Tag Archive: Unemployment Rate

Why Skepticism of the Unemployment Number Wasn’t Unfounded


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?


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


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


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?


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…