Friday’s unemployment report for September, the last before the election, brought more bad news for the Obama Democrats.
Noteworthy is the fact that stocks rallied a bit on the lackluster and tepid jobs numbers, pushing through the 11,000 mark. But more and more, it seems bad economic news illustrating the failure of Obamanomics becomes good news for stocks on the expectation of a GOP tsunami in November.
The unemployment rate itself held at 9.6 percent. It’s been over 9.5 percent for 14 straight months. Meanwhile, the marginally unemployed — or the so-called impairment rate (U-6) — jumped to 17.1 percent from 16.7 percent.