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.
Romney could say “The President is claiming we are making progress. Yet October unemployment is 7.9%. October was revised up. Unemployment is higher now than when the President took office. Worse, yes, it gets worse... look at more continuing trends: October paychecks are down, October hours worked are down, and the added jobs President Obama brags about are not even enough to keep up with population growth.”
Then ask the crowd “Does this sound like progress to you?”
(pause for crowd response)
“I don’t think he hears you. Is this progress?”
(pause)
“Are you being told the truth?”
(pause)
“Does the President deserve your vote?”
(pause)
“Can this great nation do better?”
(long pause)
“With your help, WE. WILL.”