FINAL JOBS REPORT STATISTICS

Latest unemployment statistics before the election, provided by the Bureau of Labor:

 Unemployment rate for blacks increased to 14.3 percent.

 Long term unemployed (27 weeks or more) was little changed at 5.0 million (40.6 percent of the unemployed.

 

Civilian labor force grew by 578,000 to 1555.6 million.

Labor for participation rate edged up to 63.8 percent.

Total employment rose by 410,000.

FULL ARTICLE: FINAL JOBS REPORT 

Move Over Obama and Romney, Jeremy Epstein Is In The House

As the Presidential Debates Continue, heated discussion concerning our economy, the middle class, and unemployment, reached some new and not-so-subtle arguing points between the two candidates. During Tuesday's debate, Governor Romney was on the defensive. According to CBS and Newsday, the public felt that Romney began to "Interrupt" President Obama when discussing certain heated topics. The president was reciprocating and standing his ground, but in a way that seemed more subtle than Governor Romney. An interesting point in the night that resonated with younger voters, occurred when Adelphi University Junior, Jeremy Epstein, raised the question of How the candidates could reassure him that he, among other college students, would be able to find a job after graduation. This spiked an unexpected trend in the 'Twitterverse' and other social media websites. Jeremy, an undecided, first-time voter was the youngest person asking questions at the debate. He says in a Newsday article, "I'm representing a whole other group of people my age, people who are facing the exact same problems, who are worried if they're going to be able to move out of their parent's house and support themselves sufficiently." Apparently, Jeremy managed to strike the right chord among young voters and social media users. He got his deserving fifteen minutes.

Link to full article: Jeremy Epstein

Bad News for Romney

Just this month the unemployment rate dropped a whole 0.3%, from 8.1% to 7.8%.  This looks like a great breakthrough for the country but bad luck for our candidate Mitt Romney.  Just last week was the Presidential debate for both Romney and Obama.  By the end of the debate, it looks as if that the favor won against Mitt Romney.  Yet in a sudden turn of events our country faced with a decent drop from the unemployment rating.  This would turn out bad for Romney then expected from Americans, giving a great "head start" for President Obama in the 2012 election.  We will have to see next month on what the people will choose and the next four years with the next president running the United States.

Slow Progress for Unemployment, Yet Hope for Obama.

No more than a few days ago, The Washington Post ran an article hinting at some positive news for President Obama. With the unemployment rate still remaining above eight percent, the economic recovery of our country is moving at what feels to be a snail-like pace. According to Obama advisers however, A "positive trend line," is where the hopes of Obama and his voters rest for this upcoming election. "We're not there yet," acknowledges an ad that Obama ran earlier this month in regards to private sector job growth. On behalf of us all, Mr. Obama, lets hope we get there.

FULL ARTICLE: Hopeful Signs For Obama