By Frank Quaratiello and Ira Kantor | The Boston Herald | November 2, 2012
The U.S. unemployment rate rose to 7.9 percent in October as the nation added 171,000 jobs and the presidential candidates were quick to jump on the economic news.
The federal Bureau of Labor Statistics report also revised the number of jobs created in September to add another 34,000, increasing that figure to 148,000. The August jobs number was revised upward to show 192,000 jobs created.
Both President Obama and GOP nominee Mitt Romney found something to shout to the rooftops on the campaign trail today.
In Springfield, Ohio, the president touted the report: “This morning we learned that companies hired more workers in October than at any time in the last eight months. … Our businesses have created nearly five and a half million new jobs. …. The American auto industry is back on top. Home values and housing construction is on the rise. We’re less dependent on foreign oil than any time in 20 years. Because of the service and sacrifice of our brave men and women in uniform, the war in Iraq is over. The war in Afghanistan is ending; al-Qaeda’s been decimated. Osama bin Laden is dead.” Read More