New figures released Friday show that unemployment has dropped to 8.6 percent, the lowest the number has been in two-and-a-half years. Employers added 120,000 jobs in November, according to the Bureau of Labor Statistics. It was appropriately treated as breaking news on Morning Joe this morning, and correctly identified as not just big political news, but as host Joe Scarborough put it, “great news for the president.”
The Associated Press points out that it’s not all rainbows and sunshine. “Roughly 315,000 people gave up looking for work and were no longer counted as unemployed,” in November. The unemployment rate was 9 percent in October.
On the other side of the political aisle, Republican candidate Mitt Romney was a guest on Fox & Friends when the news broke, and was asked about the numbers. “It’s very good news, obviously, going into the holiday season,” he said. “People are shopping again. So, very good news that the unemployment rate is down, more people back to work.”
Watch the news break, and reaction, courtesy of Morning Joe on MSNBC:
Have a tip we should know? firstname.lastname@example.org