VIDEO: Fratto on CNBC – Next Stop: The Fiscal Cliff
Fratto on NPR – Scrutinizing The Candidates’ Stump Speeches
Listen to Tony Fratto scrutinize an Obama stump speech here.
Fratto on President Obama’s oft-cited job creation statistic:
“Everyone is going to be selective in their choice of data points…They only talk about job creation. They don’t talk about net job growth over the course of the administration, which they’ve only I think, barely gotten back to even.”
Fratto on President Obama’s deficit reduction plan:
Spending on “education, research – all good things. But if you just listen to this formulation again. Cut the deficit, pay taxes, but then we’re going to spend it. So that’s not cutting the deficit.”
Read more of Fratto’s interview with Tamara Keith here.…
VIDEO: Fratto on CNBC – Mitt Romney Must Be Seen as a Credible Alternative
VIDEO: Fratto on CNBC – Building Relationships in Asia
Victory! (with lots more to do)
Click for PDF Version.
View Jobs Day Fact Sheet here.
By Russ Grote, (202) 822-1205, rgrote@hamiltonps.com
With the unemployment rate dipping below the politically significant 8.0 percent this past month, the HPS Jobs Model has come to a positive end. While it seemed President Obama would have a difficult time seeing unemployment in the sevens by Election Day, job gains last month surprisingly pushed the unemployment rate across the 8 percent threshold.
The comforting aspect of this jobs report is that the 0.3 percent decline in the unemployment rate was driven by job growth, not declines in the labor market. The establishment survey found 114,000 jobs were added in September and the household survey saw over 800,000 jobs added this month with over 400,000 people re-joining the labor force.
While the household survey number may seem abnormally high, it is a highly volatile month-to-month metric. In fact, the household survey showed 316,000 jobs lost in the two previous months, while at the same time the establishment survey showed 259,000 jobs gained. With a longer …
September Jobs Day Fact Sheet
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Read Russ Grote’s Client Note “Victory! (with lots more to do)” here.…