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:
You should probably read the report, a summary of the report, or a talking-head's analysis of the report before trying to contribute to a conversation on said report.
- Quotes of the day Allahpundit 8 hours ago
- Twitter blocks petition supporting Houston pastors Jazz Shaw 9 hours ago
- Breaking: New White House fence-jumper taken down by K9s, apprehended Mary Katharine Ham 9 hours ago
- Debbie Wasserman Schultz: Barack who? Allahpundit 10 hours ago
- What election? Network news gives up on covering midterms Noah Rothman 10 hours ago
- Could Oregon’s First Lady sink the Governor next month? Jazz Shaw 11 hours ago