Skip to comments.Unemployment expected to rise in final pre-election jobs report
Posted on 11/01/2012 3:59:57 PM PDT by Perdogg
The U.S. Labor Department is expected to report Friday the U.S. economy added 125,000 jobs in October and unemployment increased to 7.9 percent.
Hurricane Sandy should little affect these estimates as employer and household surveys were conducted earlier in the month. Going forward, the hurricane will depress employment but only until
(Excerpt) Read more at upi.com ...
It’s a set-up. UE3 will come in at 7.5% based on Gallup’s mid-month survey.
sure. A department influenced by Obama donors will put out numbers that reflect poorly on Dear Leader.
No, because even ADP said 158k. BLS is usually in the range og 80% of ADP or in case around 130k.
So you think this is real and it’ll increase one tenth?
I hate rooting for a bad number but in reality it’s not the real number anyway so I’m all for 7.9 tomorrow.
Wait a second, I just read the thread below where Gallup says UE is going to fall. I am so confused.
Most of the gains in the last report were caused by revisions in the previous months.
Boy you’re asking the wrong person when it comes to all these stats on the job market..lol
The last 9 months job growth has had absolutely nothing to do with a declining UE3.
Seems like a setup for “beat expectations” meme if it goes down, or “no big deal, was expected” if it goes up.
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The economy continued its strong recovery under the leadership of President Obama as Republicans attempted to downplay the irrefutable evidence leading into election week
If the regime is letting it be released, the number will serve them.
Lately I have read about numerous large companies laying off thousands....maybe they haven’t figured in yet.
Agreed, its a game of expectations. It's happened before as well, so I would not be the least bit surprised if it is good news. I am not a hand wringer, well maybe I am, but I am sick of the media manipulating public perception like this.
If in fact it DOES come out bad for Obama, I'll eat my hat.
My hunch is we will get another steep drop in the rate as well. Rest assured it will go back up after the election.
I think we are going back up to 8 percent, and it might just be the final nail in the Obama political coffin.
Getting honest numbers out of this administration is impossible.
If Obama gets bad numbers I’ll help you eat your hat.