Skip to comments.Snap Analysis: Good employment report despite jobless rate rise
Posted on 11/02/2012 6:25:58 AM PDT by Oldeconomybuyer
(Reuters) - Employers stepped up hiring in October, a hopeful sign for the economic recovery and potentially an 11th hour boost for President Barack Obama's bid for re-election, even though the unemployment rate rose from near four-year lows.
Over the past 12 months, hourly earnings for all workers are up just 1.6 percent, the lowest on records dating to early 2007. A measure with a longer track record that covers only production and non-supervisory employees was up only 1.1 percent -- the lowest on records dating to 1964. (Reporting by Lucia Mutikani; Editing by Tim Ahmann)
(Excerpt) Read more at reuters.com ...
Employers stepped up hiring in October...
Christmas hiring ???
Right on cue. Nothing but pimps.
They’ll all be laid off after the holidays.
Heaven above please throw these people out of power next week.
(*&#(# them, all of them. All of these lying media whores who cover up for their bastard in the Whitehouse. They are reason why zer0 is on his way to being re-elected. No poll is showing R ahead anymore. I’m tired of the denial. All thanks to the big propaganda machine in the media.
Nothing to see here!!! Rueters “in the tank for Obama” nonsense!!! Obama gains zilch from these job numbers. The real October surprise will end up being Libya, the continuing failed economy and lack of jobs and.....most important, the building fiasco & meltdown occurring in New Jesey and New York resulting from Hurrican Sandy. “Obama plays, while NY & NJ prays”!!! Failed leaaders; “only I count” Obama, “heavy weight” Christie, “marathon: Bloomberg & adrift at sea, Coumo!!! God, with all your power, love & strength, watch over these frightened, challenged and without a leader, folks from New York & New Jersey....because POTUS Obama and the other clowns could care less!!!
Average hours worked - DOWN
Average income earned - DOWN
Median Family Income - WAY THE HELL DOWN (lost 4.8% since June!)
Black unemployment - WAY UP ( 0.9 increase IN ONE FREAKIN MONTH!)
Since the Labor Dept. is now counting those with 34 hour/week as “full-time employees” these numbers are inflated. In the past, full time employment required a 40 hour/week. This administration has cooked the books so often that no intelligent person believes them. Of course, the Obama’s media just doles out this slop without a question.
Remember when Bush was President, what the analysis was?
The only number most people pay attention to will be the uptick in unemployment to 7.9%.
Let me see if I understand this...
The unemployment rate increased and this is considered a “good employment report.”
Geez, in that case I hope Obama gets reelected so we can get to at least 50% unemployment because that would be fantastic news!
Extreme sarcasm implied, btw.
When Romney is elected, THAT VERY DAY, a sudden drop in Unemployment, from 7.9% to 3.2%, will be trumpted as the death of employment in America.
They are reason why zer0 is on his way to being re-elected. No poll is showing R ahead anymore. Im tired of the denial. All thanks to the big propaganda machine in the media.
Dude. Step away from the internet. It ain't what yer sayin'.
That would be Halloween hiring. Apparently it is the second biggest retail season behind Christmas.