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Unemployment expected to rise in final pre-election jobs report
UPI ^

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 ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS:

1 posted on 11/01/2012 4:00:03 PM PDT by Perdogg
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To: Perdogg

October Suprise...


2 posted on 11/01/2012 4:04:31 PM PDT by StopDemocratsDotCom
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To: StopDemocratsDotCom

*Surprise


3 posted on 11/01/2012 4:05:07 PM PDT by StopDemocratsDotCom
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To: Perdogg

It’s a set-up. UE3 will come in at 7.5% based on Gallup’s mid-month survey.


4 posted on 11/01/2012 4:05:08 PM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: All

sure. A department influenced by Obama donors will put out numbers that reflect poorly on Dear Leader.


5 posted on 11/01/2012 4:06:15 PM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: xzins

No, because even ADP said 158k. BLS is usually in the range og 80% of ADP or in case around 130k.


6 posted on 11/01/2012 4:11:04 PM PDT by Perdogg (Vote like the US Constitution depends on it - it does!!)
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To: Perdogg

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.


7 posted on 11/01/2012 4:12:59 PM PDT by snarkytart
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To: snarkytart

Wait a second, I just read the thread below where Gallup says UE is going to fall. I am so confused.


8 posted on 11/01/2012 4:14:04 PM PDT by Signalman
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To: snarkytart

Most of the gains in the last report were caused by revisions in the previous months.


9 posted on 11/01/2012 4:15:13 PM PDT by Perdogg (Vote like the US Constitution depends on it - it does!!)
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To: Signalman; Perdogg

Boy you’re asking the wrong person when it comes to all these stats on the job market..lol
Sorry. Perdogg?


10 posted on 11/01/2012 4:16:08 PM PDT by snarkytart
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To: Perdogg

The last 9 months job growth has had absolutely nothing to do with a declining UE3.


11 posted on 11/01/2012 4:16:11 PM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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To: Perdogg

Seems like a setup for “beat expectations” meme if it goes down, or “no big deal, was expected” if it goes up.


12 posted on 11/01/2012 4:18:13 PM PDT by Arthurio
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To: All


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13 posted on 11/01/2012 4:20:18 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Perdogg

“The economy continued its strong recovery under the leadership of President Obama as Republicans attempted to downplay the irrefutable evidence leading into election week”


14 posted on 11/01/2012 4:22:20 PM PDT by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
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To: Perdogg

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.


15 posted on 11/01/2012 4:26:31 PM PDT by JudyinCanada
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To: xzins
It’s a set-up. UE3 will come in at 7.5% based on Gallup’s mid-month survey.

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.

16 posted on 11/01/2012 4:26:51 PM PDT by Paradox (I want Obama defeated. Period.)
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To: xzins

My hunch is we will get another steep drop in the rate as well. Rest assured it will go back up after the election.


17 posted on 11/01/2012 4:29:08 PM PDT by Longbow1969
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To: Longbow1969

I think we are going back up to 8 percent, and it might just be the final nail in the Obama political coffin.


18 posted on 11/01/2012 4:33:46 PM PDT by mwl8787
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To: nascarnation

19 posted on 11/01/2012 4:34:19 PM PDT by Brown Deer (Pray for 0bama. Psalm 109:8)
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To: Paradox

Getting honest numbers out of this administration is impossible.

If Obama gets bad numbers I’ll help you eat your hat.


20 posted on 11/01/2012 4:35:25 PM PDT by xzins (Retired Army Chaplain and Proud of It! True supporters of our troops pray for their victory!)
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Comment #21 Removed by Moderator

To: mwl8787; snarkytart; Longbow1969; xzins

http://www.zerohedge.com/news/2012-10-31/grim-preview-fridays-jobs-number


22 posted on 11/01/2012 4:37:25 PM PDT by Perdogg (Vote like the US Constitution depends on it - it does!!)
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To: Perdogg

I’m looking for 6.9%. If Romney wins it’ll be 26% in February.


23 posted on 11/01/2012 4:49:32 PM PDT by amishman
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To: All

the media effect is strong. I expect any change to be spun as a positive for Obama. The rate will have a serious correction coming up soon and it won’t matter.


24 posted on 11/01/2012 4:53:44 PM PDT by newnhdad (Where will you be during the Election Riots of 2012/2013?)
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To: Longbow1969; All

I hope it goes up, for if it goes down, we will hear another four days of “And the economy is now better than when Obama took office....”


25 posted on 11/01/2012 5:40:06 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: snarkytart
Not rooting for bad numbers, just rooting for real numbers. A democracy cannot survive if it bases its decisions on bogus numbers. Socialism does not work, no matter how hard they massage the numbers.
26 posted on 11/01/2012 6:03:09 PM PDT by fhayek
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To: Perdogg

IF the report is dim, along with people being shown on TV upset about the lack of power and water in their area thanks to Hurricane Sandy, the weekend will not be good for zer0. How is that photoop with fatty Christie looking now when it’s all said and done people are getting ready to riot in Jersey.

PS.
Romney should comment on the jobs report if its bad.


27 posted on 11/01/2012 6:19:07 PM PDT by snarkytart
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To: Paradox

http://www.zerohedge.com/news/2012-10-31/grim-preview-fridays-jobs-number


28 posted on 11/01/2012 6:33:58 PM PDT by snarkytart
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To: Perdogg

NO WAY IN HELL that obama will allow that to happen.


29 posted on 11/02/2012 3:24:22 AM PDT by weezel
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