In the final jobs report prior to the election, the Bureau of Labor Statistics has announced that unemployment crept up in October to 7.9 percent, as 170,000 nonfarm payroll jobs were added. The broader "U-6" unemployment statistic is 14.6 percent (up a hair from 14.5 six months ago). August and September's numbers were both revised upward, which is a positive sign. As Jim Pethokoukis notes, average monthly job growth in 2012 has been nearly identical to the sub-par numbers of 2011, and hourly wages remain stagnant at best. The "worst recovery since the Great Depression" continues....
In response to:
AllyTramp on Malkin. Bring your own popcorn?
- Scarborough: FL-13 upset shows 2014 will be “historic” Dem loss Ed Morrissey 49 minutes ago
- NBC/WSJ poll shows Obama approval at new low of 41% Ed Morrissey 1 hour ago
- Quotes of the day Allahpundit 10 hours ago
- GAO to audit Oregon’s failed ObamaCare exchange site Mary Katharine Ham 11 hours ago
- Video: Chris Matthews attempts a do-over during his live show Mary Katharine Ham 12 hours ago
- FL-13 special election: Jolly wins! Erika Johnsen 12 hours ago