The US unemployment rate rose slightly last month, but remained below 8 percent, as US employers added jobs for the 25th consecutive month, signs of a slow but steadily advancing recovery just days before voters head to the polls in a election that has hinged on their views of the economy.
In its last report before the election, the Labor Department estimated the unemployment rate at 7.9 percent, up from 7.8 percent in September, and employers added 171,000 jobs. In addition, the Labor Department said, the nation added about 84,000 more jobs in the September and August that previously estimated, another indication that the labor market has accelerated since the spring, when job growth nearly stalled.

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It's seasonal hiring! 3 months and their jobs will be over with ... job numbers increase every year at this time. The 171,000 part-time seasonal workers will be unemployed again in Jan 2013.
Does that mean in Januaray we can blame President Romney?
and yet Obama AGAIN refuses to follow the law ands submit his plan for the second term.
Regulatory Flexibility Act§ 602. Regulatory agenda
(a) During the months of October and April of each year, each agency shall publish in the Federal Register a regulatory flexibility agenda which shall contain--
(1) a brief description of the subject area of any rule which the agency expects to propose or promulgate which is likely to have a significant economic impact on a substantial number of small entities;
(2) a summary of the nature of any such rule under consideration for each subject area listed in the agenda pursuant to paragraph (1), the objectives and legal basis for the issuance of the rule, and an approximate schedule for completing action on any rule for which the agency has issued a general notice of proposed rulemaking, [FN1] and
[FN1] So in original. The comma probably should be a semicolon.
(3) the name and telephone number of an agency official knowledgeable concerning the items listed in paragraph (1).
(b) Each regulatory flexibility agenda shall be transmitted to the Chief Counsel for Advocacy of the Small Business Administration for comment, if any.
(c) Each agency shall endeavor to provide notice of each regulatory flexibility agenda to small entities or their representatives through direct notification or publication of the agenda in publications likely to be obtained by such small entities and shall invite comments upon each subject area on the agenda.
(d) Nothing in this section precludes an agency from considering or acting on any matter not included in a regulatory flexibility agenda, or requires an agency to consider or act on any matter listed in such agenda.
The Office of the President is not actually a government agency, so you are taking things out of context. There are plenty of legitimate reasons to support either Romney or Obama, but this isn't one of them. I realize that, for a partisan, any form of cannon fodder is good fodder, and both sides do it, but don't go getting bent out of shape if anyone calls your bluff. Oh, and I hope you have good golfing weather for a couple more weeks.
http://www.alternet.org/media/how-fox-news-created-new-culture-idiots
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7.8% when he took office. 7.9% when he loses
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Hey, so System, turns out you were wrong about Benghazi. I can't wait for the apology post.
http://www.nytimes.com/2012/11/02/world/africa/cia-played-major-defensive-role-in-libya-attack.html?ref=world
Only in the Globe is an increase in unemployment a "steady recovery"
As the article says:
""The unemployment rate rose to 7.9 percent from 7.8 percent in September, mainly because more people began looking for work. The government uses a separate survey to calculate the unemployment rate, and it counts people without jobs as unemployed only if they’re looking for one."
You DID read it, right?
Actually, that same assessment is being echoed by most news organizations all over the country. I'm sure Fox News thinks otherwise, though.
Interesting breakdown from Zerohedge
To wit: when broken down by age group, the total October increase shows that of the new jobs, 10.7% went to those aged 16-19 (source), 11.6% went to those aged 20-24 (source), a tiny 9.8% went to the prime agr group: 25-54 (source), and a massive 67.8% went to America's baby boomers: those aged 55 and over (source), and who refuse to leave the workforce and make way for others.
And this from ZH: As we first observed in February of 2012, we will not tire of repeating that when it comes to the jobs picture there are two key components: the quantitative, or the headline jobs and unemployment rate numbers everyone is fascinated by at 8:30 am each first Friday of the month, and the qualitative, or the number that gets far less attention, yet which is so very critical to Americans on those occasions they want to use their earned wages to purchase goods and services. And this is where the ugly side of today's jobs report came out. Because while the quantitative data was good, just as we and everyone else had expected from the final datapoint before the election (the good news there is that finally we will revert to reality following November 6), the qualitative data was ugly. How ugly? As the BLS reported, the average hourly earnings in October declined from $19.80 to $19.79 in September, and at $19.57 last October. This was only the fifth sequential decline in this series since the start of the Depression in December 2007. But more important was the Y/Y change in average hourly earnings. At 1.1% (down from 1.4% a month ago), this was the lowest Y/Y increase in this series, topping the collapse in real earnings which started in December 2008, and is now the lowest in history. In other words, more jobs may be added, but on a real basis, wages are not even keeping up with inflation!
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Sandy is Obama's Katrina, not the BP oil spill
Romney speech today:
Four years ago, candidate Obama promised to do so very much, but he has fallen so very short.
He promised to be a “post-partisan president” but he became the most partisan– blaming, attacking, dividing.
He was going to focus on creating jobs. Instead, he focused on Obamacare, which killed jobs.
He said he was going to cut the federal deficit by half; then he doubled it.
He said that the unemployment rate would now be 5.2%; today we learned that it is 7.9%–it is 9 million jobs short of what he promised. Unemployment is higher today than when Barack Obama took office.
He promised that he would propose a plan to save Social Security and Medicare from insolvency. He did not; rather, he raided $716 billion from Medicare for his vaunted Obamacare.
He would lower health premiums by $2,500. Now they are higher by $3,000. And gasoline? The American family pays $2,000 a year more for gasoline today than when he was elected.
He said he would work across the aisle on the most important issues. He has not met on the economy, or on the budget, or on jobs, with either the Republican leader of the House or the Senate since July. Instead of bridging the divide, he has made it wider.
How is it that he has fallen so short of what he promised? In part, it is because he has never led, never worked across the aisle, never truly understood how jobs are created in the economy.
And today, he makes new promises, promises he will be unable to keep, because he admits that he will stay on the same path. The same course we have been on will not lead to a better destination.
The same path means $20 trillion in debt, crippling unemployment, stagnant take-home pay, depressed home values, and a devastated military. And unless we change course, we may be looking at another recession.
The question of this election comes down to this: do you want more of the same or do you want real change?
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Slower than we'd like, but going in the right direction! Forward!
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Another Globe puff piece. Tell this garbage story to the 23 million who are unemployed or underemployed. The ONLY jobs that Obama can create are Federal jobs. He knows zero about how to create jobs in the private sector.
Slow steady recovery? The official unemployment rate remains stuck near 8 percent. It would be much higher if we accounted for involuntary part-timers, discouraged workers who have temporarily stopped looking for work and workers now collecting disability checks who probably will never return to the job market.
A "Slow, steady recovery"? But the jobless rate went UP. "Believe The Globe. Not your lying eyes."
Again, as the article says:
""The unemployment rate rose to 7.9 percent from 7.8 percent in September, mainly because more people began looking for work. The government uses a separate survey to calculate the unemployment rate, and it counts people without jobs as unemployed only if theyâre looking for one."
You DID read it, right?
Why read the whole thing when you don't like what you read? Typical.