Posted on 12/04/2009 5:40:48 AM PST by Perdogg
The U.S. labor market improved markedly in November, with the unemployment rate falling back to 10% and job losses shrinking to the lowest level in nearly two years, the Labor Department reported Friday. Nonfarm payrolls dropped by a seasonally adjusted 11,000 in November, the fewest since December 2007.
(Excerpt) Read more at foxbusiness.com ...
15% here in Hickory, NC
TAmerican - take heart!
You’re now falling from the “10th” floor, as opposed to the “11th” floor!
When this happened under Bush, it was met with “Thats only because people stopped looking for work”
Lets see if the media treats it the same way now.
OOOOH! Happy Days are Here Again!
That’s good news. Of course, the number doesn’t reflect the 3+ million folks who are still getting money from stimulus dollars. That’s the government’s dirty little secret. They found a way to keep them off the official tally.
Here’s to the detail oriented analysts like K. Denninger (market ticker) and J. Williams at shadowstats.com taking these numbers apart by this afternoon.
Because 265,000 people applied for the Emergency unemployment benefits and they are NOT counted.
The biggest drop off was last week. You know, when the Unemployment office was closed for Thanksgiving and Friday.
This is due to how they measure unemployment. Now that people’s unemployment insurance is running out, it’s making the number trend down. It doesn’t mean that people are suddenly getting jobs. If the number actually measured how many people are out of a job, it would be closer to 20%.
It is far higher. Lies are mothers milk to Obama and his gangsters.
The biggest drop off was last week. You know, when the Unemployment office was closed for Thanksgiving and Friday.
.2% is ‘markedly’ ? LOL. Even though this is from Fox Business , this has to be AP generated copy.
“The U.S. labor market improved markedly in November, with the unemployment rate falling back to 10%”
So 10.2% improved to 10% is NOW a remarkable improvement.
I remember when 4.5% unemployment was an indicator of the worst economy since the Great Depression.
We must be living in the ‘good old days’ as described by my leftists chums!!!
The number of long-term unemployed (those jobless for 27 weeks and over) rose by 293,000 to 5.9 million.
The percentage of unemployed persons jobless for 27 weeks or more increased by 2.7 percentage points to 38.3 percent.
“The biggest drop off was last week. You know, when the Unemployment office was closed for Thanksgiving and Friday.”
Rush waded into that one full boar.
Do they normally "adjust" these numbers later?
Don't trust any numbers that the government provides on the economy.
We’re laying off 2 people in our office and 47 people in the Midwest this week. I don’t see the optimism that this report is talking about.
If this is a decline is real, it is likely related to seasonal jobs for Christmas sales. After the holidays, these jobs will be gone.
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