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Old 11-02-2012, 07:10 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, 10:49 AM   #31
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Originally Posted by petegz28 View Post
No shit, sherlock. That gets pointed out whenever you libtards go all batshit about the rate going down. I thought I would try your tactic to see how quick you suddenly demonstrated an understanding of basic math.
Good to hear you're happy about the new unemployment numbers!
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Old 11-02-2012, 10:50 AM   #32
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Originally Posted by Swanman View Post
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.
Disagree.

Nothing groundbreaking, but definitively good.
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Old 11-02-2012, 10:51 AM   #33
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Originally Posted by thecoffeeguy View Post
How?
How the hell is 7.8 to 7.9 an improvement?
More people are looking for work.
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Old 11-02-2012, 10:51 AM   #34
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Originally Posted by patteeu View Post
Mitt Romney:
Link, please.
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Old 11-02-2012, 11:51 AM   #35
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Originally Posted by Direckshun View Post
More people are looking for work.
Yet when the unemployment numbers go down, like last month (right before the election ) the government doesn't take into account the number of folks who simply quit looking for work... Factor those in and you'll get the real unemployment rate - I know that you know this...

Keep in mind the stimulous package was supposed to lower unemployment to 5% and create 500,000 jobs a month. Out of the jobs created this month, how many are in the private sector and are full time rather than seasonal?
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Old 11-02-2012, 12:03 PM   #36
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Originally Posted by Direckshun View Post
More people are looking for work.
Ok maybe this would be good if they are able to actually find work but...........

Hey at least they're trying right?
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Old 11-02-2012, 12:05 PM   #37
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Old 11-02-2012, 12:05 PM   #38
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Quote:
Originally Posted by thecoffeeguy View Post
How?
How the hell is 7.8 to 7.9 an improvement?
You need to use your Barrackometer when you have your Obamavisions on.
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Old 11-02-2012, 12:11 PM   #39
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That settles it....I am voting Obama.
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Old 11-02-2012, 12:20 PM   #40
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Originally Posted by Direckshun View Post
Link, please.
Sorry. Here you go: http://abcnews.go.com/blogs/politics...real-progress/
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Old 11-02-2012, 12:22 PM   #41
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That settles it....I am voting Obama.
Not me, I'm holding out for 8%.
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Old 11-02-2012, 01:27 PM   #42
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Originally Posted by TEX View Post
Yet when the unemployment numbers go down, like last month (right before the election ) the government doesn't take into account the number of folks who simply quit looking for work... Factor those in and you'll get the real unemployment rate - I know that you know this...

Keep in mind the stimulous package was supposed to lower unemployment to 5% and create 500,000 jobs a month. Out of the jobs created this month, how many are in the private sector and are full time rather than seasonal?
Jfc yes they do calculate that. It's called U6.
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Old 11-02-2012, 01:28 PM   #43
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I love these threads where everyone is suddenly an expert on the bls and unemployment series.
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Old 11-02-2012, 01:33 PM   #44
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I love these threads where everyone is suddenly an expert on the bls and unemployment series.
says "the expert" on everything
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Old 11-02-2012, 01:41 PM   #45
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says "the expert" on everything
Feel free to point out where I have ever held myself out as an expert. It's not my fault the retards out here don't know shit about finance and the economy beyond what Faux news and the gop tell them
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