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:
The lowest monthly UE rate under this president > than the highest monthly UE rate under his predecessor. This has never happened before.
- Massachusetts set to ban “upskirt” photos after court ruling Dustin Siggins 45 minutes ago
- February jobs report – 175,000 jobs added, 6.7% unemployment Steve Eggleston 1 hour ago
- CPAC: Cruz meets the bloggers; Update: CPAC speech added Ed Morrissey 2 hours ago
- New education plan: Take the “tricky vocabulary” out of the SAT exam Jazz Shaw 2 hours ago
- Quotes of the day Allahpundit 12 hours ago
- Rubio: Only one nation can stand up to the wave of totalitarianism Ed Morrissey 13 hours ago