Tag Archive: Unemployment Rate

Why Skepticism of the Unemployment Number Wasn’t Unfounded

welch

Last week, when it was reported that the national unemployment rate unexpectedly dropped from 8.1% to 7.8% with a notable uptick in hiring, many people simply couldn’t believe it. Economists across the board were completely blindsided. None of them had predicted any significant change to the number – certainly nothing along the lines of a…

Obama’s Spiking the Football Over 7.8% Unemployment?

obama

Though I haven’t been a football fan for a couple of decades now, I certainly was one when I was younger. Growing up in a suburb of Denver, Colorado, Bronco-Mania was always a colorful, animated spectacle each Fall. My father was (and still is) a big fan of our home team. I never was, however….

The October Surprise

O

Looks like we just got the October Surprise.  The unemployment rate dropped below 8 percent.  It’s down to 7.8. Normally, that number would be considered terrible news for any incumbent seeking re-election.  But compared to 10, 9, or 8 percent … anything starting with a 7 looks good by comparison, especially this close to Election…

Please Don’t Shoot the Messenger

O-FDR

We hear it over and over again from conservatives explaining why Mitt Romney will win.  No president has won re-election with unemployment over 8 percent, they tell us, hoping the streak will continue this time around. There’s just one problem.  It’s not true. Franklin Roosevelt won re-election with unemployment not only over 8 percent, he…

Why is “Obstructed” Obama the Beneficiary of Good Economic News?

obama

President Obama received some good news on Friday for his 2012 re-election hopes. The national unemployment rate dropped to 8.5% – the lowest rate in around three years. As with most recent drops over the past few months, the bag’s a little more mixed than the mainstream media lets on. Now, there has indeed been…