Jobs report not a deal breaker for Obama
Lewis DiuguidPresident Barack Obama’s re-election team has to be chanting “under eight, life is great” today after the release of unemployment numbers.
The unemployment rate ticked up to 7.9 percent for October compared with 7.8 percent in September. But the Labor Department also reported that the country’s employers added 171,000 jobs in October, more than initially expected.
That shows the economy is moving in Obama’s favor and not giving Republican challenger Mitt Romney much fuel for his “change” campaign.
Of course people in Obama’s camp just four days from Tuesday’s election would have loved to be able to chant “seven is heaven.” But getting the jobless rate to 7 percent or lower may have to wait until 2013.
Mark Hastert
6 months, 2 weeks agoMore new jobs than in months! Fewer new jobless claims! Mayor Bloomberg, Colin Powell, and (God bless him) Chris Christie! There is a growing surge of O-mentum!