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Old 11-02-2012, 08:10 AM  
dirk digler dirk digler is offline
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Final Job Report before Election...171,000 jobs added

Pretty good number and BLS upward revised the prior months as well.

Quote:
http://money.cnn.com/2012/11/02/news...html?hpt=hp_t1

Hiring increased last month, while the unemployment rate ticked higher, according to a report released just four days before the presidential election.

The economy added 171,000 jobs in October, while the unemployment ticked up to 7.9, from 7.8% in September, the Labor Department said Friday.

Economists surveyed by CNNMoney had expected employers to add 125,000 positions in the month and unemployment to inch up to 7.9%.

The number of jobs added in August and September were revised sharply higher, adding a combined 84,000 more jobs that originally reported.

Professional and business services added 51,000 positions, while health care employment rose by 31,000. Retail and leisure and hospitality also boosted payrolls. Manufacturing was little changed and mining lost 9,000 jobs.
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Old 11-02-2012, 09:06 AM   #16
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Quote:
Originally Posted by dirk digler View Post
I think it could have some effect to help people who are left undecided.
If anything, those people will see the unemployment rate going back up to 7.9% and consider it a setback.
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Old 11-02-2012, 09:09 AM   #17
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Quote:
Originally Posted by Direckshun View Post
More people looking for work again, too, which is why unemployment ticked up.

This is good news.
So when the unemployment rate goes down, it's good for Hussein, and when it goes up, it's good for Hussein...

It must be great being a Dem Socialist prez with the msm in your back pocket...
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Old 11-02-2012, 09:11 AM   #18
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Old 11-02-2012, 09:12 AM   #19
dirk digler dirk digler is offline
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Quote:
Originally Posted by patteeu View Post
If anything, those people will see the unemployment rate going back up to 7.9% and consider it a setback.
I don't disagree
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Old 11-02-2012, 09:16 AM   #20
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Quote:
Originally Posted by Direckshun View Post
More people looking for work again, too, which is why unemployment ticked up.

This is good news.
The rate was forecast to go to 7.9 so this report just met expectations. Job adds came in high than expectations. So they met one metric and exceeded another. Nothing groundbreaking, either bad or good.
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Old 11-02-2012, 09:18 AM   #21
The_Grand_Illusion The_Grand_Illusion is offline
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Quote:
Originally Posted by patteeu View Post
If anything, those people will see the unemployment rate going back up to 7.9% and consider it a setback.
Yup, only in the liberal world is this considered good news. They printed and spent all that money and put us further in debt. His policies have been a disaster.

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Old 11-02-2012, 09:20 AM   #22
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Not even at break even level? I guess bad news is better than disastrous news.
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Old 11-02-2012, 09:29 AM   #23
thecoffeeguy thecoffeeguy is offline
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Quote:
Originally Posted by blaise View Post
Good news, Obama.

Bad news, Bush.
Really? I dont see that at all.

171,000 jobs is a pitiful gain. You need to have double that to show significant gains and drop the employment number.

The fact that it ticks up to 7.9% is good for Obama, bad for Romney? Seriously?


Here is one for you:
in 45 months, the total NET jobs added under Obama is 194,000. Dont believe me? Go check out the statistics on the bureau of lab and do some math.

http://www.bls.gov/

Now, taking that info, it will take the economy 9-10 years to recover.

More like this report is awash, but is definitely not a boost to OBama.
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Old 11-02-2012, 09:30 AM   #24
thecoffeeguy thecoffeeguy is offline
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Quote:
Originally Posted by dirk digler View Post
I think it could have some effect to help people who are left undecided.
How?
How the hell is 7.8 to 7.9 an improvement?
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Old 11-02-2012, 09:32 AM   #25
patteeu patteeu is offline
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Quote:
Originally Posted by thecoffeeguy View Post
Really? I dont see that at all.

171,000 jobs is a pitiful gain. You need to have double that to show significant gains and drop the employment number.

The fact that it ticks up to 7.9% is good for Obama, bad for Romney? Seriously?


Here is one for you:
in 45 months, the total NET jobs in the span is 195,000 job added. Dont believe me? Go check out the statistics on the bureau of lab:

http://www.bls.gov/

Now, taking that info, it will take the economy 9-10 years to recover.

More like this report is awash, but is definitely not a boost to OBama.
He's making fun of the fact that if there's good news it's due to Obama and if it's bad news Bush is to blame.
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Old 11-02-2012, 09:36 AM   #26
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Nobody cares.

Especially if they live in NJ an NY.

These numbers don't mean sh** anyway when you figure how many jobs are needed just to get back to the 4.5% unemployment rate.
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Old 11-02-2012, 09:45 AM   #27
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Mitt Romney:

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Todayís increase in the unemployment rate is a sad reminder that the economy is at a virtual standstill. The jobless rate is higher than it was when President Obama took office, and there are still 23 million Americans struggling for work. On Tuesday, America will make a choice between stagnation and prosperity. For four years, President Obamaís policies have crushed Americaís middle class. For four years, President Obama has told us that things are getting better and that weíre making progress. For too many American families, those words ring hollow. We can do better. We can have real economic growth, create millions of good-paying jobs, and give middle-class families the security and opportunity they deserve. When Iím president, Iím going to make real changes that lead to a real recovery, so that the next four years are better than the last.
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Old 11-02-2012, 10:18 AM   #28
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Quote:
Originally Posted by petegz28 View Post
7.8%-7.9% is going the wrong way
Yeah, but the sentiment of more people entering the workforce is a good thing.

Of course it also underscores that if the workforce was at the same level as when Obama took office the prez would be sitting on double-digit unemployment.
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Old 11-02-2012, 11:01 AM   #29
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171,000 new jobs
170,000 new jobless

http://www.foxnews.com/politics/2012...d-171000-jobs/
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Old 11-02-2012, 11:16 AM   #30
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Quote:
Originally Posted by Munson View Post
171,000 new jobs
170,000 new jobless

http://www.foxnews.com/politics/2012...d-171000-jobs/
Reason for celebration aint it?
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