Rep. Steve Stockman’s 10-foot-long “Failometer” for President Obama may be physically gone, but it’s not forgotten.
The Texas Republican had posted the billboard tracking Mr. Obama’s economic failures in office on the wall of the corridor outside his congressional office in February, but House officials told him to take it down.
But he’s still keeping track; for May, he’s awarded Mr. Obama a score of 1,166 — on a scale of 0 to 1,000 — slightly better than the initial February score of 1,194.
Mr. Stockman uses monthly jobs created, civilian labor force participation rate and unemployment among African-Americans and Hispanics to calculate the score.
“Not only is Obama choking the life out of the economy, Obama is punishing blacks and Hispanics the harshest,” Mr. Stockman said. “No wonder Obama has completely given up on the economy and is now focused on radical left-wing wedge issues.”
The Bureau of Labor Statistics reported Friday that non-farm payroll employment rose by 165,000 jobs in April and the national unemployment rate ticked down from 7.6 percent to 7.5 percent, a four-year low.
Alan B. Krueger, Chairman of the White House Council of Economic Advisers, said in a blog post that the report “provides further evidence that the U.S. economy is continuing to recover from the worst downturn since the Great Depression.”
“As the administration stresses every month, the monthly employment and unemployment figures can be volatile, and payroll employment estimates can be subject to substantial revision,” Mr. Krueger wrote. “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.”
Upward revisions to the government’s jobs reports from February and March added a total about 114,000 jobs to those initial counts.