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
  • 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

  • A raise for troopers, but what about others?

    Oklahoma Highway Patrol troopers could see an increase in their paychecks during the state’s next fiscal year, which begins in July....

    April 17, 2014

  • Top honors for NPS

    Top honors keep rolling in for both of Norman’s high schools. The district learned this past week that Norman High School and Norman North High School have been recognized as two of the most rigorous high schools in the country and in the ...

    April 16, 2014

  • Wind power bursting

    There are a few wind generators dotting the Norman skyline, but western and northwestern Oklahoma makes up for the deficit here. An industry group this week said Oklahoma ranks fourth nationally in the amount of wind-generated ...

    April 16, 2014

  • Protect your home from wildfires

    To most people, fuel is what you put into your gas tank. To firefighters, it means something altogether different. To people who make a living putting out fires, fuel is that material that feeds wildfires — and there is an abundance of it ...

    April 12, 2014

  • Let’s toast: Main Street bridge nearly complete

    It was January 2013 when crews began knocking down the Main Street bridge over Interstate 35. The timeline on completion has always been this May. If everything comes together and the weather holds for the next few days, the overpass and ...

    April 11, 2014

  • Yes to Capitol and museum

    Two major spending bills have emerged from the powerful House Appropriations and Budget Committee headed by Norman Rep. Scott Martin. Both are up for passage in the full House of Representatives. We believe both deserve passage....

    April 11, 2014