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American job creation improved in October with 171,000 new jobs but the unemployment rate moved higher to 7.9 percent, setting the stage for a final push to the finish line in the heated presidential campaign.
But unemployment for blacks showed the highest increase in the survey, surging to 14.3 percent from 13.4 percent.
There were 114,000 new jobs initially reported in September, but that number was revised up to 148,000 Friday. August's numbers also were revised higher, from 142,000 to 192,000.
I personally expected more from our current President. 4 years is a long time, to get our economy back on track.
A few days, before our Nation is going to vote? I find this questionable.
Originally posted by shaneslaughta
I do as well, its just whitewashing the facts to gain popular vote.......but the truth is if your out in the real world you can see it clear as day. Their is no growth there is not more jobs in my area im seeing less and less work on a daily.
Small business is screwed here. I see places open doors and close them in under a month. No one has money to spend.
The other thing is, why buy good ole American products when you can get for a buck or two cheaper at Walmart. By "rolling back prices" you only create a dependency for foreign crap that is worthless, all the while chasing away the good jobs because they cant compete with the Chinese crap that's mass produced for a plate of fish heads and rice.
Originally posted by beezzer
Obama could be president for the next 20 years and the numbers wouldn't change.
Why?
Because government desn't hire people. Companies, corporatons, businesses do.
And as long as government is unfriendly towards business (imposing more taxes, rules, regulations) it'll never change.
Originally posted by Kaploink
Originally posted by beezzer
Obama could be president for the next 20 years and the numbers wouldn't change.
Why?
Because government desn't hire people. Companies, corporatons, businesses do.
And as long as government is unfriendly towards business (imposing more taxes, rules, regulations) it'll never change.
If we got rid of every regulations including those sponsored by businesses to keep out competition, business will still not come back. The problem is that Americans simply aren't willing to work for ten dollars a day while living in tin shacks.
with the unemployment rate ticking up to 7.9 percent but the economy adding a better-than-expected 171,000 jobs. At the same time, the number of unemployed grew by 170,000, roughly the same amount -- to 12.3 million.
QE3 has barely even started and some folks on Wall Street are already clamoring for QE4. In fact, as you will read below, one equity strategist at Morgan Stanley says that he would not be "surprised" if the Federal Reserve announced another new round of money printing by the end of the year. But this is what tends to happen when a financial system starts becoming addicted to easy money. There is always a deep hunger for another "hit" of "currency meth". Federal Reserve Chairman Ben Bernanke was probably hoping that QE3 would satisfy the wolves on Wall Street for a while. His promise to recklessly print 40 billion dollars a month and use it to buy mortgage-backed securities is being called "QEInfinity" by detractors. During QE3, nearly half a trillion dollars a year will be added to the financial system until the Fed decides that it is time to stop. This is so crazy that even former Federal Reserve officials are speaking out against it. For example, former Federal Reserve chairman Paul Volcker says that QE3 is the "most extreme easing of monetary policy" that he could ever remember.