The 7.8% number for September was later “corrected” to 7.9%.
I don’t recall that.
So if things are really “unchanged” then we should expect a correction to 8.0% for October.
Yup. I've read that 82 of the last 83 weeks have been revised upward. So I'm guessing in the next couple weeks we will see 8%. Still those numbers are never the true picture of unemployment because they never include the millions who have given up looking for jobs or the underemployed, not to mention the thousands of recent graduates who can't find work. Plus, Holiday hiring starts at the end of October which always skews the numbers to the positive. So the real first time applications for unemployment insurance would be worse.
CNBC is trying to say this .1% increase is a good thing. Have to say that although the BLS always has to "correct" their numbers (which is plausible due to late reporting), it seems to be non-partisan and didn't try to massage the numbers down from 7.8% to give Bambi a positive, as many here often postulate. That's good thing but makes a person wonder why he doesn't control them.
Also, are there any missing numbers from the eastern States/Counties due to Sandy? And what about the reports of many large companies anticipating layoffs? Then there is always Europe that is still contracting.
Bottom line, let's see Bambi spin this .1% increase as a positive. Then let's see Romney give the bigger picture which includes some of the facts stated above.