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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Definitely very good news for Obama, but maybe not so much those looking for work.
Any reasonable economist has to question the disparity between the 2 numbers. And right now i think everyone is kind of scratching their heads trying to explain it.
I initially heard the report on the radio this morning and the economist they had on was really surprised by the difference and couldnt explain it. He did mentioned that the household survey is much more volatile than the establishment survey. Im sure its way off but that the real number is still well over 200k new jobs. I believe its susposed to be revised 2 days before the election.
BLS claims almost 1 million Americans found new jobs | WashingtonExaminer.com