Failure. Economy Produces Less Jobs than Expected – December Unemployment Rate at 9.4%

Barack Obama is the worst jobs president since the Great Depression and possibly the worst jobs president in US history.

In December the Obama economy once again created less jobs than expected.
We’re getting used to this.

The unemployment rate dropped to its lowest level in a year. It’s still pathetic but maybe there is hope since Republicans took over the House.
Reuters reported:

The economy created far fewer jobs that expected in December, suggesting the Federal Reserve will complete its asset buying program, but the unemployment rate dropped to its lowest in more than 1-1/2 years.

Non-farm payrolls increased 103,000, the Labor Department said on Friday, below economists’ expectations for 175,000. Private hiring rose 113,000, while government employment fell 10,000.

However, overall employment for October and November was revised to show 70,000 more job gains than previously reported. The unemployment rate fell to 9.4 percent, the lowest since May 2009, from 9.8 percent in November.

UPDATE: BB sent in the updated graph that shows where we the unemployment is today compared to where we were told it would be if the Trillion dollar Obama-Pelosi Stimulus was passed.

UPDATE: The actual unemployment rate is closer to 11.7% .

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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Thanks for sharing!