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:
My daughter has 4 of those jobs. One day per week per job. That's all that is out there. Some recovery.
- Holder running out the clock on Fast & Furious? Ed Morrissey 10 mins ago
- Surge: Walker regains the lead in Wisconsin Guy Benson 51 mins ago
- Gallup: Americans trust in the media matches historic low Noah Rothman 1 hour ago
- Obama’s administration at war with itself over ISIS strategy Noah Rothman 2 hours ago
- Video: Biggest insurer in MN pulling out of state exchange Ed Morrissey 2 hours ago
- House passes bill authorizing Obama to train Syria’s “moderate” rebels, with most Republicans voting yes Allahpundit 3 hours ago