The uptick in October's unemployment gives challenger Romney an advantage over President Obama. But elections turn on more than just unemployment.
The Labor Department reported Friday that the economy added 171,000 jobs in October, while unemployment rose to 7.9 percent. As the eighth and final installment of our One Minute Debate series for election 2012, three writers give their brief take on the best way to create jobs in the United States.
The situation for private employment in the US improved in October according to private staffing and business services firm ADP.
Friday's jobs report is likely to sway some voters – and therefore have an impact on this tight race. But Reich says it shouldn’t.
Seasonally adjusted initial unemployment claims declined by 9,000 to 363,000 jobless claims from a revised 372,000 jobless claims for the prior week.
The latest data shows a decline in initial jobless claims. Seasonally adjusted unemployment claims declined by a notable 23,000 to 369,000 claims from a revised 392,000 claims for the prior week.
Seasonally adjusted “initial” unemployment claims jumped to 388,000 claims for the prior week while seasonally adjusted “continued” jobless claims dropped to 3.252 million.