Unemployment rises

Patterico
Patterico’s Pontifications
11/2/2012

…Woo-hoo! More Americans count themselves as unemployed. This is good because it takes them out of the ranks of those who have totally given up. It’s nice to have this context — but where was the context when they had totally given up, and they weren’t counted as part of the unemployment numbers?

In truth, the big picture is that the record of this president still sucks. He said he was going to have us at 5.2%. We’re not quite there, huh?

Say it with me: one term proposition!

The complete article, with video, is at Patterico’s Pontifications.

 

October’s Unemployment Rate Higher Than When Obama Took Office

Folks will spin this morning’s jobs report every which way but truth.

At the end of the day the main statistic is 7.9 percent, the BLS measure of those remaining in the labor market but unable to find jobs. The number was 7.6 percent when Obama took office in January 2009…

US Labor Secretary Hands Out Candy to Reporters After Awful Jobs Report

 

Read the whole thing.

Rick Santelli does the jobs math, CNBC staff fights it

Much to the dismay of the CNBC staff, Rick Santelli says that if you do the math on the establishment survey from February 2009 to now, outside of revisions, the Obama administration comes in down -61,000 jobs:

 

Update: Prominent CEO & Member of Obama’s So-Called ‘Jobs Council’ Backs Romney

Hey, remember that “jobs council” that hasn’t met in, oh, a long time? The one that was supposed to help the president keep a “laser like” focus on job creation?

Yeah, not only has the council not met in several months, but it also turns out that at least one of the business leaders chosen to act as an jobs advisor to President Obama has decided to back Republican presidential candidate Mitt Romney…

Meanwhile, Obama Wants to Create a “Secretary of Business” in Second Term

…Mr. Obama blamed Congress for such consolidation not happening during his first term because lawmakers have been “very protective about not giving up their jurisdiction over various pieces of government.” But the president has done little to push the idea himself…

 

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