Friday, November 2, 2012

October Job Numbers


For John, BLUFUnemployment in October ticked up.$nbsp; Good news is labor force grew.  Nothing to see here; just move along.

The unemployment rate is 7.9%, up 0.1 point.

The good news is:

The labor force participation rate, a key metric that measures those working or looking for jobs, edged higher to 63.8 percent after wallowing around 31-year lows for the past several months. The total level of employment jumped by 410,000.
YES!  That 63.8% means people are reentering the work force!  In my mind it is people anticipating a pickup in the economy from the 6 Nov election, so support them by getting out there and voting, like my Granddaughter did in Ohio this AM.

The report is from CNBC, the apparently Republican side of NBC.

Hat tip to the Althouse blog.

Regards  —  Cliff

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