Unemployment Rate Falls To 10% In November [11k jobs lost; welcome to jobless recovery]

Fox Business ^

[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.

[JaguarXKE]

WTF??!! When I first read This Article that Drudge was linked to - the story clearly read that unemployment for November was 10.2 - unchanged from October!! Then I read this, and was going to go back and post that story that said unemployment was unchanged from October, and I discovered that the Yahoo story had been edited and now reads that unemployment has fallen! Did anyone else happen to see the Yahoo story Drudge linked to before they changed what it said?

[stephenjohnbanker]

“So 10.2% improved to 10% is NOW a remarkable improvement.”

For a dictatorship, it’s about right.

[Fresh Wind]

I love the aroma of cooked numbers.

[McGruff]

As Rush said, don't trust any numbers coming out of this White House. They are fudging them to look better than they really are.

Clintonesque (or worse).

[unkus]

That’s right. Unemployment Offices were only open 3 days last week.

Unemployment: 18%-22%

Bozo approval: 22%

[The Great RJ]

Probably as a result of seasonal hiring for the Holidays or the same kind of creative data manipulation practiced by the climategate hoaxers.

[umgud]

Biggest job growth in gov’t sector.

[rhombus]

Unemployment Rate Drops Unexpectedly in November

Once again, "unexectedly" - the U-word.

[dforest]

These numbers are false. I suppose in December the numbers will unexpectedly rise.

Wait until January, it will even be worse once the Christmas help get dumped.

[Road Warrior ‘04]

Call me skeptical. Most analysts, who are never right, predicted well over a 100 thousand and the number comes in at 10% of that number? Something very fishy!

That said, if it is indeed true, good news....I guess.

[AFPhys]

Remarkable how brilliantly Dear Leader’s job conference worked out!

[US Navy Vet]

It’s December, just wait until January when all of these temp workers get laid off.

[Vaquero]

bogus numbers...it does not take into account, those who can no longer get unemployment as they are out of work too long....unemployment is much higher....

[GOPsterinMA]

“Less bad is the new good” Repeat. “Less bad is the new good” Repeat. “Less bad is the new good” Reapeat...

These lies are getting REALLY old. I feel like this cache of gangsters has been around for about 20 years...I have ODS (Obama Derangement Syndrome).

Wonder if that’s a condition covered under ObamaCare?

[John.Galt2012]

Does anyone have the numbers for the month on November for the last 10 years. I thought hiring always went up in Nov for the Holiday retail and then the layoffs hit by the same % in January?

[DAC21]

Yeah, they hired for the Holidays. Wonderful service sector jobs paying min. wage.

[RockinRight]

Let me get this straight.

5% unemployment a few years ago was the “Worst Economy Since Hoover” but 10% is a “marked improvement?”

[Heliand]

You get what you pay for. When you pay 99 weeks of unemployment benefits, you get long term unemployment. Why work when the FedGov is paying you to be at leisure?

[Uncle Ike]

” Wait until January, it will even be worse once the Christmas help get dumped. “

Unless they’ve changed the laws in the past few years (I haven’t kept track), Christmas temps don’t accumulate enough ‘points’ to qualify for unemployment when they get laid off - so even though the employment is ‘temporary’, they drop off the employment rolls permanently....

“Pay no attention to that man behind the curtain!!”

[Old Retired Army Guy]

It will probably drop again in December with the seasonal job uptick. The one to look at will be January’s.