more jobs are becoming available. the bad news is that unemployment among african americans jumped almost a full percentage point from 13.4% to 14.3%. that is a disaster. also, the real unemployment rate in october was 14.6%, including people who have given up looking for work. bottom line, 12.5 million americans who want to work, can t find employment. the candidates responded. in 2008 we were in the middle of two wars and the worst economic crisis since the great depression. today our businesses have created nearly 5.5 million new jobs and this morning we learned that companies hired more workers in october than at anytime in the last eight months. he said he was going to lower the unemployment rate down to 5.2% right now. today we learned that it s actually 7.9%. and that s 9 million jobs short of what he promised.
megyn: the last jobs report before the election getting very different reactions today. the unemployment rate went up and the white house sees an economy on the mend. now we are looking at the larger picture as americans prepare to pick our next president. that unemployment rate ticking up to 7.9% last month up from 7.8. among african-americans it s 14.3%. more than 3.5 million people have been jobless for at least a year and 5 million have been out of work for six months. and picture this. on average if you lost your job today it would take you until august of next year to find a new one. joining us now fox business network lou dobbs host of lou dobbs tonight. they say the numbers went up a little because folks are starting to look for jobs again. there is some truth to it.
government credit card that we have been running up for decades. andrea: i don t know if i run around touting the number. i m baffled by the president would do that. i love quoting paul krugman, as you know, the liberal from the new york times. dana: enron adviser. andrea: he said 365,000 jobs needed to be created per month to get the economy back on track. so in the words of paul krugman this is a paltry number we got in today. if you break it down, dana and you look at the group, the demographics. this is obama s base. african-americans, unemployment, 14.3%. young people. young people, trying to rally to get to polls on tuesday are at 16%. people forget the government only factors people looking for work in the last four weeks. i doesn t factor all of the people who stopped looking for work or people with experience and degrees who are in fast food restaurants right now. in addition to the part-time work. so i would have a hard time
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has reported today that private republican polls have shown them slipping behind in ohio. joining me is romney senior adviser former missouri senator jim talent. thanks for joining us. thanks for having me. how big a challenge is ohio for you? if you look at the battleground map, ohio is pretty important. you have to really win a lot of other states where which are challenging for you if you don t get ohio? yeah. it s definitely an important state, andrea. i m pleased with where we re at. i mean the polls show it s virtually a dead heat and this, despite the fact we re just coming off the democratic convention and they had a huge cash advantage for the last several months. the number of battle ground states we can play in is expanding, wisconsin is in play, closing in new mexico. i like our overall picture. the reason it s this way because the american people know we have to have a change. the real unemployment rate is 14.3%, 4 people gave up looking