Job Watch: US Job Market Has Improved So Much The President Now Makes That His Top Priority

Weatherford, after a poor earnings report, will cut 7,000 jobs.

Oilfield services company Weatherford International Ltd said it would cut 7,000 jobs and warned that its fourth-quarter profit would miss its forecast, hurt by severe winter in North America and operational disruptions in the Middle East.

The company, which had about 70,000 employees at the end of 2012, said in November profitability at its North American operations would improve in the fourth quarter.

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Talk about cognitive dissonance: for the past four years I've read nothing but positive reports from Reuters, Bloomberg, and the White House about how the job market is improving. Even yesterday, when the number of first time applicants for jobless benefits surged, Reuters said it was a sign that the job market was healing. I can't make this stuff up.

But now, after all these reports about how well the job market is, the headline story over at Yahoo!Finance: Obama brings CEOs to Washington, asking for help hiring long-term jobless. Three quick points of advice:

• substitute a mirror for the teleprompter
• think like a businessman, not a lawyer (or community organizer)
• issue an executive order to fast-track Keystone XL to show times have changed