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

OldTimer Wrote: Oct 06, 2012 8:55 AM

Assuming the numbers are accurate, I wonder if a large number of those 'part time' employees were hired by organization and individuals who support Obama? After all, SEIU for instance has overy 2 million members, each paying approximately $45 per month in dues so hiring a 'few' part-time community organizers a week or two before the 'jobs report' to assist in the re-election of Mr. Obama would probably be little or no burden. And we must remember that SOMEONE funded ACORN, so who is to say, without an investigation, who was doing the hiring?

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Floyd35 Wrote: Oct 06, 2012 10:07 AM

On target as usual with your assumptions. I whole heartedly agree.

Mitt needs to point out to young folks.... you may not yet be of voting age, but you can impact this electon believe it or not....and you should! The debt was 10 trillion, BHO promised to cut it in half, but instead ran it up another 6 trillion. If he continues in office it will likely hit 20 trillion....which young folks like you will have to pay off through higher taxes, higher everything except salaries. You are the ones who will suffer. So it would behoove you to convincxe mom and dad that BHO is not the one who should be in charge. He believes in taxing and spending while Mitt believes in cutting out wasteful spending, lowering taxes, and lowering our debt!

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

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...