Free Republic

According to the Bureau of Labor Statistics, the unemployment rate rose from 7.8% to 7.9% for October. The number of unemployed in the US rose from 12,088,000 in September to 12,258,000 in October. An increase of 170,000. The good news is that non farm payrolls increased by +171,000. Of course, there are the defense contractor layoffs that the Obama Administration asked to be postponed until after the election, such as Lockheed. And there are job losses that will occur after the election (unless overturned) of 887,000 annually from EPA regulations going into effect (according to Senator im Inhofe, Ok). And...

Buried in Friday’s Bureau of Labor Statistics report on the country’s unemployment situation was this disheartening fact: 9,000 employees of the mining and resource extraction sector lost their jobs in October. That brings total job losses in that sector to 17,000 since May, according to BLS.

Are you better off today than four years ago? - By: Larry Walker, Jr. -According to the latest report from the Bureau of Labor Statistics, the official unemployment rate for all Americans rose by 1.3% since Barack Obama took office. But over the same period, the unemployment rate for Black Americans jumped by 10.9%, and the number of unemployed Black Americans climbed by 19.1%. So are we better off than we were four years ago? You might be, but the Black Community as a whole definitely is not. So will 90% of Blacks vote to re-elect Obama anyway? You betcha,...

32 Years from Full-Employment- By: Larry Walker, Jr. - In the fairest sense, the U.S. Jobs Deficit has improved by an average of 30,000 jobs per month since January 1, 2011. And although this may be good enough for indifferent Obama loyalists, what it really means is that based on Barack Obama’s very best job creation averages to date, full employment is still another 32 years away. Based on yesterday’s Employment Situation Report, 171,000 nonfarm jobs were added in the month of October. However, since the U.S. needs to add a minimum of 320,850 jobs each and every month...

...A dead-heat contest for Texas House District 43 pits Alice attorney and former Democratic state Rep. Yvonne Gonzalez Toureilles against J.M. Lozano, who was elected to the House as a Democrat in 2010 but switched parties in March, after new electoral maps made his district more-conservative. ..."Some people have told me it's almost like switching religions," said George Antuna, co-founder of Hispanic Republicans of Texas, which donated $2,500 to Lozano's campaign. "But when folks like J.M. switch, people look at it and say, 'I guess it's not so bad.'" Antuna claims the party has already made strides, pointing to Ted...

According to the Bureau of Labor Statistics, the unemployment rate rose from 7.8% to 7.9% for October. The number of unemployed in the US rose from 12,088,000 in September to 12,258,000 in October. An increase of 170,000. The good news is that non farm payrolls increased by +171,000. Bear in mind that these numbers are misleading because Lockheed announced layoffs of 123,000, but was asked by the Obama Administration to delay the layoffs until after the election. So, add 123,000 to the number of unemployed and deduct 123,000 from the NFP jobs created of 171,000. So, the actual increase in...

Another jobs report came out yesterday and, like so many others before it, the news was disappointing. Our economy is actually growing more slowly this year than it grew last year — somewhere in the 2% range. Normally after a steep decline, the economy would be roaring back at a 5% to 6% clip. The official unemployment rate is 7.9%, one-tenth of a point higher than last month's number. But the true rate is almost twice that level. Many people who want a full-time job are working part-time instead. And much of the modest increase in economic activity is the...

What policies will create jobs and a strong economy? As we face the November 6 election, are Democrats or Republicans better for jobs and economic opportunity? Liberal Keynesian economics is in the DNA of the Democrat Party. Mitt Romney brilliantly labeled it “trickle down government.” Free enterprise and limited government are the heart and soul of the Republican Party. These two economic perspectives form the basis of the two political parties. Barack Obama could win re-election after a disastrous four-year term simply because Democrats argue that Republicans will be worse. Their main theme is that George Bush destroyed the economy...

Defense Jobs Will be Massively Cut -- Obama's goal and promise ref link and there is a previous one from Brietbart: http://www.breitbart.com/Big-Government/2012/10/24/Obama-Flip-Flops-on-Debate-Statement-About-Sequester He said "the sequester", a term the media has been trying to hide, wouldn't happen on national TV during the third debate so he won't lose votes from swing states, but the very next day during an interview he gave to the Des Moines Register which he promised on condition that it not be printed he took credit for the sequester legislation and proudly said that he will let the sequester happen along with the expiration of the...

WPS Health Insurance announced today that it is adjusting its resources in response to competitive pressures and recent losses in the government contract market. The company will adjust resources across the corporation. Staffing impacts could affect 600 positions, though this number is subject to change. The actual adjustments and timeframe depends on the outcome of protests and additional opportunities. Adjustments will occur in phases over the next year. Notices to staff will begin as early as November 2012. Recent activity in the company’s government business lines makes the reductions necessary.

Two-Thirds Of Jobs Go To Immigrants During Obama’s Four Years Researchers say legals and illegals are more mobile than natives in America By Stephen Dinan-The Washington Times October 31, 2012 Two-thirds of those who have found employment under President Obama are immigrants, both legal and illegal, according to an analysis that suggests immigration has soaked up a large portion of what little job growth there has been over the past three years. The Center for Immigration Studies is releasing the study Thursday morning, a day ahead of the final Labor Department unemployment report of the campaign season, which is expected...

President Obama cast aside his hurricane-inspired role as comforter in chief and tore into rival Mitt Romney — going on offense ahead of today’s jobs report and just hours after urging Americans to unite in the wake of superstorm Sandy.

According to the Bureau of Labor Statistics, the unemployment rate rose from 7.8% to 7.9% for October. The number of unemployed in the US rose from 12,088,000 in September to 12,258,000 in October. An increase of 170,000. That almost perfectly offsets the increase in non farm payrolls (+171,000). And the duration of unemployment 27 weeks and over rose to 40.6%. The employment to population ratio rose in October to 58.8, but still remains at a level near the beginning of the “Reagan Recovery.” The unemployment rate among blacks/African Americans rose to 14.30%. There will be no joy in the Black/African...

<p>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.</p> <p>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.</p>

Today's jobs number is expected to come at 125,000, with a high estimate of 154,000 from John Hancock financial, and a low of 30,000 from Westpac Banking, and with a whisper expectation at 150,000 courtesy of yesterday's "stronger than expected" ADP re-revised print. A beat or miss at over 1 standard deviation will promptly wake the HFT algos from their deep slumber. Wait did we say miss? Hah. Anyway, just to put today's seasonally adjusted expected monthly job growth in context, below is a chart showing the average seasonal adjustment for each month of the year in the past decade....

We're About To Get One Of The Most Important Jobs Reports In History — Here's What You Need To Know Matthew BoeslerNov. 2, 2012, 4:10 AMToday's nonfarm payrolls data – out at 8:30 AM ET in the U.S. – is the final jobs report before the presidential election on November 6. Consensus estimates are for 125k new jobs, and the unemployment rate is expected to rise to 7.9 percent from 7.8 percent a month ago. The election is already a huge source of uncertainty for fragile markets at the moment, and a bad jobs number could really set the tone...

"Researchers say legals and illegals are more mobile than natives in America" Two-thirds of those who have found employment under President Obama are immigrants, both legal and illegal, according to an analysis that suggests immigration has soaked up a large portion of what little job growth there has been over the past three years. The Center for Immigration Studies is releasing the study Thursday morning, a day ahead of the final Labor Department unemployment report of the campaign season, which is expected to show a sluggish job market more than three years into the economic recovery. That slow market, combined...

Obama’s Layoff Bomb: His policies are killing jobs. By Michelle Malkin In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights? The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected. USA Today financial reporter Matt Krantz wrote that “much of the recent layoff activity is connected to...

When Gallup released it's mid-month jobs survey numbers, they had dropped to 7.3%. They generally are a few points under the monthly report due out tomorrow, so that would mean a 7.5% UE3. However, we know Obama and his minions will do all in their power to tie into their "don't change now that things are looking up" campaign theme the last few weeks. It is very possible that the media is all keyed to go into feeding frenzy for the entire weekend with the "progress is being made; don't change now" message. Moreover, it's very likely that Obama will...

General Motors is criticizing Mitt Romney for running an ad that says GM cut 15,000 jobs under the Obama Administration. The Detroit Free Press reported that GM spokesman Greg Martin (speaking about the Romney ad) stated, "No amount of campaign politics at its cynical worst will diminish our record of creating jobs in the U.S. and repatriating profits back to this country." Leaving aside for a moment the bigger issue of a taxpayer-supported entity improperly inserting itself in an election, lets examine the facts. A look at GM's annual SEC filings gives a clear picture of how many people were...