Also in this playlist...
This transcript is automatically generated
Hi I'm Bill O'Reilly thanks for watching us tonight the last weekend before the presidential vote that is the subject of this evening's talking points memo as -- points predicted yesterday.
The national media's reporting today's economic news is a plus for -- Obama.
-- -- and the data is not applause I'm just telling you what the national media is doing I'm reporting.
But now I'll start analyze.
Imus and CBS radio every morning -- pretty fair in its assessment of the news but I knew I knew.
That when the economic data came out today CBS.
Would report it this way.
The Labor Department's October employment report the last big reading on the economy before Election Day.
-- stronger than expected job gains but more people were looking for last month.
And that pushed unemployment a tenth -- a point higher to seven point 9%.
Still a pick up of 171000.
Jobs is significant.
Economist Stuart Hoffman calls it the real New York.
Good gaining jobs a widespread -- this is -- -- -- this is a genuine improvement in -- -- job market.
That a moment Lou Dobbs who tell us -- he agrees to that point of view but here's what's really happening economically.
Unemployment ticked up from seven point eight to seven point 9% however.
There were more jobs available in October in fact the workforce.
Rose by 578000.
Americans that's good.
The reason unemployment -- up is that more Americans now looking for jobs because more jobs are becoming available.
The bad news -- is that unemployment among African Americans jumped almost a full percentage point.
From thirteen point 4% to fourteen point 3%.
That is a disaster.
Also the real unemployment rate -- in October was fourteen point 6% including people who have given up looking for work.
Bottom line twelve and a half million Americans who want to work.
Can't find employment.
The candidates respond.
2008 we were in the middle two wars in the worst economic crisis since the great question.
And today our businesses have created nearly five.
A million new jobs in this morning we learned the companies hired more workers in October that at any time in the last.
They said -- was got a lower the unemployment rate down to five point 2% right now.
Today we learned that it's actually seven point 9% and that's -- nine million jobs short of what he promised.
Unemployment is higher today that when Barack Obama took office.
Now is always you make a call which candidate has a better grasp of the economy of course I will be the deciding factor in the election on Tuesday.
Finally I think -- covered this economic deal today fairly.
And my prediction of yesterday that the mainstream media which overwhelmingly supports president Obama's reelection will use the last few days before the vote to bolster mr.
Looks to be on track.
But I want to know what you think about the factors election coverage analysis so we're asking in -- -- new billoreilly.com poll.
Do you believe the -- they're being excuse me has been fair.
Covering the election do you believe the fact there's -- fair covering election yes -- -- we'll -- -- the results on Monday.
Filter by section