January's Jobs Report And Unemployment

The economy created 113,000 net jobs in January according to the U.S. Labor Department.  Not a great number but once again in positive territory.  There were 115,000 formerly unemployed who found jobs.  The unemployment rate fell to 6.6%, the lowest since October 2008.  I can remember when republicans in congress said it would be good if the unemployment rate would fall below 8%.

Once again it is a democratic administration that has brought the economy and job creation back to positive territory with out any help from the republicans in congress who still would like to see the country and its people fail.  The republican party under President G.W. Bush had the worst job creation record since the great depression and they want it bad to be able to say that President Obama, a democrat, had the worst job creation record but they will never see that day.  There has been no republican administration in the past 50 years that created more job than the democratic administration they followed.  Nada.  Not even President Reagan who's administration created a little over 5 million jobs in his first term in office while President Carter's administration created over 10 million jobs in its first and only term in office.

For those who are interested in the economy, job creation and etc., see my previous commentary's named below. 


Four Part Series dated 1/27/08 (start) titled:  The U.S. Economy:  Which Party Performs Best?

Job Creation For Presidential Terms:  1929-2008  dated 11/5/10



This commentary written by John Lucia.