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Associated Press/Photo by Wong Maye-E

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Economy
by Cal Thomas
Posted 12/13/12, 11:21 am

SINGAPORE—While the U.S. unemployment rate "dropped" to 7.7 percent last month—a figure even The Washington Post acknowledged was due "… in large part because the labor force fell by 350,000 …"—here in this modern and prosperous city-state of slightly more than 5 million people, unemployment is practically nonexistent.

A taxi driver tells me, "Everyone here works." With unemployment at an astonishingly low 1.9 percent, he is nearly right.

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Associated Press/Photo by Alan Diaz

Unemployment rate rises to 7.9 percent

Economy
by Wire Reports
Posted 11/02/12, 08:51 am

WASHINGTON (AP)—U.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought. The unemployment rate moved up to 7.9 percent from 7.8 percent in September.

Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June.

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Associated Press/Photo by Alan Diaz

Weekly U.S. jobless aid applications fall to 363K

Economy
by Wire Reports
Posted 11/01/12, 09:12 am

WASHINGTON (AP)—Weekly applications for unemployment benefits dropped 9,000 to a seasonally adjusted 363,000 last week, a level consistent with modest hiring.

The report comes just before Friday's October jobs data, the last broad snapshot of the economy before the presidential election Tuesday. The still-weak job market has been a top issue for voters during the campaign.

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