171,000 jobs created in Oct., unemployment ticks up to 7.9 percent

ap/ny post ^ | november 2, 2012

[lowbridge]

US employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in September because the work force grew.

The Labor Department's last look at hiring before Tuesday's election sketched a picture of a job market that is gradually gaining momentum after nearly stalling in the spring.

[apillar]

It amusing, that under a Republican president the only number that matters is the unemployment rate (and only when it ticks up).

[fatnotlazy]

7.9% is still bogus, but at least the number wasn’t lowered.

[FryingPan101]

It will be interesting when ADP checks in again. Something is going on with them.

[pabianice]

Per Fox, if you are working one hour per week, you are included in the “employed.” Actual unemployment rate is 14.6%.

[Eagle of Liberty]

The unemployment rate inched up to 7.9 percent from 7.8 percent in September because the work force grew.

HA! HA! For YEARS now, these same reporters have refused to say that many have LEFT the workforce!

[fortheDeclaration]

Jobs were added but the unemployment rate goes up?

[Eagle of Liberty]

It amusing, that under a Republican president the only number that matters is the unemployment rate (and only when it ticks up).

Not only that, with an unemployment rate of around 5%, the cries were that it was the worst economy since Hoover, but an unemployment rate stuck around 8% is a sign of gaining momentum.