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

Dorothy152 Wrote: Oct 06, 2012 12:10 PM
The whole thing is beginning to sound like one BIG GUESS anyway! It is just another of those 'POLLS' they call you for at dinner time!

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...