The Norman Transcript

Editorials

September 30, 2012

Jobless numbers poseproblem for incumbents

NORMAN — Relatively high unemployment poses a problem for any president seeking re-election. Voters often vote their pocketbooks and the thinner the wallet, the easier it is to push someone out of office.

The national unemployment rate continues above 8 percent. New figures are scheduled to be released Friday but few analysts expect any October surprises. The 8.1 rate for August was down slightly from July.

About 12.5 million workers remain jobless. Forty percent are considered long-term unemployed, meaning they have been without work for 27 weeks or longer. Some speculate the numbers are higher with many dropping off the rolls. Many of those jobs won’t come back.

History says no president has been re-elected with an unemployment rate above 7.1 percent. But a CNN political correspondent told a University of Oklahoma audience this week that may not be the case this election cycle.

Veteran political correspondent Candy Crowley said most voters have already figured in high unemployment in their presidential preference. Voters are concerned about the economy but not necessarily unemployment.

To that end, the numbers are looking up slightly. Housing prices rebounded a bit last month and consumers showed strong spending patterns. The Associated Press reports Americans spent more in August even though their income barely grew. Much of the increase was driven by higher gasoline prices.

For local news and more, subscribe to The Norman Transcript Smart Edition, or our print edition.

1
Text Only | Photo Reprints
Editorials
  • Repairs still needed

    Lawmakers once again kicked the can down the road on making needed repairs to the state Capitol. By a 62-34 vote, they turned down a Senate-approved plan to authorize up to $160 million in bonds to repair the nearly century-old building....

    April 24, 2014

  • Can’t have it both ways

    Local sheriff Joe Lester wasn’t among the state sheriffs and lawmakers protesting the removal of state prisoners from county jails this week. The sheriffs, some of whom have protested by having too many state prisoners in their ...

    April 24, 2014

  • Help for rural America

    A drive through rural parts of the Southwest can be depressing. For sale and for rent signs are prevalent. Businesses along main streets have closed. Unless they are close to a major interstate highway, many communities are in decline....

    April 23, 2014

  • Embarrassment to Oklahoma, again

    The standardized testing that was halted in local schools Monday is another embarrassment to the state. The same thing happened a year ago and Oklahoma gave them another chance....

    April 23, 2014

  • Time to move on; exit of Sebelius is right choice

    From the moment it became obvious that healthcare.gov wasn’t working, Health and Human Services Secretary Kathleen Sebelius became damaged goods for the White House....

    April 23, 2014

  • Happy birthday to us

    We don’t expect any cake and that many candles might be dangerous but today is the unofficial 125th birthday of Norman....

    April 22, 2014

  • Dancing forward

    The official motto for Mike Fowler’s chairmanship of the Norman Chamber of Commerce is “Moving Norman Forward.” But after Thursday night’s annual banquet, the sub-theme should be, “Let’s Dance, Norman.” More than 500 chamber members and ...

    April 19, 2014

  • Local control or not?

    Oklahoma lawmakers are a fickle bunch when it comes to issues of local control. Sometimes they want it and other times they do not....

    April 19, 2014

  • There’s no need to fix system that’s working

    Lawmaker attempts to alter the way judges are selected are being challenged by the state’s lawyers. More than 1,800 signatures on a state bar association petition urging a “no” vote on Senate Joint Resolution 21 have been gathered in just ...

    April 18, 2014

  • On the side of openness

    Oklahoma Gov. Mary Fallin has been criticized for failing to release emails and other information sought by press outlets who believe it was covered under the state’s Open Records Act. Now, Fallin is coming down on the side of keeping the ...

    April 18, 2014

Video
Facebook