October Unemployment Jumps to 7.9% – Making Obama Worst Jobs President Since Great Depression

It’s official, Obama is the worst jobs president since the Great Depression.

The October unemployment rate jumped to 7.9%.
The AP reported:

U.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in September because the work force grew.

The Labor Department’s last look at hiring before Tuesday’s election sketched a picture of a job market that is gradually gaining momentum after nearly stalling in the spring.

Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June.

Still, President Barack Obama will face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt.

It looks like Obama’s “spend your way to wealth” Keynesian plan didn’t work out so well, huh?

More…

Drudge reported:
RATE HIGHER THAN WHEN OBAMA TOOK OFFICE…
ROMNEY: ‘Sad reminder economy at virtual standstill’…
JOBS: +170,000…
Incomes Continue to Decline…
Long-Term Rate Rises to 40.6%…
Blacks to 14.3%…
Food Stamp Growth 75X Greater than Job Creation…

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  • Bigkahuna

    Well one more bad report for Obama . I am shocked he didn’t cook these numbers. Even as it is these don’t tell the story of the far too many percentage of these being part time jobs. Lets add Obama to the list of unemployed in 4 days

  • http://gravatar.com/tom63010 Tom63010

    The “real numbers” must have been real bad for them to move it up even .1%.

  • Robodog7

    Did they count California this time?

  • Robodog7

    The U-6 rate is 14.6% this month.

  • Warthog

    Lies.

  • donh

    Next month it will jump to 8.5% as large employers will be free to let people go and make accurate reports without fearing their children will be bludgeoned to death.

  • Bigkahuna

    Defense contractors with massive layoffs will make it 9% when they send out their notices this week.

  • Granny

    #7 November 2, 2012 at 8:01 am
    donh commented:

    Next month it will jump to 8.5% as large employers will be free to let people go and make accurate reports without fearing their children will be bludgeoned to death.
    ______

    Judging by the lay offs slated, I expect perhaps more than that. And yesterday ADP revised the figure used in the September numbers down to less than half of the number used.

  • Spider

    The 4 year experiment of being a 3rd world country didn’t work.

    I mean it worked, but thankfully a majority of Americans don’t want to be a 3rd world country.

    America is the best country that has ever existed and we want to keep it that way.

    Nov. 6th = Independence Day II

  • Hatey Hateman

    First comment out of the gate—liberal anger. Their messiah is going down, and they don’t like it. Do we get to take twinkish pictures holding up the percentage asking for a truce. Bet me that there will be one disgusting remark after another. C’mon proggies, live up to the civility that you claim to want.

  • bigL

    Count on CNBC to have their cavalcade of liars, and they have… It is so amazing to see how CEOs are really not capitalists,thru and thru. They are capitalists if tha tis where their pay come from. if not, then not…

  • Carbon Pootprint

    171K New Jobs, 170K New Jobless.
    Using Obama math he created 341k jobs tada, math is hard.

  • BS61
  • Bigkahuna

    Obama wants to appoint a secretary of business. I say create a secretary of get out of my business.

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  • Flintstone F.

    But on Jan. 1 the Bush tax cuts expire. What will the number be after that?

    Keynesian, otherwise known as “roads first economics.”

  • http://mainfo.blogspot.com/ Opus#6@AmericanPerspective

    The only thing that will increase confidence of job-creators is when Obama leaves office. I pray that happens in January 2013.

  • squeaky

    just a kid. i wonder [not] where he found that idea. Romney and it’s back to the crop fields. obama on the other hand will be santa comin’ to town taking credit for raiding other peoples wallet and passing out other peoples goodies. somehow i doubt he’ll have his hand in jay z’s wallet.
    http://www.theblaze.com/stories/9-year-old-boy-at-michelle-obama-rally-if-mitt-romney-win-well-be-going-back-to-the-crop-fields/

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