| Advertising |
|
Click for weather forecast
Progressive Area Lawyers
Thomas Soldan
Nicole Naum
Karin Riley Porter
Vanessa Hicks
Steve Duckett
Jennifer Mayer
David Benowitz
John Yannone
Terry Gaffney
Seth Price
|
|
|
Fri Nov 02, 2012 at 08:40:02 AM EDT
|
 Nice
Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, health care, and retail trade.
[...]
The change in total nonfarm payroll employment for August was revised from +142,000 to +192,000, and the change for September was revised from +114,000 to +148,000. Adding the revisions for August and September plus the 171,000 jobs created in October, that's 255,000 new jobs. Also good news: the labor force participation rate is up to 63.8%, with 578,000 more people in the labor force. Clearly, the economic recovery is continuing, in spite of relentless Republican efforts to derail it. Let's keep it going for 4 more years under President Obama's leadership!
P.S. Michael Tackett of Bloomberg News tweets, "Jobless rate ticks up bc 580K people joined the labor force... 410K of them found jobs." Also, economist Justin Wolfers tweets, "The employment-to-populate ratio is up a staggering 0.5 percentage points since August. Unemployment is falling for the right reasons." Brad DeLong writes, "Adding in 171K of September-October employment growth to 84K of upward revisions, we know think that the U.S. economy in October had 255K more jobs on a seasonally-adjusted bases than we yesterday that it had employed in September. That is a noticeably stronger economy, and that is very nice to see. The "2" in the hundred-thousands place makes me very happy..." |
| lowkell :: BLS Issues Strong Jobs Report With 4 Days to Go Until Election |
|
|
Blue Virginia
Promote Your Page Too
| About |
|
The purpose of Blue Virginia is to cover Virginia politics from a progressive and Democratic perspective. This is a group blog and a community blog. We invite everyone to comment here, but please be aware that profanity, personal attacks, bigotry, insults, rudeness, frequent unsupported or off-point statements, and "trolling" (NOTE: that includes outright lies, whether about climate science, or what other people said, or whatever) are not permitted and, if continued, will lead to banning. For more on trolling, see the Daily Kos FAQs. Also note that diaries may be deleted if they do not contain at least 2 solid paragraphs of original text; if not, please use the comments section of a relevant diary. For more on writing diaries, click here. Thanks, and enjoy!
P.S. You can contact us at lowell@raisingkaine.com and you can subscribe to Lowell's Twitter feed here. If you'd like to subscribe to Miles Grant's Twitter feed, click here. For Teacherken, click here. For Kindler, click here.
P.P.S. To see the Blue Virginia archive, please click here. To see the Raising Kaine archive, please click here. To see the Blue Commonwealth archive, please click here.
RSS Feed
Subscribe to Blue Virginia - Front Page
|
|
