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Lsut81
USA Fan
Member since Jun 2005
61435 posts
 Online 

October Jobs: 171k Jobs @ 7.9%


U-6 14.6%
Participation 63.8%


Mixed Bag



This post was edited on 11/2 at 7:32 am



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athletemed
LSU Fan
The Woodlands, Texas
Member since Oct 2007
5471 posts

re: October Jobs: 171k Jobs @ 7.9%


that is up .1%..

real unemployment 14.6%


cue Constant Cough



This post was edited on 11/2 at 7:32 am


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Ball Gravy
Texas A&M Fan
Houston, TX
Member since Aug 2008
2961 posts

re: October Jobs: 171k Jobs @ 7.9%


The 7.9% is still bullshite, but at least they didn't blatantly lower it to like 7.4-7.5





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St Augustine
New Orleans Saints Fan
The Pauper of the Surf
Member since Mar 2006
41671 posts

re: October Jobs: 171k Jobs @ 7.9%


Official?





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Navytiger74
LSU Fan
Washington, DC
Member since Oct 2009
11944 posts

re: October Jobs: 171k Jobs @ 7.9%


I thought it may tick up to 8%.





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MFn GIMP
LSU Fan
Owensboro, Kentucky
Member since Feb 2011
8295 posts
 Online 

re: October Jobs: 171k Jobs @ 7.9%


Decent job growth numbers but bad for Obama. People will hear about the uptick in the UE rate and it will hurt him.

quote:

Official?

Yea



This post was edited on 11/2 at 7:33 am


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hsfolk
Louisiana Tech Fan
West Monroe
Member since Sep 2009
6671 posts

re: October Jobs: 171k Jobs @ 7.9%


I think the 7.9% is misleading because many more have given up looking for work that dont take out unemployment





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gatorsimz
Florida Fan
cafe risque
Member since Feb 2009
5346 posts

re: October Jobs: 171k Jobs @ 7.9%


September revised upward to 148k

decent report. good report when compared to how lousy we've been






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76130 posts
 Online 

re: October Jobs: 171k Jobs @ 7.9%


quote:

bad for Obama. People will hear about the uptick in the UE rate and it will hurt him.

Agreed.

quote:

Decent job growth numbers
But still below the number needed to keep up with population growth, 250,000.






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tigerdup07
LA-Lafayette Fan
Member since Dec 2007
18530 posts

re: October Jobs: 171k Jobs @ 7.9%


[quote]I think the 7.9% is misleading because i am republican







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accnodefense
Kennesaw St. Fan
Member since Dec 2010
2104 posts

re: October Jobs: 171k Jobs @ 7.9%


I think it's a wash

Both sides will spin in their favor

Not much will change






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Navytiger74
LSU Fan
Washington, DC
Member since Oct 2009
11944 posts

re: October Jobs: 171k Jobs @ 7.9%


quote:

Decent job growth numbers but bad for Obama.


Yep. No one likes a step in the wrong direction.






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JoshuaChamberlain
Army Fan
Member since Sep 2010
5153 posts

re: October Jobs: 171k Jobs @ 7.9%


See bolded text:


Transmission of material in this release is embargoed USDL-12-2164 until 8:30 a.m. (EDT)
Friday, November 2, 2012 Technical information:
Household data: (202) 691-6378 * cpsinfo@bls.gov * www.bls.gov/cps Establishment data: (202) 691-6555 * cesinfo@bls.gov * www.bls.gov/ces Media contact: (202) 691-5902 * PressOffice@bls.gov

THE EMPLOYMENT SITUATION -- OCTOBER 2012 Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, and retail trade.

| | | Hurricane Sandy | | | |

Hurricane Sandy had no discernable effect on the employment and unemployment | |data for October. Household survey data collection was completed before the | |storm, and establishment survey data collection rates were within normal ranges| |nationally and for the affected areas. For information on how unusually severe | |weather can affect the employment and hours estimates, see the Frequently Asked| |Questions section of this release. | | |

Household Survey Data Both the unemployment rate (7.9 percent) and the number of unemployed persons (12.3 million) were essentially unchanged in October, following declines in September. (See table A-1.) Among the major worker groups, the unemployment rate for blacks increased to 14.3 percent in October, while the rates for adult men (7.3 percent), adult women (7.2 percent), teenagers (23.7 percent), whites (7.0 percent), and Hispanics (10.0 percent) showed little or no change. The jobless rate for Asians was 4.9 percent in October (not seasonally adjusted), down from 7.3 percent a year earlier. (See tables A-1, A-2, and A-3.) In October, the number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 5.0 million. These individuals accounted for 40.6 percent of the unemployed. (See table A-12.) The civilian labor force rose by 578,000 to 155.6 million in October, and the labor force participation rate edged up to 63.8 percent. Total employment rose by 410,000 over the month. The employment-population ratio was essentially unchanged at 58.8 percent, following an increase of 0.4 percentage point in September. (See table A-1.) The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) fell by 269,000 to 8.3 million in October, partially offsetting an increase of 582,000 in September. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.) In October, 2.4 million persons were marginally attached to the labor force, little different from a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.) Among the marginally attached, there were 813,000 discouraged workers in October, a decline of 154,000 from a year earlier. (These data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.6 million persons marginally attached to the labor force in October had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities. (See table A-16.)




This post was edited on 11/2 at 7:39 am


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Homesick Tiger
LSU Fan
Greenbrier, AR
Member since Nov 2006
12391 posts
 Online 

re: October Jobs: 171k Jobs @ 7.9%


quote:

7.9% is still bullshite


We know now why it was 7.8 a month ago. Left them leeway to go up to 7.9 this month without hitting that big bad 8.0 before the election.






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HubbaBubba
USA Fan
Bloemee, TX
Member since Oct 2010
6938 posts

re: October Jobs: 171k Jobs @ 7.9%


Morning Joe... "a better than expected jobs report"

"This is good news for the President"

Then this one:

"there are now MORE people in the labor force participation rate kicked higher (the number of people actually looking for work) is higher. That's a good thing. It means people are more confident of finding work."

That's a great spin on defining "More people not working and looking for jobs."






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Duckman13
LSU Fan
Tiger Stadium
Member since Dec 2006
2781 posts
 Online 

re: October Jobs: 171k Jobs @ 7.9%


So did they leave out Cal, NY, and NJ?





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windhammontanatigers
LSU Fan
windham-stanford, montana
Member since Nov 2009
3446 posts

re: October Jobs: 171k Jobs @ 7.9%


Exactly what LSURussian said. Well below 250,000 that is needed to even make a dent. Not good for Obama and certainly not the 7 per cent that Gallup was touting.





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gatorsimz
Florida Fan
cafe risque
Member since Feb 2009
5346 posts

re: October Jobs: 171k Jobs @ 7.9%


quote:

I think it's a wash

Both sides will spin in their favor


i agree. Obama will tout his consecutive job growth numbers, Romney will talk about unemployment. this report can be used by both sides






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
20318 posts
 Online 

re: October Jobs: 171k Jobs @ 7.9%


quote:

171k Jobs


If we had averaged this over the past 3.5 years, Obama would be running away with this election. Sadly, he has averaged about half that.






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dewster
Maryland Fan
Tennessee
Member since Aug 2006
8701 posts
 Online 

re: October Jobs: 171k Jobs @ 7.9%


It's a legit concern. We have lom term unemployment problems like Japan had in the 1990s. People have been out of work so long that they drop out of the work force and lower the unemployment rate.

The lowest participation rate in 30 years is indicative of this phenomenon.



This post was edited on 11/2 at 7:40 am


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