Last pre-election jobs numbers look solid, encouraging

The final jobs numbers of the election season, released just before the final weekend of the election season, show that “Total nonfarm payroll employment increased by 171,000 in October, and the unemployment rate was essentially unchanged at 7.9 percent,” according to the U.S. Bureau of Labor Statistics.

That job growth is slightly higher than the 2012 average growth of 157,000 per month.

Adding to the optimism, August job growth was revised upward from the reported 142,000 to the more current 192,000, and job growth for September was also revised upward from 114,000 to 148,000.

– Jay Bookman

647 comments Add your comment

will the "REAL" Mitt Romney please stand up

November 2nd, 2012
8:41 am

Keep Up the Good Fight!

November 2nd, 2012
8:41 am

Its good to see jobs coming back…. now I am sure we’ll hear about how the numbers are “cooked” or you failed to look at this.. :roll:

United We Stand... Divided We Fall

November 2nd, 2012
8:42 am

¸.•´¸.•*´¨) ¸.•*¨)
(¸.•´ (¸.•` ¤ OBAMA/2012 ¤ ¸.•*¨)

I want this guy to have MY back
☆┏┓┏┓☆╭━━┓☆╭━━╮☆
☆┃┃┃┃☆┃╭━┛☆┃╭╮┃☆
☆┃┃┃┃☆┃╰━╮☆┃┗┛┃☆
☆┃┃┃┃☆╰━╮┃☆┃┏┓┃☆
☆┃╰╯┃☆┏━╯┃☆ ┃┃┃┃☆
☆╰━━╯☆┗━━╯☆ ┗┛┗┛☆

Steve

November 2nd, 2012
8:43 am

Everything is lining up for an Obama victory. So sad that the wealthy conservatives wasted so much money propping up Romney when he’s a fail.

USinUK - not very ladylike (and former Girl Scout)

November 2nd, 2012
8:45 am

Keep up – no kidding …

Jaaaaaaaayyyyyyyyyyyyyyyyyyyyyy … you missed the best part of the BLS report:

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.

woohoo!!! October – UP

August – UP

September – UP

!!!!!

Peadawg

November 2nd, 2012
8:45 am

Good news for the people and for Obama.

Verbal Kint

November 2nd, 2012
8:45 am

Good news, of course, but most likely too little too late…

stands for decibels

November 2nd, 2012
8:45 am

I guess there are some who won’t be satisfied and who honestly believe that gutting regulations and finding weird ways to justify cutting taxes even more would somehow produce a better outcome than this. They’ll vote for Romney, and then wonder how so many of their fellow countrymen could be so wrong.

I guess I don’t understand those people, not really.

SoGAVet

November 2nd, 2012
8:47 am

And let the squalling from the Right begin…

TaxPayer

November 2nd, 2012
8:47 am

Uh Oh! Obama fulfilled the promise that the GOP has harped on for an unemployment rate below 8% during his first term and he did it in spite of the Republican’s best efforts to stop him. Obama: 157,000 jobs created per month; Republicans: 0 jobs created per month.

USinUK - not very ladylike (and former Girl Scout)

November 2nd, 2012
8:47 am

off-topic … the perfect soundtrack to this kind of kick-butt news:

http://www.youtube.com/watch?v=B8YjmjKCWuM

been listening to this all morning … SRV is god.

The Fallen

November 2nd, 2012
8:49 am

Jay, nice try…bottom line, the number went up to 7.9%, that is unemployment increased. Last report the numbers fell from 8.1% to 7.8 and we heard all about the recovery now being in full swing…if Obama’s policies were truly working and we were in a full swing recover, we would see a signigicant and more importantly, constant REDUCTION of the unemployment rate. Not the fluctuation we are seeing now. Czar of Business? Give me a break…just another scapegoat so Obama can side step accountability.

TaxPayer

November 2nd, 2012
8:49 am

Actually I created all those jobs while I was at Bain. – The Mitt

Aquagirl

November 2nd, 2012
8:50 am

But…but…BENGHAZI!!!!!

TaxPayer

November 2nd, 2012
8:50 am

The Fallen needs to learn how to do so gracefully.

straitroad

November 2nd, 2012
8:51 am

The operative phrase there is “essentially unchanged”. People are so beat down they think 8% unemployment is good. I was hoping for a true recovery indicator of around 250k. Planned layoffs are also up 40%. I know you have to spin for your devoted followers but this is more of the same.

Jay

November 2nd, 2012
8:51 am

No, USinUK, I didn’t. YOU did. See final graph above

:>)

UNCLE SAMANTHA

November 2nd, 2012
8:53 am

United We Stand… Divided We Fall

November 2nd, 2012
8:42 am
¸.•´¸.•*´¨) ¸.•*¨)
(¸.•´ (¸.•` ¤ OBAMA/2012 ¤ ¸.•*¨)

I want this guy to have MY back

====================================================================

well he does LEAD FROM BEHIND

Peter

November 2nd, 2012
8:53 am

straitroad…….So you are saying Corporate America is shedding jobs for end of year earnings numbers, and the CEOs can get their huge bonuses ?

Keep Up the Good Fight!

November 2nd, 2012
8:54 am

if Obama’s policies were truly working and we were in a full swing recover, we would see a signigicant and more importantly, constant REDUCTION of the unemployment rate

You mean the ones the Republicans keep blocking and brag about blocking? Such silly nonsense the conned keep repeating over and over again. Meanwhile, despite every attempt by the GOP to tank this country and to stop recovery, it is slowly working. If only the GOP had worked for this country it may not have to face the backlash that is coming next week.

UNCLE SAMANTHA

November 2nd, 2012
8:55 am

4 YEARS WASTED
we should have had full employment months after the recession ended in June 2009

http://www.businessweek.com/printer/articles/75916-the-5-million-green-jobs-that-werent

Scooter

November 2nd, 2012
8:55 am

Ahhhhh, the new normal of population growth outpacing job growth. That may be good enough for some.

The other half of your brain.

November 2nd, 2012
8:56 am

Actually, unemployment went up, from 7.8% to 7.9% nice try Jay.

Peadawg

November 2nd, 2012
8:56 am

Looks like all the Republicans have is “but but Romney can do better”.

Weak sauce.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

November 2nd, 2012
8:57 am

JAY

Was the 50% reduction in jobs created as revised for september addressed? I didn’t see anything in report…perhaps it is staring me in the face?

straitroad

November 2nd, 2012
8:57 am

Peter, I have no idea what you’re talking about and I doubt you do either. I’m simply looking at the hard numbers and they are flatlined. The jobs picture is stagnant at best regardless of how obama supporters try to dress it up. I’m not trying to change anyone’s mind because most minds on this board are resistant to open discussion.

Mike

November 2nd, 2012
8:57 am

The key word is “revised”. That seems to happen a lot with politicians and numbers.

The Fallen

November 2nd, 2012
8:57 am

“You mean the ones the Republicans keep blocking and brag about blocking?”

My point exactly…side stepping accountability. What else is new for the left? What the first two years when the Dems had control of the House, the Senate and the White House? Funny how that never gets mentioned.

Whatever. It’s Friday! Happy Weekend everyone!

Just Saying..

November 2nd, 2012
8:57 am

“But…but…BENGHAZI!!!!!”

…and his flag pin is smaller!!!

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

November 2nd, 2012
8:59 am

JAY

Forget it…I see the Sept numbers were revised upward…confused why one day it’s reduced downward by one source then upward by another..

Anyhow good news….think this will change any votes in his favor?

Steve

November 2nd, 2012
8:59 am

If Obama has been such a failure for the economy, why are we slowly but surely pulling ourselves out of the mess that the GOP created? It’s like conservatives live in a parallel universe where up is down and right is left.

stands for decibels

November 2nd, 2012
9:00 am

we should have had full employment months after the recession ended in June 2009

because that’s what always happens when you have the worst recession in this country since the early 30s. Everything springs back to life like nothin’ happened. Oh if we’d only embraced austerity and gutted the federal government *and* allowed many states to collapse in a heap from revenue shortfalls.

that’d be swell.

HDB

November 2nd, 2012
9:00 am

“…if Obama’s policies were truly working and we were in a full swing recover, we would see a signigicant and more importantly, constant REDUCTION of the unemployment rate”

Keep…..this is more support for your position….

http://www.salon.com/2012/11/02/joseph_stiglitz_makes_the_case_for_obama/

UNCLE SAMANTHA

November 2nd, 2012
9:00 am

that NEO CONSERVATIVE fish wrapper paper the NYT is spewing garbage about JOBS again

http://www.nytimes.com/2012/10/28/business/a-part-time-life-as-hours-shrink-and-shift-for-american-workers.html?pagewanted=all

Those evil Republicans at the NYT are denegrading the Obama job market

Steve

November 2nd, 2012
9:01 am

7.8 to 7.9 is meaningless, statistically. The job #s are what counts. But don’t try to explain things to people who barely got through 8th grade and vote Republican.

Williebkind

November 2nd, 2012
9:01 am

It went from 7.8 to 7.9. Unless liberal math is different that shows there is more unemployment a stiffled economy. But your geniuses will defend the Annoited One no matter what. And then there is BENGHAZIGATE where lives were lost for what–to protect Obama?

bookman parrot

November 2nd, 2012
9:02 am

isn’t that just convenient.

HDB

November 2nd, 2012
9:02 am

Keep…and I think this makes your point even clearer:

http://www.huffingtonpost.com/2012/11/01/bill-clinton-economist-kenneth-rogoff-obama_n_2061734.html

…from the Clinton/Rogoff conversation:

“The $16 trillion in U.S. debt is about equal to the total U.S. economy, though Rogoff and Reinhart’s precise metric was debt held by the public. That figure is about $11.3 trillion and does not include the $4.8 trillion in intra-governmental debt, which refers to money owed by the treasury to government accounts, such as the Social Security trust fund.

Clinton said Rogoff is a moderate Republican. And then he related a conversation he had with Rogoff after reading his book.

“I called him on the phone and I said, ‘I read this very carefully. I just have a question. Do you believe that there’s any way America could have fully recovered from that crash in four years?’” Clinton said. “He said, ‘Lord no.’”

“He said, ‘No serious person believes that.’ He said, ‘The average country takes 10 years,’” Clinton said.”

TaxPayer

November 2nd, 2012
9:02 am

The Republican job creation rate has nowhere to go but up given that it has been stuck on zero ever since their 2010 jobs election campaign.

Lord Help Us

November 2nd, 2012
9:03 am

Fox Benghazi narrative implodes, Chris Christie bearhugs Obama, good job numbers…

What’s the GOP gonna piss and moan about now?

Oscar

November 2nd, 2012
9:03 am

Four more days to campaign and then it’s over. For better or worse, and not a moment to soon.
Since not covering any bets on the outcome. Depends on who’s voters turn out to the polls.

DannyX

November 2nd, 2012
9:03 am

Jobs lost October 2008… 489,000

Jobs gained October 2012… 171,000

Recon 0311 2533

November 2nd, 2012
9:04 am

Unemployment goes up to 7.9%, the U6 remains about the same and new job creation still far below the level necessary to get unemployment down to acceptability. After four years in office Obama still presides over an underachieving economy. Time for new administrative branch leadership.

Williebkind

November 2nd, 2012
9:04 am

“If Obama has been such a failure for the economy, why are we slowly but surely pulling ourselves out of the mess that the GOP created?”

Its been four years Stevie, four years, can you count 1, 2, 3, and 4 years. This crap belongs to your Obama.

Georgia on my mind...

November 2nd, 2012
9:04 am

President Obama will win Georgia by 1 percentage point…Stand up and be counted… and if you have any problems voting, call 1 866 MYVOTE 1

http://www.youtube.com/watch?v=_kH_EZF0XqM&ob=av2e

Williebkind

November 2nd, 2012
9:04 am

Recon 0311 2533

November 2nd, 2012
9:04 am
I agree totally.

willie lynch

November 2nd, 2012
9:04 am

The Fallen

November 2nd, 2012
8:57 am

Fallen-What an apt name. What those on the right fail to consider is having a majority should not allow you to take the position of the bully. The Democrats tried to GOVERN by partnering with the minority party. The ideas of the Republicans that you can force your way is why you’re losing the White House and why the Dem’s will remain in control of the Senate. The way of those on the right is being soundly rejected. Wake up

Oscar

November 2nd, 2012
9:05 am

” . . . not a moment too soon.” and “Still not . ..”

Already broke my resolution to use spell check.

UNCLE SAMANTHA

November 2nd, 2012
9:05 am

incorrect
we had the worst financial crisis since the great depression………….. the recession wasn’t as bad as the mid 70’s one…………. but as you don’t want to acknowledge………..WE’VE HAD THE WORST RECOVERY …………….. growth has been anemic…………… we made the same mistakes that Japan did which led to their 20 year LOST DECADE when their real estate bubble collaplsed in the 90’s

Oscar

November 2nd, 2012
9:06 am

Posts are going up pretty fast this morning. People must be desperate.

The Fallen

November 2nd, 2012
9:06 am

National Debt October 2008 $10 Trillion
National Debt October 2012 $16 Trillion

Jm

November 2nd, 2012
9:06 am

171k jobs

Only 11 more years before the 24 million unemployed are back at work

Assuming we don’t have another recession over the next 11 years

And assuming no one now graduating from college wants a job

Obama: the worst president since Hoover

Williebkind

November 2nd, 2012
9:06 am

“President Obama will win Georgia by 1 percentage point”

Now that would offend me!

indigo

November 2nd, 2012
9:07 am

You may be sure Romney and his people will spin this in the worst way possible. Romney’s desire to be president seems to border on the hysterical. Did the chief “prophet” of the Mormon Church tell Romney that God wants him to be president? If so, and if he’s elected, look for more useless wars and more American blood shed.

The other half of your brain.

November 2nd, 2012
9:07 am

Steve, It’s early in the morning, can you at least wait until noon for the name calling.

Mary Elizabeth

November 2nd, 2012
9:07 am

Excellent news!

The U.S. must keep on this steady, but sure, economic growth instead of going back to the same “trickle down” economic policies that helped contribute to the economic disaster of 2008. Romney’s words declare “change,” but his policies will be the same as Bush’s.

Obama was the real change the country needed in 2008, and the people must, now, muster up enough faith to stay the course with his policies that have have pulled this nation forward, away from the brink of economic disaster second only to the Stock Market Crash of 1929, which took the nation 13 years to overcome that resulting Depression.

Obama has had your backs for years, folks. Remember that on Nov. 6.

Oscar

November 2nd, 2012
9:07 am

CLE SAMANTHA

November 2nd, 2012
9:05 am

_____

Your facts are very incorrect. Not just incorrect.

St Simons

November 2nd, 2012
9:07 am

for 25 yrs of my career, Q3 is historically the weakest quarter.

anecdotal, but (finally) finished with Q3 reporting,
and overall these Q3 statements are better than
anything since the Little Nero with a Cowboy Hat debacle.
I’ll Stamp that.

It must be a liberating feeling to be incapable of embarrassment.

(Faux ‘news,’ a.m. raydio, and con blog-dum)
Responsible people in responsible positions don’t have that luxury.

Williebkind

November 2nd, 2012
9:07 am

“The Democrats tried to GOVERN by partnering with the minority party.”

Now give me a source for those facts or I will call that a lie.

nelson

November 2nd, 2012
9:08 am

Cookin the books again, making the job numbers look good. Ask your neighbor, has his outlook improved, ask the people along the east coast, still 3.8 million without power, little food, no gas, no heat, all after the Photo op where Christie and Barack promised the world. The situation is bad, cost 50 billion, and of course treasury empty except for $16,000,000,000,000 deficit.

Bob Loblaw

November 2nd, 2012
9:08 am

Happy weekend, everybody! How ’bout those job numbers? Way to roll, Jay! Let’s all get ready to smoke the peace pipe next Wednesday. This campaign has been a disaster.

Millard Fillmore

November 2nd, 2012
9:09 am

Jay, you are just a glass half full kind of guy when it comes to PrezBO, aren’t you? I guess that punch must still taste pretty good to you.

Oscar

November 2nd, 2012
9:09 am

“President Obama will win Georgia by 1 percentage point”

Now that would offend me!

______

Not very likely, but it could happen. That’s why we go to the polls and vote. Those whose followers turn out the most win, regardless of what the polls said.

Steve

November 2nd, 2012
9:09 am

Wow. The GOP creates the worst recession since the Great Depression, then whine because Obama can’t make an obstructionist Congress create jobs as quickly as they want. Obama can’t create a miracle recovery (which is impossible) and you guys put us in the hole. Un-freaking believable.

willie lynch

November 2nd, 2012
9:09 am

Recon 0311 2533

November 2nd, 2012
9:04 am

All one has to do is study economies that have had to recover from comparable devastation. Japan has been in a recession since 1989 and would love to have the economic numbers President Obama has provided.

Just how long does it take to recover from the worst economic calamity in 80 years? It took us almost 20 years to recover from the last one. Jus’ sayin.

Williebkind

November 2nd, 2012
9:10 am

Fox News leading cable tv news for 12 years running. That is long enough to put most you in grammar school. Indoctrination is effective isnt it.

The Fallen

November 2nd, 2012
9:10 am

Willie Lynch

“The Democrats tried to GOVERN by partnering with the minority party”

I think you mean “tried to RULE from day one” as per Valerie Jarrett.

Big difference.

Recon 0311 2533

November 2nd, 2012
9:10 am

Williebkind, hopefully, next week we’ll see that most of the electorate agrees and we can get this country back on track again beginning in 013.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

November 2nd, 2012
9:10 am

STEVE

Statistically I agree that 1% isn’t reason to run in the streets…you are correct about the REP vote from dropouts but not likely they have a corner on that market..

TaxPayer

November 2nd, 2012
9:10 am

But Obama said that he would be a one-term president if he didn’t get the unemployment rate below 8 7.9 percent! – Revised Republican Whine

Steve

November 2nd, 2012
9:10 am

My outlook has improved. Most people are doing better. Why are you people such spoiled whiney babies? We are the richest nation in the world. Go live in a 3rd world country and then see if you have it so bad right now. Good lord conservatives, grow up!

CHEVY runs deep...

November 2nd, 2012
9:11 am

the_big_dog_wantsta_eat

November 2nd, 2012
9:11 am

Sorta strange how the numbers all surged upwards for the last several months only days before the election!!

Jim Jones would’ve loved to have had you libbies in his congregation …

BTW, going from 7.8 to 7.9 is not up to normal people!

DannyX

November 2nd, 2012
9:11 am

17,000 new construction jobs in October. House prices have risen 5 months in a row. The housing market is now in a solid recovery. That doesn’t mean your house is suddenly worth as much as it was before the Bush real estate crash. It will take years to bring those values back.

Same with the jobs market. You don’t go from losing 750,000 jobs a month to full employment overnight.

Bob Loblaw

November 2nd, 2012
9:11 am

@nelson:

Really? Ask the people with no power? Dude, a natural disaster the likes of which this part of the country has never seen just happened. What’s your plan to get the power up and running? Geez.

Go back to foxnews.com and read there.

Finn McCool (The System isn't Broken; It's Fixed)

November 2nd, 2012
9:12 am

That’s a great Austin City Limits show, US.

If you can find it get SRV’s performance at Germany’s Palladia on tape or DVD. Great stuff.

Oscar

November 2nd, 2012
9:12 am

George W. can’t blame the bad economy and unemployement on Clinton.
Mitt Romney – 2002 or so

ByteMe - Got ilk?

November 2nd, 2012
9:12 am

For those wanting to know about the numbers behind the numbers, this month’s unemployment went up 200,000 people while the labor force increased (somehow) by 600,000. In other words, more people started looking for work again than normal, and that’s a net positive, since that only happens when those people are optimistic that they indeed will find a job.

If the labor force goes up 600,000 and only 200,000 are unemployed… then those 400,000 people got jobs and don’t have Romney to thank for it :)

Steve

November 2nd, 2012
9:12 am

Question – who is more responsible for job creation? President or Congress?

THINK, PEOPLE

The other half of your brain.

November 2nd, 2012
9:12 am

Obama has had your backs for years, folks. Remember that on Nov. 6

What she meant to say is don’t turn your back on him, otherwise you may get a knife in it.

ByteMe - Got ilk?

November 2nd, 2012
9:13 am

Statistically I agree that 1% isn’t reason to run in the streets

Technically, the number is about 0.8%.

ByteMe - Got ilk?

November 2nd, 2012
9:13 am

Question – who is more responsible for job creation? President or Congress?

So far, neither.

The other half of your brain.

November 2nd, 2012
9:14 am

Steve

November 2nd, 2012
9:12 am

Question – who is more responsible for job creation? President or Congress?

THINK, PEOPLE

Actually Steve, It’s a President who works with Congress, remember Clinton?

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

November 2nd, 2012
9:14 am

STEVE

Also remember that the increase to 7.9% is just 1% away from 8%….I think he promised something like 5.6%? Perhaps i’m mistaken..

Deflecting to mess he assumed is funny….I guess not if you really believe the WH or Congress can really influence unemployment materially…strange scorecard

You think this will result in any changing their vote from Romney to Obama?

Steve

November 2nd, 2012
9:14 am

My 401k is back. My home value is increasing. I was able to refinance and lower my mortgage (tax cut!!). I am employed and doing quite well. What is the problem with the rest of you whiners? Why are you looking to government (Obama) to solve your problems?

Welcome to the Occupation

November 2nd, 2012
9:14 am

Question for Jay: Why has neither of these two parties of big capital every considered a jobs work program as in the Roosevelt era?

Has human suffering just become a matter of complete irrelevance before the invincible power of the “market”?

Why are we getting excited about unemployment rates hanging in the 7-8 % range a full four years after the financial collapse of 2008?

JamVet

November 2nd, 2012
9:14 am

willie, you sure do miss those paragons of executive excellence, George the (W)orst Ever and Dick the dick, don’t you?

LOL at you neocon losers!

How much are you cons gonna cry when the Mitwit and that slimy Veep choice of his go home for good next week?

Oscar

November 2nd, 2012
9:14 am

BTW, going from 7.8 to 7.9 is not up to normal people!

++++++++++++++++

Nobody said that was up to normal.

ByteMe - Got ilk?

November 2nd, 2012
9:15 am

Fox News leading cable tv news for 12 years running.

But thankfully, not the leading news organization ever. That still belongs to NBC. So only certain people are being damaged by FOX’s nonsense, not the rest of us.

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

November 2nd, 2012
9:15 am

STEVE

Glad things are going well for you…what about the millions still out of work or otherwise losing homes etcetera…why aren’t they better off?

Granny Godzilla - Union Thugette

November 2nd, 2012
9:15 am

When I cook the books, I always start with a rich homemade stock.

Williebkind

November 2nd, 2012
9:17 am

NBC is a joke and full of lies!

Steve

November 2nd, 2012
9:17 am

How can one work with a Congress when the leader of said Congress says, “my number one priority is making sure president Obama’s a one-term president.”

willie lynch

November 2nd, 2012
9:17 am

The Fallen

November 2nd, 2012
9:06 am

National Debt October 2008 $10 Trillion
National Debt October 2012 $16 Trillion
————–

Unemployment when Bush came and left. Your point?

2001-4.3%
2009-7.9%

Steve

November 2nd, 2012
9:18 am

Stevie Ray, why are you, as a conservative, demanding that the government fix peoples’ problems?

ByteMe - Got ilk?

November 2nd, 2012
9:18 am

why aren’t they better off?

Why can’t it be their own fault? Why does it have to be the government’s fault?

Remember the Republican argument against health care reform was that it would “only” affect 15% of the population, so why bother since the other 85% had health insurance? Why is the Republican argument concerning unemployment/underemployment — also at 15% — a problem then?

Stevie Ray..Clowns to the left and Jokers to the right..here I am...

November 2nd, 2012
9:19 am

FINN

Great call on SRV video…my namesake of course…amazing.

TaxPayer

November 2nd, 2012
9:19 am

I’m still better off than I was four years ago. Too bad Republicans are not. Poor thangs.

joe

November 2nd, 2012
9:19 am

Too little, too late. It’s all over by the cryin for the Dems…

Mary Elizabeth

November 2nd, 2012
9:19 am

Welcome, don’t overlook the fact that Republicans in Congress stopped Obama’s Jobs Bill from passing. Their interest was in making Obama a one term president, not in helping create more jobs in any way possible for working Americans.