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Unemployment Rate 7.8%- The Web's Most Complete Report

Blair31 Wrote: Oct 06, 2012 4:47 PM
By today's standards, Harry Truman and JFK, were conservatives. Truman was the first President to recognize Israel. Kennedy was the first President since Harding to cut taxes.

Initial Reaction and Election Impact

The establishment report of +114,000 jobs was pretty much about what most expected. The four-month average is a mere 120,000 a month (a very weak set of establishment numbers for this point in a recovery).

However, the household survey surprise shows the unemployment rate fell three-tenths of a percent to 7.8%.

On the surface, this is a solid showing, and 100% certain to boost the Obama campaign. I suggest these numbers will overshadow a horrendously weak...