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BREAKING: US Unemployment Rises Slightly in October

Smitty41inPB Wrote: Nov 02, 2012 9:20 AM
This would be an OK jobs report if we still didn't have a jobs gap of nearly 13 million some 3 1/2 years into a recovery During the Reagan Recovery, by contrast, ALL lost private sector jobs were regained after just 10 months
Smitty41inPB Wrote: Nov 02, 2012 9:20 AM
so
a) average weekly hours of work,
b) average hourly earnings,
c) average weekly earnings

all declined.

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....