While there had been speculation that the BLS may delay the release of its October nonfarm payroll number until after the election, it turned out there was no reason to worry. Perhaps this is because the number, while at stall speed, was not quite as horrible as some had expected (even if the change in average hourly earnings did tumble to new all time lows) and so boosted Obama’s reelection chances.
Am I surprised Obama hid this? No, and with the announcement of companies letting people go this will expand. Perhaps by 2016 those who voted for Obama will realize the mistake they made.
Those who want to live on the dole will not realize this anyway.