7.8%..........

boskey

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Prince Akeem said:
oDO3G.png


:russ::umad:
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Is there any doubt that certain people of influence in this country are working to undermine the president
 
FAH1223

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Obama = :whew:

Unemployment rate falls to 7.8% - The Washington Post

The job market is finally showing some juice.

The unemployment rate fell to 7.8 percent in September, the Labor Department said Friday, from 8.1 percent in July, its lowest since January 2009. It is a surprising show of improvement in a job market that had seemed listless in recent months. Unlike in August, the number improved for the right reasons: Not because people gave up looking for jobs, but because far more people reported having one.

Employers reported creating 114,000 jobs in September, almost identical to analysts’ forecasts, but revisions to data from July and August brought improvement of that measure of the job market as well.

Add it up, and what had seemed to be a summer lull in employment increasingly appears not to have been much of a lull at all.

While it is that headline number — the drop in the unemployment rate — that will surely capture the most attention in the final weeks of a hard-fought presidential campaign, if anything the inner details of the survey on which it is based reveal an even rosier picture.

The unemployment rate fell despite more people — 418,000 of them — entering the labor force. That brought the ratio of the American population with a job to its highest level since May 2010. Some 873,000 more Americans reported having jobs in the survey of households, and 456,000 fewer reported not having a job but wanting one.

It is important not to place too much weight on one report — although with its timing a month before the election, the September numbers tend to receive more attention than most. But altogether, the new numbers point to an economy that is not in as dire straits as it has seemed for much of the summer.

There has been some other evidence that consumers are feeling better about the state of the economy: The Conference Board’s consumer confidence number rose to 70.3 in September from 61.3 in August, and the University of Michigan’s consumer sentiment survey showed a similar rise. Combined with strong gains in the Labor Department’s survey of households, that points to an improvement of conditions that ordinary Americans are seeing that is not visible in slower but more reliable data on production and output.

And indeed, that is reflected in the survey of employers on which the payrolls numbers are based. The 114,000 net new jobs reported by that survey — too few to bring the unemployment rate down over time — was dragged down in part by a 16,000 drop in manufacturing jobs, a sector that has been weak in recent months.

The timing is fortunate for President Obama’s reelection prospects, with the most closely followed barometer of economic health, the unemployment rate, falling back to the level it was when he was inaugurated.

“While there is more work that remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression,” Alan Krueger, chairman of Obama’s Council of Economic Advisers, said on the White House’s blog.

Republicans emphasized that 7.8 percent joblessness remains high by any historical standard. Indeed, most economists believe that full employment would be something around 6 percent.

“This is not what a real recovery looks like,” said Republican presidential challenger Mitt Romney in a statement released Friday morning by his campaign. “We created fewer jobs in September than in August, and fewer jobs in August than in July, and we’ve lost over 600,000 manufacturing jobs since President Obama took office. If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11%.”

“While today’s unemployment report offered some encouraging news, it simply isn’t good enough,” added Eric Cantor (R-Va.), the House Majority Leader, in a statement. “7.8% unemployment should not be cause for celebration.”
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Raizan

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One has to wonder if this week has really been a fail for Obama. I was one of the main people calling him a pu55y after the debate, but when you think about it, most of the media stated that he came across as more truthful, he actually gained independent support, his favorability numbers didn't drop, he had a slight uptick in donations, he has forced Willard to backpedal on some of his positions, now has more ammo to use in future ads and debates, and now the unemployment rate has dipped to 7.8%. Is this just luck, or is dude really that smart and calculating?
 
FAH1223

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Raizan said:
One has to wonder if this week has really been a fail for Obama. I was one of the main people calling him a pu55y after the debate, but when you think about it, most of the media stated that he came across as more truthful, he actually gained independent support, his favorability numbers didn't drop, he had a slight uptick in donations, he has forced Willard to backpedal on some of his positions, now has more ammo to use in future ads and debates, and now the unemployment rate has dipped to 7.8%. Is this just luck, or is dude really that smart and calculating?
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the establishment wants :obama: to continue in office

thats the only explanation I can think of :ehh:
 
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