About October's unemployed monthly percentage - it went down a notch and we predicted the decrease.

Two important numbers are published on the first Friday of each new month: the previous month's unemployed percentage and the monthly total for jobs created by the economy.

The numbers for October are: 9.0% (down from 9.1%) and 80,000 jobs created, up from an adjusted 57,000 jobs the month before.

There are all kinds of numbers floating around "out there." It gets rather involved, when an editor tries to sort through all the information and present a succinct summary of the employment situation. Suffice it to say:

The economy created 80,000 jobs, last month, when we need 203,000 a month to bring the unemployment percentage down to 8.5% by election day, 2012 (Source: Hamilton place Strategies).

We need to create 160,000 new jobs a month just to keep up with the growing work force. That is the first order of business, to keep up with population growth. We have not done this for three and half years, running.

Bill Clinton, appearing on the David Letterman show three weeks ago, made it clear that we need to raise taxes on the rich BUT not at this time. Implicit to his comments, is a denial that increasing taxes goes to job creation. Except for the most partisan element of the Democrat Party, the consensus opinion is this: wait to raise taxes on anyone until the economy is booming. . . . . or, at least, better. There is nothing in Stimulus II that creates jobs in the coming year . . . . . nothing. They are all two to three years out; they are all union jobs and none of them benefit the private sector. Liberal pundits lining up in their criticism of Obama's thirst for increasing taxes include the likes of Bill Clinton and Mort Zuckerman, CEO of US News and World Report. Let's not forget, that Obama's Stimulus II (the American Jobs Act) did not have a single signing sponsor in either the House or the Senate.

Other than this, the monthly unemployment report can be summarized with these words:

same ol' same ol'.