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The PJ Tatler

by
Bryan Preston

Bio

November 2, 2012 - 5:35 am

The US unemployment rate rose to 7.9% this morning as the underemployment dipped slightly to 14.6%, in the final economic report card before the Nov 6 presidential election. The participation rate rose slightly to 63.8%. In all the US economy created about 171,000 new jobs in October. A recovering economy should be creating between 250,000 and 300,000 jobs.

More: While the president may claim progress on the number of jobs created, the rising rate robs him of two key talking points: that the economy is going in the right direction, and that the unemployment rate is the same as it was when he took office. Unemployment was 7.8% when Barack Obama took the oath of office in 2009.

More at the BLS.

Bryan Preston has been a leading conservative blogger and opinionator since founding his first blog in 2001. Bryan is a military veteran, worked for NASA, was a founding blogger and producer at Hot Air, was producer of the Laura Ingraham Show and, most recently before joining PJM, was Communications Director of the Republican Party of Texas.
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