Posted on 11/02/2012 5:35:32 AM PDT by xzins
at least until its revised
The unemployment rate rises. So much for “signs of recovery.” Spin this all they want, the soundbite is: unemployment has risen AGAIN under President Stupid.
Here, let me rephrase that:
Numbers were fudged to finally get it under 8%.
This isn’t even a dead cat bounce,
This is a good time to remind everyone to use proper headlines in order to avoid duplicates.
Thanks, AM. I appreciate your help.
Thank you!!
So if things are really “unchanged” then we should expect a correction to 8.0% for October.
I’m new here. I’m 41 and live in Ohio and I don’t care how they spin this its bad for obama. It should have went down for it to be good for obama. Plus the jobs numbers should be over 300,000 a month to be good. His weren’t even half that. Not good.
http://www.freerepublic.com/focus/chat/2953611/posts?page=38#38
. this is not to say I was right but to expose this evil lying government and evil lying communist Obama and the evil lying marxist media.
http://www.freerepublic.com/focus/chat/2953611/posts?page=38#38
. this is not to say I was right but to expose this evil lying government and evil lying communist Obama and the evil lying marxist media.
Yup. I've read that 82 of the last 83 weeks have been revised upward. So I'm guessing in the next couple weeks we will see 8%. Still those numbers are never the true picture of unemployment because they never include the millions who have given up looking for jobs or the underemployed, not to mention the thousands of recent graduates who can't find work. Plus, Holiday hiring starts at the end of October which always skews the numbers to the positive. So the real first time applications for unemployment insurance would be worse.
CNBC is trying to say this .1% increase is a good thing. Have to say that although the BLS always has to "correct" their numbers (which is plausible due to late reporting), it seems to be non-partisan and didn't try to massage the numbers down from 7.8% to give Bambi a positive, as many here often postulate. That's good thing but makes a person wonder why he doesn't control them.
Also, are there any missing numbers from the eastern States/Counties due to Sandy? And what about the reports of many large companies anticipating layoffs? Then there is always Europe that is still contracting.
Bottom line, let's see Bambi spin this .1% increase as a positive. Then let's see Romney give the bigger picture which includes some of the facts stated above.
That was not addressed to you personally- but the contents of the post
Romney can run with this. After 4 years the unemployment rate under the socialist has risen,not declined. I mean this is a hanging curve.
Romney could say “The President is claiming we are making progress. Yet October unemployment is 7.9%. October was revised up. Unemployment is higher now than when the President took office. Worse, yes, it gets worse... look at more continuing trends: October paychecks are down, October hours worked are down, and the added jobs President Obama brags about are not even enough to keep up with population growth.”
Then ask the crowd “Does this sound like progress to you?”
(pause for crowd response)
“I don’t think he hears you. Is this progress?”
(pause)
“Are you being told the truth?”
(pause)
“Does the President deserve your vote?”
(pause)
“Can this great nation do better?”
(long pause)
“With your help, WE. WILL.”
The U rate went up because the labor force grew so more people were looking for work.
To keep the rate steady we have to grow at a 3% rate according to history.
This job growth is way too low to bring the 23+ million without full time work back. Even 200,000 per month would take TEN years to get back to 2007.
That's what I think. I expect to find that the jobs added were part time temp jobs, and that we lost some full time jobs, as happened last month.
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