Today’s job numbers are America’s Obama hangover following the party at the Democratic National Convention, according to GOP presidential candidate Mitt Romney.
Romney took aim at the 8.1 percent unemployment numbers that were fueled by an increase of unemployed people who stopped looking for work.
“If last night was the party, this morning is the hangover,” Romney said in a statement. “For every net new job created, nearly four Americans gave up looking for work entirely.”
The GOP nominee called the numbers part of the worst economic recovery since the Great Depression.
“We aren’t better off than they were four years ago,” Romney said before going on to praise his economic plan that he claims will create 12 million jobs in four years.
So far, according to FactCheck.org, the Obama economy has produced a paltry net gain of 332,000 jobs since the start of the recovery.
Romney’s running mate Rep. Paul Ryan appeared on CNBC Friday to chide the Obama recovery.
“This is not even close to what a recovery looks like,” Ryan said, “Look, we would need to actually have 150,000 jobs created just to keep in pace with population growth.
“For every net job created, nearly four people left the workforce.”
But the Obama White House sought to downplay the numbers.
“As the administration stresses every month, the monthly employment and unemployment figures can be volatile, and employment estimates can be subject to substantial revision,” the White House said in a statement. “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.”
About John Rossomando
