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To: Steelfish

Bs. They will claim an unexpected drop to 7.4. Of course, they will retroactively add 100,000 jobs retroactively to 1q and 2 q 2012 to fudge the numbers.


19 posted on 11/01/2012 10:13:49 PM PDT by Rosemont
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To: Rosemont

This from Reuters via the NY Times:

http://www.nytimes.com/reuters/2012/11/02/business/02reuters-usa-economy-jobs.html?hp&_r=0

Jobless Rate Seen Rising, Offering Obama No ReliefBy REUTERS
Published: November 2, 2012 at 12:06 AM ET

WASHINGTON (Reuters) - The U.S. unemployment rate probably rose in October as employers stepped up hiring only slightly, underscoring President Barack Obama’s vulnerability in next week’s presidential election.

Employers likely added 125,000 jobs to their payrolls last month, according to a Reuters survey of economists. That would be up from 114,000 in September, but would fall short of what is needed to quickly cut the jobless rate.

Indeed, economists expect the unemployment rate — a key focus in the neck-and-neck race for the White House — to tick up by a tenth of a percentage point to 7.9 percent, reversing part of a surprise drop seen in September.


20 posted on 11/01/2012 10:17:41 PM PDT by VideoPaul
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