Tag: job growth
Job Growth Slows Sharply
245,000
Nonfarm payrolls increased by just 245,000 in November, well below Wall Street estimates of 440,000 as rising coronavirus cases coincided with a considerable slowdown in hiring, CNBC reports.
Gov. Romney on Poor Job Growth in Massachusetts: ‘To Suggest That Somehow the Day I Got Elected, Jobs Should Have Immediately Turned Around, Well, That Would Be Silly’
[When] Romney himself was running a government, in his case the state of Massachusetts, he was even more defensive about his lack of control of the employment picture than Obama is today. A new video unearthed by the liberal research group American Bridge shows Romney at a press conference in June 2006 admonishing reporters on disappointing jobs data. “You guys are bright enough to look at the numbers. I came in and the jobs had been just falling right off a cliff, I came in and they kept falling for 11 months,” he explains.
“And if you are going to suggest to me that somehow the day I got elected, somehow jobs should have immediately turned around, well that would be silly. It takes awhile to get things turned around. We were in a recession, we were losing jobs every month,” he added.