Tuesday, August 21, 2012

Employment Rate Creeps Up

This is somewhat unlike other election years. You do'nt typically see bad economic numbers on the way to November. But July saw a slight uptick in unemployment in the country. 2012 8.3 8.3 8.2 8.1 8.2 8.2 8.3 OVerall the economy is supposed to look better wit hthe President rolling out all sort of goodies as election day approaches. Mind you that didn't happen in 2008. Things got progressively worse for Bush and the Republicans (and has moderately improved since). Of course we all know why that happened (market CRASH). So will the unemployment rate trickle downwards come November? I think we can expect a down turn, perhaps even below 8. It's not out of the question to see a temporary drop if there's enough positive sentiment in the economy. But then again, .4 drop in unemployment translates into millions of jobs.....Those don't crop up overnight.

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