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Post by jeffolie on Oct 28, 2012 11:51:13 GMT -6
Jobless Number picks winner Friday? One of the few economic number that the media plays up remains the monthly U3, unemployment number. Friday's number may influenze the vote. An 8% or higher will supposedly aid Romney ... under 8% will supposedly aid Obama my jeffolie view: the Friday jobless U3 will have only a tiny influence, if any on the Nov elections. ============================= 4.bp.blogspot.com/-Y4Si5qNrtjU/UIw8FGQZpWI/AAAAAAAAT3g/dmYVKkQMSds/s1600/EmployOctForecast.jpg1.bp.blogspot.com/-EWouogKfASQ/UG7XS4tBLpI/AAAAAAAASSk/3I8Qqm8-cVs/s1600/JobLossesSept2012.jpgFriday, Nov 2nd 8:30 AM: Employment Report for October. The consensus is for an increase of 120,000 non-farm payroll jobs in October; there were 114,000 jobs added in September. The consensus is for the unemployment rate to increase to 7.9% in October, up from 7.8% in September. This second employment graph shows the percentage of payroll jobs lost during post WWII recessions through September. The economy has added 5.2 million private sector jobs since employment bottomed in February 2010 including preliminary benchmark revision (4.6 million total jobs added including all the public sector layoffs). There are still 3.7 million fewer private sector jobs now than when the recession started in 2007 (including benchmark revision). Read more at www.calculatedriskblog.com/#hXWjSgAFup1g7V25.99
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Post by unlawflcombatnt on Oct 28, 2012 22:35:56 GMT -6
The Obama mis-Administration has done one of the best propaganda jobs on record. They've convinced much of the American public that they've actually made the job situation better.
Nothing could be further from the truth. The weekly new claims for unemployment are essentially unchanged from what they were a year ago, despite the touted "improvement" almost every week.
The numbers are actually higher on average than they were a year ago.
There are roughly the same number of people employed today as there were when Obama took office. And there are roughly 8 million more non-employed, working age Americans than there were when the Great One took office.
Obama should have been working on policy during his term in office, instead of soliciting and essentially bribing big money donors, while trying to spin the news and connive the American People into thinking he accomplished something.
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