LOLUpdate NOvember 2 , 2012 at 9:10 a.m. ET. Another Way Of Looking At Why The Jobless Rate Went Up:
— 578,000 people reported they had joined the labor force, either by finding work or just by looking for a job.
— 410,000 people said they had found employment.
— So, the ranks of the unemployed grew by about 170,000.
Reminder: BLS is really reporting on two surveys. One of households and one of employers. Two surveys mean two sets of results that sometimes seem to say different things. In this case, though, both surveys are showing job growth in October.
This is great news for Obama 170,000 jobs created in October. Nearly 50,000 more than economists had expected.
Seems like this will seal the deal and President Obama will be elected for another term.
Thanks for posting that Obama's under skilled, inept and inadequate unemployment and economic 'leadership' is leading to INCREASED unemployment.
The release of today's increased unemployment percentage erases any lingering doubt about Obama's incompetence in reducing it.
23 MILLION long-suffering Americans continue unemployed or underemployed.
Obama's clueless, isn't he.
He's like a five year old child sitting in the front seat of a car imagining he's driving.