- Jobs report shows persistent economic growth, By Catherine Rampell, November 2, 2012, New York Times: “The economy may have some more underlying strength than earlier believed, according to the final job market report released before Tuesday’s presidential election. The nation’s employers added 171,000 positions in October, the Labor Department reported on Friday, and more jobs than initially estimated in both August and September. Hiring was broad-based, with just about every industry except state government adding at least a handful of jobs. The unemployment rate ticked up slightly to 7.9 percent in October, from 7.8 percent in September, but for a good reason: more workers joined the labor force and so officially counted as unemployed…”
- Job growth, unemployment rate rose in October as workers re-entered labor force, By Neil Irwin, November 2, 2012, Washington Post: “Businesses picked up their pace of hiring in October and the unemployment rate rose as more people started looking for work, according to new government data that offer a glimmer of optimism for the long-ailing job market on the eve of the presidential election. Employers reported adding 171,000 jobs in October, beating both analysts’ expectations (125,000 jobs added) and September’s job creation (a revised 148,000). The unemployment rate rose to 7.9 percent, up from 7.8 percent, but the reason behind the uptick also points to an improved job market…”
Poverty-related issues in the news, from the Institute for Research on Poverty