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Gayle in MD
11-02-2012, 08:14 AM
Unemployment rate, 7.9%, and some even better numbers, prior revisions, revised higher!

Better data on hourly working.

Consumer confidence up again.

171,000 for the month, estimates were as low as low as 105,000, some forty plus thousand higher than expected, and 187,000 private sector payrolls were created.

A better than expected jobs report, and stock futures rising on that number.

Labor force participation rate ticked higher.

Stuff it Mitt!

G.

Gayle in MD
11-02-2012, 08:37 AM
The U.S. economy added 171,000 jobs in October as the country's unemployment rate ticked up to 7.9 percent, the Labor Department said in a release Friday. August and September's numbers were additionally revised upwards:

More from The Associated Press:


WASHINGTON — U.S. 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. 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.

Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June.

Still, President Barack Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt. The rate ticked up because more people without jobs started looking for work. The government only counts people as unemployed if they are actively searching.

Investors were pleased by the news. The Dow Jones industrial average futures were flat before it came out at 8:30 a.m. EDT, and within minutes they were up 30 points.

The yield on the benchmark 10-year U.S. Treasury note climbed to 1.77 percent from 1.72 percent, a sign that investors were moving money out of bonds and into stocks.


Most of the details in the report were positive. The government revised the jobs figures to show that 84,000 more jobs were added than previously estimated.

The gains in October were widespread across most industries. And the percentage of Americans working or looking for work rose for the second straight month.

The economy has added jobs for 25 straight months. There are now 580,000 more jobs than when Obama took office.

But there were also signs of the economy's ongoing weakness. Average hourly pay dipped a penny to $23.58. And the number of unemployed increased 170,000 to 12.3 million.

The department said Hurricane Sandy had no noticeable impact on the report.

The economy has picked up a bit in recent weeks, mostly on the strength of consumers. Americans are more confident and buying more big-ticket items, like cars and appliances. Auto companies reported steady sales gains last month despite losing three days of business to the storm in heavily populated areas of the Northeast.

Yet businesses remain nervous about the economy's future course. Many are concerned that Congress will fail to reach a budget deal before January. If lawmakers can't strike an agreement, sharp tax increases and spending cuts will take effect next year and possibly trigger another recession.

American companies are also nervous about the economic outlook overseas. Europe's financial crisis has pushed much of that region into recession and cut into U.S. exports and corporate profits.


Link to the report included in the article.

Check back for additional updates.

http://www.huffingtonpost.com/2012/11/02/october-jobs-report-unemployment-rate_n_2063675.html

Soflasnapper
11-02-2012, 08:44 AM
As of when the GOP tried to make foreign affairs an issue, they signaled that they knew the economy was not going to be the case closer they thought it would be.

Now we have the highest consumer confidence since about '07.

Blue chip forecasters say the economy will create the same 12 million jobs in the next 4 years that Romney boasts his changes will create (without Myth's changes).

And you won't believe what a certain dossier has to say about Myth Robme's criminal status! Evidently major broadcasters received this some 18 months ago, as did all of Myth's major funders. Stay tuned...

Gayle in MD
11-02-2012, 08:52 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">And you won't believe what a certain dossier has to say about Myth Robme's criminal status! Evidently major broadcasters received this some 18 months ago, as did all of Myth's major funders. Stay tuned... </div></div>



Hey!!! You can't do that to me!!! It's not about the Wedding stuff, is it? Give me a hint!

Think I can find it on my own? I could make some phone calls today, OR, you could send me a link, lol.

/forums/images/%%GRAEMLIN_URL%%/wink.gif

Soflasnapper
11-02-2012, 09:03 AM
New thread with the summary and links. I think you've seen it already.

Soflasnapper
11-02-2012, 09:45 AM
Still better news than it appears:

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> Third, although every jobs report is subject to revisions, we're getting a clear picture of a strengthening recovery beyond today's headline. The margin of error for each jobs-added figure is 100,000 jobs. <span style='font-size: 14pt'>The BLS's initial estimate for August was 96,000. Then it was revised to 142,000. Now it stands at 192,000. So, should we ignore today's news? Not so fast. 170,000 isn't just October's first estimate. It's also our new three-month average. And it's considerably better than the year's average. Things are getting better faster.</span>

Where is this new-look recovery coming from? It's coming from the beginning of a real housing recovery and the end of government austerity. In 2010 and 2011, the economy lost 477,000 public sector jobs. This year, we've added 20,000. That's made a huge difference.

"Everything about this report is great news" economist Justin Wolfers tweeted this morning. And he's basically right. But just as one bad report changes very little, one great report changes very little. Big picture: We've added about 3 million jobs since the economy started to recover in June 2009. But we're still down another 3 to 4 million jobs since the economy started to contract in December 2007. In 2012, we're creating 150-some thousand jobs a month -- the same as in 2011, with practically the exact same GDP growth.

Bottom line: Whoever wins on Tuesday inherits an economy that is still awfully weak and a jobs recovery that's clearly gaining momentum.</div></div>

cushioncrawler
11-02-2012, 05:19 PM
Mac's forecast.
The usofa economy will be sickly untill 2016, after which it will be sickly.
We will see continueing unemployment in europe. Gridlock in theusofa.

But mightbe the confidence-fairy will fix things if mitt wins. Mightbe the debt-god will be pleezed if mitt wins.
mac.

LWW
11-03-2012, 12:04 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">

Blue chip forecasters say the economy will create the same 12 million jobs in the next 4 years that Romney boasts his changes will create (without Myth's changes).

</div></div>

Link?

cushioncrawler
11-03-2012, 01:21 AM
Yes 12million = natural growth.
mac.

Gayle in MD
11-04-2012, 08:48 AM
Mac, Romney would be the absolute worst thing that could happen.
He is the face of what is wrong with global economies around the world.

No Repiglican can be trusted to do anything but lie to their stupid God, Guns, Gays, Fux Noise Flyover Bubbas, low information voters, no compassion, just racism, homophobia, misogyny, their motivations come from hate, not patriotism.

Inequality, corrupt corporate/Government Fascism, the rich stealing from the rest, is killing the citizens of our country, literally, and the citizens of the world.

What do you think all of the uprising in the Middle East is all about?

You are going to see uprisings all over the world, including here, AND where you live, as well.

I believe we will see a third party emerge, and it will be a mix of the Occupy Wall St., philosophy, combined with the Green Party.

We have to work to c hange not only the inequality of our tax structure, but also regulation, and public financed elections.

Number one is getting private money out of our elections.

Trust me, it is coming, and in the meantime, you'd better pay more attention to what's going on in your own country, my friend.

G.

Soflasnapper
11-04-2012, 10:39 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">

Blue chip forecasters say the economy will create the same 12 million jobs in the next 4 years that Romney boasts his changes will create (without Myth's changes).

</div></div>

Link? </div></div>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">But Moody’s Analytics, in an August forecast, predicts 12 million jobs will be created by 2016, no matter who is president. (See page 51.) And Macroeconomic Advisors in April also predicted a gain of 12.3 million jobs. </div></div>

Link to page 51 at original article, WaPost (http://www.washingtonpost.com/blogs/election-2012/wp/2012/08/30/factchecker-romneys-12-million-job-promise/)

cushioncrawler
11-04-2012, 03:16 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Gayle in MD</div><div class="ubbcode-body">Mac, Romney would be the absolute worst thing that could happen. He is the face of what is wrong with global economies around the world. No Repiglican can be trusted to do anything but lie to their stupid God, Guns, Gays, Fux Noise Flyover Bubbas, low information voters, no compassion, just racism, homophobia, misogyny, their motivations come from hate, not patriotism. Inequality, corrupt corporate/Government Fascism, the rich stealing from the rest, is killing the citizens of our country, literally, and the citizens of the world. What do you think all of the uprising in the Middle East is all about? You are going to see uprisings all over the world, including here, AND where you live, as well. I believe we will see a third party emerge, and it will be a mix of the Occupy Wall St., philosophy, combined with the Green Party. We have to work to change not only the inequality of our tax structure, but also regulation, and public financed elections. Number one is getting private money out of our elections. Trust me, it is coming, and in the meantime, you'd better pay more attention to what's going on in your own country, my friend. G.</div></div>Yes its the same here in ozz, ie Liberal Party = GOP.
Yes the usofa needs a green party. We allready hav the Greens in ozz and its doing well, mac votes Greens.
In fakt the Greens started in ozz, ie before germany etc etc, just in case u guys didnt know.

I woz very impressed with the usofa Constitution Party. However it did inklood some krappynomicysts who luvv the debt-god and the confidence-fairy.

Fakt iz that no ekonomix problem shood take more than 12months to fix.
Fakt iz there shoodnt ever be a serious ekonomix problem.
Fakt iz that krappynomix rules all over the world. Krappynomix iz the No1 terrorist, the No1 polluter, the No1 GW problem.
Taint muslims, taint unions -- and its everywhere in the usofa -- and no matter who wins on tuesday, the usofa loozes.
mac.

Gayle in MD
11-05-2012, 09:02 AM
LOL, Mac, I would have to look a long way to find anyone as negative as you are.

Things do change sometimes, you know.

IMO, Americans are not gong to put up with watching their country turn into an oligarchy/Fascsit nation!

Are you aware that we're seeing global unrest over the inequality around the world?

These wealthy thieves and crooks can't hide in safety, forever!

G.