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Friday, November 2, 2012

Jobs stall as unemployment rate rises

Last jobs report before election shows economy in 'virtual standstill'

     The final monthly jobs report before Election Day offered a mixed bag of economic evidence that quickly became political putty for the presidential candidates, with the unemployment rate ticking up to 7.9 percent but the economy adding a better-than-expected 171,000 jobs. 
At the same time, the number of unemployed grew by 170,000, roughly the same amount -- to 12.3 million. 
  ...You can pretty well safely bet the 171,000 added jobs will be revised downward after the election.