Sunday, August 02, 2015
Current Weather
Loading Current Weather....
Published: Tuesday, 10/9/2012

Good jobs news

A new fed­eral re­port con­cludes that the U.S. econ­omy cre­ated 114,000 jobs in Sep­tem­ber, and 86,000 more jobs in July and Au­gust than were pre­vi­ously re­ported. The na­tional un­em­ploy­ment rate dropped from 8.1 per­cent in Au­gust to 7.8 per­cent in Sep­tem­ber.

But 12.1 mil­lion Amer­i­cans are still un­em­ployed. Mil­lions more re­main un­der­em­ployed, and hold jobs be­low their skill level. Many oth­ers have stopped look­ing for work, pur­su­ing ad­di­tional ed­u­ca­tion or train­ing, or just giv­ing up the search.

Still, it is hard not to be happy about more Amer­i­cans go­ing back to work. Pres­i­dent Obama's Dem­o­crats should feel good. Mitt Rom­ney's Re­pub­li­cans dare not ex­press great un­hap­pi­ness, even if they would have pre­ferred more ev­i­dence of what they con­sider Mr. Obama's feck­less guid­ance of the econ­omy.

The state of the U.S. econ­omy in the global con­text presents a more gloomy pic­ture. The un­em­ploy­ment rate in the eu­ro­zone hit a new high of 11.4 per­cent this month.

A storm still rages in Europe over the bud­get and debt sit­u­a­tions in many coun­tries. Red lights con­tinue to flash de­spite ef­forts by the Euro­pean Cen­tral Bank to sta­bi­lize the sit­u­a­tion by prom­is­ing to buy bonds from shaky coun­tries.

People in Greece and Spain are pro­test­ing ef­forts by their gov­ern­ments to put their fis­cal houses in or­der to qual­ify for bail­outs from the cen­tral bank. Ger­many re­mains on board with those ef­forts, but is in­creas­ingly re­sent­ful. Even China is weav­ing a lit­tle on the eco­nomic high­way.

Amer­i­cans should build on this en­cour­ag­ing re­port about job cre­ation. But jobs re­main the key is­sue in the pres­i­den­tial cam­paign, and de­mand more than rhe­tor­i­cal at­ten­tion from the nom­i­nees.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories