Pelosi: Unemployment at 7.8% Shows ‘Good Pace, Going in the Right Direction’
(CNSNews.com) – House Minority Leader Nancy Pelosi (D-Calif.) said the unemployment rate remaining flat at 7.8 percent shows a “good pace” and that the country is “going in the right direction.”
“Good morning. It’s a good morning indeed, I think,” Pelosi said, as she began her weekly press conference on Capitol Hill on Friday. “155,000 jobs added in December.”
“Good pace, going in the right direction,” she said. “1.8 million private sector jobs gained in 2012. December was the 34th consecutive month of private-sector job creation.”
The government unemployment report released on Friday revealed that the number of unemployed Americans remained unchanged from November, at 7.8 percent, and adding 155,000 jobs, just above the 150,000 jobs needed each month to keep up with population growth.
The real unemployment rate, which includes total unemployed, those marginally attached to the labor force, and part-time workers, is 14.1 percent nationwide, which translates into about 23 million Americans unemployed.
Meanwhile, unemployment for African-Americans rose sharply in December, up to 14.0 percent from 13.2 percent in a month. The number of unemployed women also rose to 7.3 percent, up from 7.0 percent in November.
Overall, the unemployment rate has not fallen below 7.8 percent since President Barack Obama took office in January 2009, peaking at 10.0 percent in October that year.
The Obama administration predicted that with the passage of the $833-billion economic stimulus package in 2009, unemployment would be lowered to 5.2 percent by December 2012.