October Surprise: Unemployment down to 7.0%

[Slystallion]

this is gallup though its not the official one. But yeah tomorrow the unemployment rate will probably go down a bit i think we gained 100,000 jobs so its a matter of how many people are still looking for work so the u6 number will be what conservatives point too

i still think if it goes down a bit it won't affect tuesday...too many people worried about hurricane effects and the last unemployment number didn't do squat since there is usually a delay between better unemployment numbers and people starting to feel good about employment situation

It happened to H.W. Bush the unemployment rate was going down in 92 before the election by quite a bit and he still lost because the narrative was already set that people didn't feel good about economy ...and that was a very mild recession

 

[TLR Is Mental Poison]

People will call

Yerp

Lets talk workforce participation

 

[¯\_(ツ)_/¯]

90% of economist polled predict that unemployment will rise roughly to 7.9%

Unemployment in U.S. Probably Rose as Companies Curbed Hiring - Businessweek

 

[¯\_(ツ)_/¯]

90% of economist polled predict that unemployment will rise roughly to 7.9%

Unemployment in U.S. Probably Rose as Companies Curbed Hiring - Businessweek

Polling and projections say a lot

 

[CACtain Planet]

U.S. Unadjusted Unemployment Down to 7.0% in October

Seasonally adjusted is 7.4%. Looks like Romney's goose is officially cooked. Their whole platform is falling apart...

171,000 jobs added in Oct., unemployment rate 7.9%
9:03AM EDT November 2. 2012 - Employers added 171,000 jobs in October, the Labor Department said Friday in the last employment report before the presidential election. The growth was better than what many economists had predicted.

The unemployment rate ticked up to 7.9%, from 7.8%, as formerly discouraged workers resumed looking for work. The labor force -- those working and looking for work -- increased by 578,000.

Before the report was released, U.S. stock index futures were mixed and almost flat. After the report, at 8:30 a.m. ET, they showed little change.

Businesses added 184,000 jobs, while federal, state and local governments cut 13,000. That was the highest amount of government job losses since June. Reductions in government jobs have hampered the jobs recovery the past two years.

Professional and business services, health care and retail drove the private-sector job additions.

Economists surveyed by Bloomberg had estimated that non-farm employment rose by 125,000 last month, with businesses adding 124,000 jobs and governments adding 1,000.

The Labor Department revised up job gains for August and September by a total 84,000. Gains for August were revised to 192,000 from 142,000 and September's were revised to 148,000 from 114,000.

Other barometers of the job market have been more encouraging recently. The government reported Thursday that first-time jobless claims last week fell 9,000 to 363,000. And a private survey estimated businesses added 158,000 jobs in October.

On other fronts, the economy has also shown improvement with retail sales, consumer confidence and the housing market strengthening. Falling gasoline prices are expected to provide a further boost to consumer spending

But businesses have pulled back on investment and hiring amid looming tax increases and spending cuts that could hobble the U.S. economy if Congress doesn't act. And the European financial crisis continues to curtail U.S. exports.

"The fiscal issue is weighing on (business) confidence," says Mark Zandi, chief economist of Moody's Analytics. "That's being reflected in (declining) investment and the lack of a pickup in hiring."

The Commerce Department recently said that economy grew at a 2% annual pace in the third quarter, up from 1.3% in the second quarter, a modest expansion that's unlikely to result in robust job growth.

171,000 jobs added in Oct., unemployment rate 7.9%


Change the thread title, idiot

 

[TLR Is Mental Poison]

Polling and projections say a lot

Not really.

 

[Jello Biafra]

Yerp

Lets talk workforce participation

The workforce participation rate is 63.8 which is hovering around a 30 year low number.
No matter how you want to slice it the jobs picture is in shytty shape and progress is moving at a snails pace.

 

[TLR Is Mental Poison]

The workforce participation rate is 63.8 which is hovering around a 30 year low number.
No matter how you want to slice it the jobs picture is in shytty shape and progress is moving at a snails pace.

Yea that was my point the UE # they use in the press is meaningless

Even the job #s they cite are often lies.