below the fold…

CONTINUE READING….

127,800 + (-)115,700

Apr. 23 Declan O’Scanlon, Election 2013, State Assembly, Unemployment 1 comment

Corzine Contrast Continues to Dominate GOP Rhetoric

By Matt Rooney | The Save Jersey Blog

Declan O'Scanlon 127,800.

It’s a number that you’ll be hearing a lot between now and November (unless it grows, in which case add a few thousand). It represents the amount of private-sector jobs created since February 2010, the first full month of the Christie Administration.

Like the rest of his party this cycle, the GOP Assembly caucus’s budget officer is betting on voters’ ability to appreciate the historical contrast: 

No matter how much some politicians want our policies to fail, there is no way to refute the fact that our state has created nearly 128,000 jobs since February 2010, which is remarkable considering that our state lost 115,700 jobs in the last year that Jon Corzine and his allies were in charge of state government.”

The road is long. O’Scanlon, an Assemblyman representing New Jersey’s 13th legislative district, is one of the few GOP incumbents to face a primary challenge this June. 

N.J. Unemployment Drops to 9%

Apr. 18 Chris Christie, Economics, John Bramnick, Unemployment 2 comments

Bramnick Celebrates Jobs Numbers; How Will Democrats React?

By Matt Rooney | The Save Jersey Blog

BramnickI’ll be interest to see what Barbara Buono has to say about this, Save Jerseyans.

Assemblyman Jon Bramnick (R-Union, Somerset and Morris) is celebrating new job numbers from the United States Bureau of Labor Statistics (BLS) showing a 0.3-point dip to 9% from February:

New Jersey’s economy continues to rebound. Businesses are again creating jobs because they have confidence that our state is on the right track. Now is the time for tax relief. The governor’s proposed tax cut for residents will further enhance the state’s economic momentum and create more opportunities for growth.”

New Jersey’s private sector employers added 10,400 new workers in March 2013.

Will Sen. Buono celebrate the news, too? Or will she say it’s not good enough? Criticism which I never heard her offer when Jon Corzine or Barack Obama were seeking reelection in rough economies? New Jersey’s unemployment rate reached 9.7% in October 2009 after a full year of Obama and Pelosi’s policies and four years of Jon Corzine’s foolishness; by that comparative measure, Chris Christie is performing much better than his Democrat contemporaries, particularly the current occupant of 16000 Pennsylvania Avenue.

28% of Americans Not Working

Apr. 05 Economics, Unemployment 9 comments

Obama’s Jobless Recovery Continues to Leave the Private Sector Behind

By Matt Rooney | The Save Jersey Blog

Unemployment LineToday’s jobs report can be explained by two numbers, Save Jerseyans:

The U.S. economy generated just 88,000 new jobs in March 2013. We’ve discussed numerous times here at Save Jersey how that’s only about half of what the economy needs to create on a monthly basis just to keep up with ordinary population growth.

The unemployment rate dipped slightly from 7.7% to 7.6%. How? With insufficient job growth for a growing country? Remember… the regular unemployment rate that you hear on TV is the U3 rate; it doesn’t account for underemployed citizens as well as those who’ve simply given up looking.

In March 2013 alone, 663,000 more citizens joined the pool of non-working Americans, bringing total labor force non-participation to 90 million, representing the worst rate since 1979. That’s about 28% of the population sitting on the sidelines!

For those of you who were victims of an Abbott district,  88,000 + (-663,000) = NOT GOOD.

Cool and Pathetic Simultaneously

Mar. 18 Economics, Unemployment 6 comments

New Jersey is Adding Jobs. Imagine How Many More We’d Have With a Sane Legislature!

By Matt Rooney | The Save Jersey Blog

Trenton DomeNew Jersey got a little positive economic news on Monday.

The U.S. Department of Labor reported that the Garden State gained 59,100 private sector jobs in 2012. It represents New Jersey’s best year of job growth in 12 years and corresponded with a 12.5% jump in fourth quarter home sales over 2011.

And Assembly Minority Leader Jon Bramnick (R-Union) was quick to credit his Governor’s policies:

CONTINUE READING….

The Real Crisis

Mar. 01 Big Government, Economics, sequester, Sequestration, Spending, Unemployment 4 comments

Team Obama Hopes Sequestration Mania Will Distract Public From More Horrific Economic News

By Matt Rooney | The Save Jersey Blog

Unemployment LineSequestration is all everyone’s talking about today, Save Jerseyans. It’s boorish! And you’re probably bored. I am.

But it’s also more than a little convenient for the President of the United States. We know that he created this “crisis” by endorsing sequestration in 2011 then, with cuts actually upon us, blaming House Republicans for not bailing him out.

It’s a transparently political ruse. He’s desperately seeking an advantage heading into the 2014 midterms. Any honest broker with a brain can see that… too bad we don’t have more honest brokers with brains! Sill, in order for President Obama to pull it off, he needs to do more than simply discredit Republicans.

President Obama also needs to distract voters from the REAL crisis plaguing our country that continues to fester unabated…

CONTINUE READING….

Obama (Still) Isn’t Working

Feb. 01 Barack Obama, Economics, Unemployment 5 comments

At What Point Will We Admit That This Isn’t a Recovery?

By Matt Rooney | The Save Jersey Blog

Angry ObamaWe learned this morning that our once-mighty U.S. Economy added just 157,000 jobs in January 2013, Save Jerseyans, approximately 8,000 less than expected. That means our national unemployment rate rose to 7.9%, or 0.1% higher than when Obama first took office in January 2009.

Curiously, earlier estimates for November and December 2012 were revised upward. Dramatically so. Upward revisions are commonplace, but finding 86k new jobs from November is creative math at its finest. None of the Labor Department’s magic can fix a labor participation picture that continues to worsen.

All of this sobering news comes days after we discovered that the economy had — gasp! — actually shrunk in the 4th quarter.

And one day after we learned that the President is disbanding his “jobs council.”

Your Blogger-in-Chief and the other Save Jersey contributors have expended endless amounts of digital ink detailing (not just declaring) the reasons why Barack Obama’s Administration is a historic jobs failure. The mainstream media, in turn, parroting the Obama Administration line that our economy was in recovery. That’s why their headlines included the words “shock” and “surprise” when news of the 4Q contraction came out this week. Unfortunately, they still reach more readers/viewers than blogs like ours. For now.

But doesn’t economic stagnation become self-evident at a particular juncture? At what point are we going to admit that this isn’t a recovery? At what point do we wake up to the fact that Barack Obama is a miserable failure, in terms of real numbers, unrealized promises and historical comparison? 

If the latest job approval numbers are any indication, almost 60% of the country either (1) doesn’t care or (2) isn’t effected.

May God help us… and send us someone who can reach the 60%!

A Historic Jobs Failure

Jan. 22 American History, Barack Obama, Economics, Inauguration Day, National, Unemployment 4 comments

By Matt Rooney | The Save Jersey Blog

Obama Inaugural 2013We’ve all heard that the current U.S. unemployment rate is the exact same as four years ago in January 2009: a persistently high 7.8%. It represents zero progress since “change” and “hope” came to Washington. None. Zilch. Nada.

Damning, wouldn’t you agree?

The President’s defenders (quite a few of whom served an on-air analysts for yesterday’s inaugural ceremonies) are quick to point out that he inherited a MASSIVE financial and economic mess, one which it will take time to remedy. But we’re headed in the right direction. Moving forward. Winning the future.

Blah blah blah.

Facts are stubborn things, Save Jerseyans. A very basic historical analysis, resting upon government statistics generated utilizing identical mathematical formulas, should settle this argument for any honest broker. Let’s look at the last two American Presidents who inherited significant economic downturns…

CONTINUE READING….