Posted on 11/02/2012 5:35:32 AM PDT by xzins
The highest estimate was 150,000. And they blew that away.
It will be interesting to see November/December. I am skeptical.
Watch the MSM try to spin this into good news. Too bad, it won’t work. Jobless rate went up.
Liars. The rate is higher.
MSNBC is saying..this is a positive for the president..it shows the economy is improving...it went up..but this is so so good...WTF!?
Holiday Hiring...
I’m shocked! I expected them to cook the books down below 7% for Dear Ruler.
Not what Obama needed, but he can say he kept it under 8% for all that’s worth.
Anyone know if all states are reporting? I heard something last night that New York and New Jersey numbers wouldn’t be incldued...can’t confirm.
How do you get an increase in non-farm hiring and a rise in the rate? Shouldn’t htey work inversely? I think need to turn off the TV until next Wednesday. Thanks for the post, though..
The spin will be althought the rate of unemployment was up it was because more people entered the workforce feeling they had a better chance of getting a job.
so an increase from 7.8 to 7.9 is ‘unchanged’?
interesting
Obama could be caught in bed with a dead women or live boy and MSNBC would say it is positive for the President....
Market not liking the number
The 7.8% number for September was later “corrected” to 7.9%.
Very true about MSNBC they even spun the fact that the # of people looking for a job(vs those that gave up) went up!! How is that good news
They will spin it positively. Because more jobs were added than expected. Of course, the rate went up, and they would have spun THAT otherwise.. its always about spin spin spin.
The report said that approximately 400,000 people starting looking for work this past month. Under the stupid BLS formula, the more people that are looking for work and do not find work, the more unemployment.
That’s why Rush has been saying that the only way to manufacture a decrease in unemployment is to shrink the universe of people looking for a job. It worked in the inverse this month.
Bad news for the president, the only number people pay attention to is the unemployment rate and it went UP UP UP. I hope Romney has the commercials ready to go...
They are already hard at work doing just that.
The spin is that the higher unemployment rate validates the President’s policies and proves the economy is improving.
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