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:
Dot2Win: Your savior had two years with veto-proof congressional majorities and they passed how many budgets? Crickets...
- Ruth Bader Ginsberg to liberals: You really think Obama can replace me? Noah Rothman 21 mins ago
- Building blocks of the GOP Senate majority coming together Noah Rothman 1 hour ago
- Jim Webb: I’m seriously thinking of running for president as a Democrat Allahpundit 1 hour ago
- Climate change so important that cable news ignored Obama’s UN speech Noah Rothman 2 hours ago
- Bill O’Reilly: Why not raise a 25,000-man global mercenary army to fight ISIS? Allahpundit 3 hours ago
- Video: Semi-retired president now saluting Marines with coffee in hand Allahpundit 3 hours ago