December 7th, 2012
10:33 AM ET
Washington (CNN) – The White House continued to make its case for extending tax cuts for middle class Americans Friday, this time aided by the positive November jobs report.
Alan Krueger, Chairman of the Council of Economic Advisers, said the report, which showed the economy added 146,000 jobs in November and unemployment inched down to 7.7%, is further evidence of a positive employment trajectory in the United States. He also encouraged support for President Barack Obama’s plan to ensure tax rates for the majority of Americans do not go up at the end of the year.
The White House and Congress are attempting to reach an agreement on taxes and spending before the country goes over the so-called fiscal cliff at the end of the year and the positive jobs numbers are proof the president's policies are working, the White House said.
Economists surveyed by CNNMoney before Friday predicted the report from the Department of Labor Statistics would show the economy added 77,000 jobs in November, with Hurricane Sandy partially to blame.
Instead, BLS said Sandy did not “substantively impact the national employment or unemployment estimates for November.” Increased unemployment in retail trade, professional and business services and health care contributed to the 7.7% figure, which was down from 7.9% unemployment in October and 7.8% unemployment in September.
The November numbers represent the most positive report since Obama took office.
While the president is not expected to address the figures in public Friday, Vice President Joe Biden will attend a lunch with supporters, one of whom participated in the #My2k Twitter campaign, to continue to press for an extension of Bush-era tax cuts for individuals making $200,000 a year or below and couples making $250,000 a year or below, according to the White House.
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