◼ RATE HIGHER THAN WHEN OBAMA TOOK OFFICE - Bureau of Labor Statistics
◼ Obama Faces Voters With Highest Unemployment Of Any Incumbent Since FDR - CBS Cleveland
◼ ROMNEY: 'Sad reminder economy at virtual standstill' - White House Dossier
◼ JOBS: +170,000 - Bloomberg
◼ October Jobs Report Shows Incomes Continuing to Decline - Noel Sheppard/Newsbusters
◼ Long-Term Rate Rises to 40.6% - CNS
The long-term unemployment rate rose to 40.6 percent in October, up from September’s level of 40.1 percent of the total unemployed, according to a report from the Bureau of Labor Statistics Friday.◼ Blacks to 14.3% - Daniel Halper/Weekly Standard
Long-term unemployment is unemployment lasting for 27 consecutive weeks or longer, according to BLS.
The government reported that just over 5 million people were unemployed for more than six months – 27 weeks – rising from September’s level of 4.8 million.
◼ Food Stamp Growth 75X Greater than Job Creation - Daniel Halper/Weekly Standard
"Simply put, the President’s policies have not produced jobs. During his time in office, 14.7 million people were added to the food stamp rolls. Over that same time, only 194,000 jobs were created—thus 76 people went on food stamps for every one that found a job," says Senator Jeff Sessions, ranking member of the Senate Budget Committee. "This is a product of low growth. Post-recession economic growth in 2010 was 2.4%, and dropped in 2011 to 1.8%. This year it has dropped again to 1.77%. Few, if any, net jobs will be created with growth of less than 2%."
