More Good News For The President: 171,000 Jobs Created In October
The October jobs report was released this morning, and it is good news for President Obama. Last month the economy added 171,000 jobs, higher than most estimates, the 34th consecutive month of private sector job growth under President Obama. The unemployment rate remained under 8%, though it increased by 1/10 of a point - but that, too is good news, since the increase in the rate is because over half a million Americans re-entered the job market.
Article excerpt follows:
171,000 Jobs Created In October, Unemployment Stays Under 8 Percent
The American economy added 171,000 jobs in October and the unemployment rate ticked up slightly but stayed below 8 percent, according to the latest data from the Bureau of Labor Statistics. Analysts had expected 120,000 jobs to be created. The unemployment rate increased due to the labor force adding 578,000 people. The private sector added 184,000 jobs, while the public sector lost 13,000. The number of jobs created in August was revised up from 142,000 to 192,000, and September was revised up from 114,000 to 148,000. The wider U-6 measure of underemployment fell slightly to 14.6.
Read More: http://thinkprogress.org/economy/2012/11/02/112879...
Top Opinion
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Bill G53 ~PWCM~JLA 2012/11/02 17:38:18+4Spin Spin Spin PP. Too late. Hopefully on Tuesday we will see real hope and change
What an empty suit you are supporting. He trots back to the situation room for a photo op of him appearing presidential in the face of a storm. Where was he when his ambassador was being murdered while drone flew overhead and men on the ground were asking for help? Your POS president was in Las Vegas asking for money for his reelection.
And the media gives him a pass, worse, they cover for him. They were all over Valerie Plame but let an ambassador be murdered by terrorists and Obama blame a video.
This piece of dirt has spent 4 years blaming everyone for anything.......
Oh...... he got Bin Laden! BFD! His ambassador was MURDERED while he watched and did NOTHING!






















What an empty suit you are supporting. He trots back to the situation room for a photo op of him appearing presidential in the face of a storm. Where was he when his ambassador was being murdered while drone flew overhead and men on the ground were asking for help? Your POS president was in Las Vegas asking for money for his reelection.
And the media gives him a pass, worse, they cover for him. They were all over Valerie Plame but let an ambassador be murdered by terrorists and Obama blame a video.
This piece of dirt has spent 4 years blaming everyone for anything.......
Oh...... he got Bin Laden! BFD! His ambassador was MURDERED while he watched and did NOTHING!
Much of that job growth is in health care , transportation, and utilities. Construction has also added numbers. So, no it's not just seasonal hiring, although that does happen this time of year. Overall orders received by U.S. factories bounced back 4.8 percent, nearly reversing all of a deep slide seen in August.
Romney has an interesting ad playing in Ohio. He says he has a plan for the auto industry. Little late for that now, Willard.
Good luck with that comprehension problem.
I find it humorous that when democrats want something to happen quickly(like disaster relief) they remove government interference(just as the president has done with Sandy). Yet they are too ignorant to see if you did that throughout the year, not just in disaster situations, the economy would grow quickly. I guess it is their need to control the situation(even when they have no clue what they are doing) that drives their ignorance.
So, if you mean he has experience loading up companies with debt, then I'll agree with you. He wasn't in the business of building companies and creating jobs.
And as we have seen Obama is only competent at telling companies "they didn't build that."
Mitt should stick to his day job, he doesn't care about America. He cares about himself.
Obama only cares about America when it suits his narcissism.
They create no jobs. They create debt and sack the company that they are 'helping' with that debt, take their profit out and walk away.
Would you do a deal like they did with KB Toys?
So you are unable to provide an example of the venture capital company who operates how you think they should be run?
As a matter of fact KB toys would not be in business regardless, they were bleeding money. Their merger with Spenser Gifts was the worst move they made prior to Bain recapitalizing the company. Would you rather there is no such thing as Staples, another company that was bleeding money.
You do understand that what makes a company need venture capital is the fact that they are poorly run and will not be touched by traditional sources, don't you?
Granted there are some that help with start ups but in many cases the original owner relinquishes 51%...
So you are unable to provide an example of the venture capital company who operates how you think they should be run?
As a matter of fact KB toys would not be in business regardless, they were bleeding money. Their merger with Spenser Gifts was the worst move they made prior to Bain recapitalizing the company. Would you rather there is no such thing as Staples, another company that was bleeding money.
You do understand that what makes a company need venture capital is the fact that they are poorly run and will not be touched by traditional sources, don't you?
Granted there are some that help with start ups but in many cases the original owner relinquishes 51% of the company to gain start up cash. Their ass is on the line and they do not control what they started.
Please feel free to describe how you think venture capital should work. Should they come in and plop down wads of cash and allow a company to continue to fail? Just to make you and the brain dead management feel better.
You just described exactly what Bain didn't do, thanks for that.
Venture capital is necessary, without it you would only have government wasting money(that has been confiscated) on the solyndra's of the world.
And here I thought the people like you were all about helping people. I guess only those who lose money like the government help people, huh?
You've proved exactly why I don't care for Mitt Romney as President. He and you did not create any jobs.
Between my businesses I employ over 1,200 people, none of which existed prior to me putting my knowledge and capital to work. I did build that.
The only person who has your best interest in mind is you, you are a fool to believe otherwise. You think those in elected positions of power give a damn about you? You are a fool. At least those of us in business are honest about our intentions and we know how to move this economy to prosperity. Community organizers do nothing but harm business and the economy, as we have seen for the last four years.
I would love to keep all of my businesses here, but unfortunately the government thinks they know better how they should be run. So they can tell someone else how to invest their labor, I will go where my business is wanted.