In response to:

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

Greg1084 Wrote: Oct 06, 2012 8:36 AM
Involuntary part-time work +582,000. People whose resources are running out after maxing out on unemployment are having to seek bridge employment until they can get on Social Security and Medicare; also why employment numbers are strongest for those over 55. I should know, although I'm employed, I'm part of that demographic and I can't wait to be a burden to this crappy government than to be a serf in it's fields. Think of it as Cloward-Piven conservatism.

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...