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The sickly, stagnant
September jobs report

American Enterprise Institute, by James Pethokoukis

Original Article

Posted By:Photoonist, 10/5/2012 2:52:35 PM

Is this the Obama October Surprise? Only in an era of depressingly diminished expectations could the September jobs report be called a good one. It really isn’t. Not at all. 1. Yes, the U-3 unemployment rate fell to 7.8%, the first time it has been below 8% since January 2009. But that’s only due to a flood of 582,000 part-time jobs. (Snip) And take-home pay? Over the past 12 months, average hourly earnings have risen by just 1.8 percent. When you take inflation into account, wages are flat to down. 3. The broader U-6 rate — which takes into account

Comments:
[Note this is the news blog of the AEI which isn't much different than Hot Air, Powerline or numerous other news blogs posted here, IMO] THIS with the accompanying graphs fully explains how empty the numbers reported today are. There has been virtually NO recovery in the ratio of civilians employed versus the population (EM Ratio) since this Recession started. NONE. Look at the last graph, it's a killer.

      


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Reply 1 - Posted by: kofcfn, 10/5/2012 3:11:52 PM     (No. 8912521)

This is good, His jobs report no better than Bush. Even with the tampering.

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Reply 2 - Posted by: KimoSaavy, 10/5/2012 3:18:04 PM     (No. 8912536)

Only the blithering idiots believe the 'new' jobs report. It's so embarrasing it's deserving of a full dismissal. The WH will play this up. Just another lie.

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Reply 3 - Posted by: Ding! Fries are Done, 10/5/2012 3:19:45 PM     (No. 8912541)


What bugs me is that this stupid and inaccurate report will probably influence some people that would have otherwise given Romney their vote.





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Reply 4 - Posted by: horacer, 10/5/2012 3:19:49 PM     (No. 8912542)

James is one of the few who consistently goes beyond the bs headline and looks at the full report. We're becoming a part time, temporary labor force. High school dropouts did well in this report. That speaks volumes about the type of jobs created. Also 187,000 government jobs. Probably teachers. I wonder how many striking teachers in Chicago were considered new hires when the strike ended. Bottom line, we're in the midst of a labor market depression. Obama can spew and spin till the cows come home but he can't change reality.

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Posted By: Photoonist- 11/6/2012 9:53:58 PM     Post Reply
We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.

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Posted By: Photoonist- 11/6/2012 9:36:34 PM     Post Reply
Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican

   

 

  


 
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Posted By: Photoonist- 11/6/2012 9:02:23 PM     Post Reply
Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political

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Posted By: Photoonist- 11/6/2012 8:47:41 PM     Post Reply
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Posted By: Photoonist- 11/6/2012 7:53:12 PM     Post Reply
Mitt Romney was projected the winner in South Carolina on Tuesday night, taking home the state’s nine electoral votes. So far Tuesday the former Massachusetts governor has taken other reliably red states including Kentucky and West Virginia. Romney leads in the Electoral College with 24 electoral votes to President Obama’s three.

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As expected, the presidential race is tight in Ohio, where the polls just closed: President Obama is winning women 55 percent to 44 percent in the early CBS News exit poll, while Mitt Romney is leading 52 percent to 46 percent among men. Women made up 51 percent of the electorate, compared to 49 percent among women. Thirty-nine percent of voters so far identified themselves as Democrats, compared to 30 percent calling themselves Republican. Thirty-one percent identified as independent or something else, and Romney has a big edge among this group - 56 percent to 40 percent for Mr. Obama.

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Posted By: Photoonist- 11/6/2012 7:35:52 PM     Post Reply
As expected, Republican candidate for President, Mitt Romney, won West Virginia’s five electoral votes in Tuesday’s General Election over President Barack Obama. National media outlets called the race in West Virginia shortly after polls closed at 7:30 p.m. President Obama’s fate in West Virginia has never been in question, as he garnered just 60 percent of the democratic vote in the May primary. The other 40 percent of that vote went to Texas federal inmate Keith Judd, who was placed on the ballot in West Virginia. President Obama has been hugely unpopular in the Mountain State since he first ran

Exit poll show voters lean
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The Hill [Washington, DC], by Justin Sink    Original Article
Posted By: Photoonist- 11/6/2012 7:18:08 PM     Post Reply
Early exit polls show Election Day voters are slightly more Republican than in 2008 and broadly concerned about the state of the U.S. economy. Six in 10 voters said the economy is their top issue according to the poll, which was released by The Associated Press and conducted on behalf of a consortium of media companies. Less than a quarter of voters said their families were better off than four years ago — a point seized on by many Republicans as the results leaked out.

   

 

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