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Re: 2012 Presidential Election (free for all edition)
Quote:
Originally Posted by 12thMan
JOBS: NFP added 114K jobs; 86K jobs revised upward previous 2 months; Labor force participation ticked up a tenth, suggesting rate didn't drop due to less people looking for work.
Unemployment rate at 7.8%, lower than when Obama took office. More work to do.
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LOTS more work to do. From BLS:
http://www.bls.gov/news.release/pdf/empsit.pdf
Over the past 12 months, average hourly earnings have risen by 1.8 percent. That's less than the annual inflation rate.
The number of long-term unemployed (those jobless for 27 weeks or more) was little changed
at 4.8 million and accounted for 40.1 percent of the unemployed.
The overall trend in the employment-population ratio for this year has been flat.
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"I would bet.....(if), an angel fairy came down and said, '[You can have anything] in the world you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.
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