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....
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Bill1895 Wrote: Nov 02, 2012 9:52 AM
He does not care: he would rather have more on food stamps.
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Smitty41inPB Wrote: Nov 02, 2012 9:43 AM
The lowest monthly UE rate under this president > than the highest monthly UE rate under his predecessor. This has never happened before.
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LuckyLarue Wrote: Nov 02, 2012 9:42 AM
Not yet, but trust me - he'll have it down to the low 4s by 2016.
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Bill1895 Wrote: Nov 02, 2012 9:38 AM
Was the lowest unemployment under Obama lower than the highest unemployment rate under Bush?
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BREAKING: US Unemployment Rises Slightly in October