7.9% Unemployment…

7.9%.  Sad… so terribly sad.  The obama camp must be in melt down.  This is why they didn’t want it released.  I’ll bet they rounded down to 7.9 as well.   Again.. the real number is well over 15%.    Had it dropped to 7.5% the election would have been over.  However…the leftist main stream media will still go full bore and say “the economy made a big improvement of 175,000 jobs!!”. “Obama’s programs are working!!”   It’s a disaster.  Obama’s anti capitalist dogma is a disaster.
http://www.cnbc.com/id/49657529

“American job creation improved in October with 171,000 new jobs but the unemployment rate moved higher to 7.9 percent, setting the stage for a final push to the finish line in the heated presidential campaign.”
Improved???  What the heck are you talking about?? Further down buried in the article..

But unemployment for blacks showed the highest increase in the survey, surging to 14.3 percent from 13.4 percent.  Also, the average duration of unemployment climbed to a 2012 high of 40.2 weeks.

 

Yet the black American vote is going to go 95% Obama.  Someone explain that to me….

 

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One response to “7.9% Unemployment…”

  1. danielfee says :

    What is sad is how Mitt Romney and the Republicans have been trying to talk down the economy for the past couple of years. All of the economic indicators including; manufactures index, retail sales, home sales and prices, consumer confidence, GDP, and even the jobs numbers have all been improving. Of course the media will talk up the 171,000 jobs created because it significantly beat the estimates. My source for the jobs data was that “leftist publication”, Bloomberg News. It must now be a leftist publication because Michael Bloomberg just endorsed Obama. The same goes for The Economist magazine who also just endorsed Obama. So I guess they are no longer a conservative right-leaning publication. From their offices in London the editorial board at The Economist would love to see the EU’s economy preforming at the same level as the US economy. The Euro Area is still mired in a recession and even The Economist has finally come around to realize that austerity is not the right way to get out of a recession. Of course things could always be better. GDP could be 3-4%, or we could be adding 300,000 jobs per month. But anyone who is honest will look at where the economy was at the end of 2008-early 2009 and can only conclude that significant improvement has been made since Obama took office.

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