Unemployment rate inches up to 7.9 percent; jobs increased in October
Unemployment ticked up to 7.9 percent despite a better-than-expected job gain of 171,000 last month, the Labor Department reported Friday morning.
The last major economic report before Tuesdayâ€™s elections showed an economy on the mend and â€” in a surprise â€” a clear strengthening trend, with better-than-expected job growth in October and 84,000 more jobs than previously reported in August and September.
Still, President Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt. The rate rose in October because more people began seeking work and were counted as unemployed. The government counts people without jobs as unemployed only if theyâ€™re looking for one....
The undeniable fact. When looking at the overall job picture both public and private combined. On NO DAY during the Obama administration are there more Americans working than on ANY DAY of the Bush administration. So much for job creation under our current president. But wait, I forgot to give credit where credit is due, there are FAR more government workers than any day of the Bush administration.